Property score
82.3
Excellent
Overall 82.3 · Newer than most nearby homes
1,517 sqft (bottom 36%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
7% smaller 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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82.3 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
87 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 321 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 24% | Bottom 30% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 87 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2004, presents a balanced offering in the established Island Lakes neighbourhood. Its key appeal lies in its relative modernity and above-average citywide positioning, combined with the quiet convenience of suburban living. With 1,517 sqft of living space and a renovated basement, the home offers functional space for a family, though it is slightly more compact than many direct neighbours on Frigate Bay. The attached garage and a standard 5,510 sqft lot round out the practical features.
The home’s value perspective is nuanced. While its size is modest for the immediate street, it ranks well above the Winnipeg average, suggesting a efficient use of space in a desirable area. Its assessed value follows a similar pattern—positioned around the middle for Island Lakes but within the top quarter citywide. This indicates you are paying for the location and a newer build year more than sheer square footage. It would suit first-time buyers or downsizers seeking a low-maintenance, modern home in a mature neighbourhood with parks and waterways, without the premium for a largest-in-class property. The renovated basement adds valuable flexible space, appealing to those who want move-in-ready functionality.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,517 sqft, the living area is below the average for Frigate Bay itself but is very close to the average for the broader Island Lakes community and is above the overall Winnipeg average. It offers a comfortable size in a sought-after location.
2. What does the assessed value tell me about this property?
The assessed value of $48.90k (note: this likely represents a provincial assessment value, not a market price) is around average for Island Lakes. However, it places the property in the top 22% citywide, highlighting the relative premium of the neighbourhood.
3. Is the home considered modern for Winnipeg?
Yes. Built in 2004, it is newer than approximately 85% of homes across Winnipeg and is on par with or newer than most in the Island Lakes area, suggesting potentially fewer major maintenance concerns in the near term.
4. What is the lot size like?
The lot is 5,510 sqft, which is typical for the street and slightly below the city average. It provides standard suburban outdoor space without extensive yard maintenance.
5. Where can I find the exact historical sale price?
The listed sale price ranges are based on public data. For precise sale price history, you can request the information directly via the email prompt provided on the listing page.
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