Property score
72.0
Good
Overall 72.0 · Smaller than most nearby homes
1,175 sqft (bottom 9%) · Built in 1993 (2 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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72.0 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: #46111195
$98K
Median household income
$110K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
22%
Single-person households
32%
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
8 Lagace Place — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 344 m), 2 parks (nearest 252 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 | Bottom 1% | Bottom 7% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 8 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Its key characteristics include 1,175 sqft of living area, a renovated basement, an attached garage, and a generous 7,073 sqft lot. Built in 1993, it is one of the newer homes on its street. The appeal lies in its balance: it's a manageable size for maintenance while sitting on a larger-than-average lot for the neighbourhood, offering good outdoor space. The renovated basement adds valuable finished living area.
The home would suit first-time buyers or downsizers seeking a single-level layout in a mature, established community. Its assessed value is strong citywide, suggesting good value retention. A thoughtful perspective is that while the living space is modest for the immediate area, this can mean lower utility costs and less upkeep, allowing owners to enjoy the substantial yard and community amenities. It represents a solid entry point into a desirable neighbourhood known for its lakes and pathways.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
While the living area is below the average for Island Lakes, it is very close to the average for all of Winnipeg. The lot size, however, is significantly larger than both neighbourhood and city averages, which is a notable feature.
2. What does the "above average" citywide assessed value indicate?
This suggests that, compared to all Winnipeg homes, this property holds a relatively high assessed value percentile. It can indicate good value retention and a solid investment relative to the broader market.
3. The home sold in 2016 for a much lower price. Is the current price justified?
The 2016 sale price is historical data and may not reflect significant updates (like the basement renovation) or overall market shifts over nearly a decade. Current value is better gauged by recent comparable sales and the assessed value.
4. Who would this property not be ideal for?
It may not suit buyers who prioritize expansive interior square footage over yard space or those needing multiple large bedrooms, as the one-storey footprint can limit room sizes.
5. How can I get the exact historical sale price?
The exact sold price is not published publicly. You can request it directly via the email prompt on the listing page; the service provides the accurate figure manually at no cost and without marketing spam.
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