Property score
84.2
Excellent
Overall 84.2 · Newer than most nearby homes
1,775 sqft (top 35%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Above average
9 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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84.2 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
71 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 301 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 24% | Top 26% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood offers a balanced, move-in-ready package. Built in 2004, it features 1,775 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its strong positional value: while the home’s metrics (size, lot, assessed value) are generally average for its immediate street and neighbourhood, they place it well above the Winnipeg city-wide average. This indicates you’re getting a home that outperforms most of the market for space and modern construction, within a sought-after community.
The renovated basement adds functional living space, appealing to those who need flexibility for a home office, gym, or family room. It suits practical buyers looking for a comfortable family home in a mature area without the premium for a top-tier lot size or the unpredictability of an older build. A thoughtful perspective is that its "around average" standing within Island Lakes itself can be a stability advantage, suggesting it’s unlikely to be over-improved or under-valued relative to its peers, which can simplify both purchase and future resale.
Frequently Asked Questions
1. How does this home’s size compare to others in Winnipeg?
At 1,775 sqft, the living area is above the city-wide average (1,342 sqft), placing it in the top 18% of homes in Winnipeg for space.
2. What is the neighbourhood like for families?
Island Lakes is a mature, family-oriented community known for its network of parks, pathways, and water features. The 2004 build date means the home is relatively modern within this established setting.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes. The most recent sold price data (Aug 2024) shows a range consistent with the assessed value, but market conditions always determine the final sale price.
4. What does "renovated basement" typically include in this context?
While specifics should be verified, in homes of this age and calibre, a renovated basement usually indicates a finished space with proper flooring, drywall, and lighting, making it immediately usable as living area.
5. How does the lot size affect potential for expansion or outdoor use?
At 5,257 sqft, the lot is slightly below the neighbourhood average but is a standard urban footprint. It provides ample yard space for family activities but may have specific setback limits for major additions like a deck or garage extension.
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