80.0
Excellent
Property score
80.0
Excellent
Overall 80.0
Newer than most nearby homes
1,490 sqft (bottom 32%)
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
9% 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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80.0 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
78 Nordstrom Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 468 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 7% | Top 10% | Top 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 37% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 78 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a well-maintained, modern bungalow built in 2007, offering a renovated basement and an attached garage. Its key appeal lies in its balance of contemporary age and manageable size. At 1,490 sqft of living space, it is notably smaller than most homes on its street and in the Island Lakes area, which translates to less upkeep and lower utility costs—a practical advantage for those seeking efficiency. The assessed value is strong citywide (ranking in the top 20%), suggesting good municipal valuation relative to Winnipeg overall, though it is more average within its own desirable neighbourhood.
The property would suit first-time buyers or downsizers looking for a modern, single-level living option in a mature, established community without the maintenance of a larger, older home. Its smaller lot size (4,637 sqft) means less yard work, appealing to those who prefer low-maintenance outdoor spaces or who prioritize indoor living space and community amenities over extensive gardening.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
The living area is below the average for Nordstrom Drive and Island Lakes. This means the home is more compact and efficient than many in the immediate area, which can be a benefit for cost-conscious buyers.
2. The assessed value seems high for the size. Why?
While the assessed value is below average on its own street, it ranks in the top 20% citywide. This indicates that the combination of its modern build year (2007), renovated basement, and desirable Island Lakes location carries significant value across the broader Winnipeg market.
3. What does the sale history indicate?
The home sold in 2021 and again in 2022. The price increased notably between those sales, reflecting the strong market of that period. This history shows the property has been in demand in the recent past.
4. Is the lot size a disadvantage?
The land area is smaller than most in Island Lakes. This limits expansive outdoor possibilities but reduces maintenance responsibilities. It’s a trade-off that aligns with a low-maintenance lifestyle.
5. How modern is this home compared to Winnipeg overall?
With a 2007 build year, it ranks as newer than 87% of homes citywide. In Island Lakes, it’s in the top 2% for year built, making it one of the newest homes available in this neighbourhood.
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