Property score
83.7
Excellent
Overall 83.7 · Older than most nearby homes
1,743 sqft (top 38%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Near average
7% larger than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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83.7 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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 Waterfront Road — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 295 m), 1 parks (nearest 219 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 40% | Top 26% | Top 16% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Bottom 41% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Waterfront Road, Island Lakes
Key Characteristics & Appeal
This 1986 four-level split home at 71 Waterfront Road is a solid, well-positioned property in the Island Lakes neighbourhood. Its primary appeal lies in its generous lot size—over 10,000 sqft, which places it in the top 17% on its street and top 8% in the neighbourhood. This offers significant outdoor space and potential, a notable advantage over many newer builds. The home itself, at 1,743 sqft of living area, is comfortably above the city-wide average and features an attached garage and a renovated basement.
The property’s assessed value ranks consistently above average across street, neighbourhood, and city comparisons, suggesting it is viewed as a substantial asset. While the home’s age is around average for the street, it is older than many in Island Lakes, indicating a character home in a mature, established setting rather than a newer subdivision. This home would suit buyers looking for a spacious lot in a popular neighbourhood, who may value the room to grow, garden, or expand over having a brand-new build. It’s also a strong candidate for someone who appreciates a home with a proven value history and the potential to add value through updates over time.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at 10,021 sqft. It is significantly larger than the average lot in Island Lakes (approx. 7,418 sqft) and the city-wide average, offering exceptional outdoor space.
2. Is the home’s age a concern?
Built in 1986, the home is older than the neighbourhood average but is around the median age for its specific street. This suggests well-established surroundings and mature landscaping, but prospective buyers should factor in the potential for age-related maintenance or updates.
3. How has the property’s value changed over time?
Based on available data, the sold price increased from a range of $39.5k-$42.5k in 2016 to $48.5k-$51.5k in 2021. Its current assessed value of $50.40k continues this trend of above-average valuation.
4. What does the “four-level split” layout mean for daily living?
This style typically features multiple short flights of stairs, creating distinct living zones across four half-levels. It can offer good separation of space (e.g., bedrooms away from living areas) but may be less suitable for those seeking single-level living.
5. How does this home rank within its immediate area?
The home ranks above average for lot size and assessed value on its street. Its living space is around the street average, making it a competitively sized home on a larger-than-usual parcel of land in the Island Lakes community.
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