81.2
Excellent
Property score
81.2
Excellent
Overall 81.2
Smaller but newer than most nearby homes
1,433 sqft (bottom 25%)
Built in 2007 (12 yrs newer than avg)
Located in a high-income area
with median household income of ~141k
Transit 62.0
3-min walk to transit with 1 nearby route
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
12% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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81.2 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111206
$141K
Median household income
$153K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
7%
Single-person households
54%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
70 Nordstrom Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 453 m).
Island Lakes · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 46% | Top 31% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 70 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This single-storey home at 70 Nordstrom Drive is a study in contrasts, offering a practical layout within the well-established Island Lakes neighbourhood. Built in 2007, it is a notably newer construction compared to most Winnipeg homes and is among the newest in its immediate area, suggesting modern building standards and potentially lower immediate maintenance costs. The home features 1,433 sqft of living space, an attached garage, and a full, unrenovated basement on a standard 5,656 sqft lot.
Its primary appeal lies in its value proposition and move-in readiness. The assessed value is modest for the city overall, positioning it as an accessible entry point into a mature community with amenities, parks, and schools. It suits first-time homebuyers or downsizers seeking a manageable, single-level layout without the premium price tag of a fully updated property. A thoughtful perspective is that the unrenovated basement presents a clear, cost-effective opportunity for future customization to add significant value, rather than paying upfront for a finished space that may not suit a buyer's taste.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
While the living area is below average for Island Lakes and its own street, it is close to the average size for a home across the entire city. This indicates a efficient, potentially more affordable-to-heat and maintain footprint.
2. Why is the assessed value much lower than some nearby sales?
The assessed value is for municipal tax purposes and is not a market valuation. It can be influenced by many factors, including specific home features and historical formulas. The provided sold price history from 2022 offers a more recent market-based reference point.
3. What does "Top 2%" for Year Built in Island Lakes mean?
This statistic indicates this home is newer than approximately 98% of properties in the Island Lakes area. For a buyer, this suggests advantages like more contemporary wiring, plumbing, and insulation compared to much of the neighbourhood's housing stock.
4. Is the lot size a constraint?
At just over 5,600 sqft, the lot is very typical for the street and generally average for the area. It provides standard outdoor space for gardening or recreation without the extensive upkeep of a larger yard.
5. Who would this property not suit?
Buyers looking for a move-in-ready home with a modern, finished basement or those who prioritize above-average square footage for the immediate neighbourhood may need to budget for renovations or consider other options. It is best viewed as a solid foundation with room to grow in value.
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