Housing

Average Sales Price (2024)

• Residential Detached $589,159
• Condominiums $529,772

Island Lakes, Royalwood, and Bonavista are desirable southeast Winnipeg neighborhoods known for their modern suburban appeal and ample green spaces. Housing in these communities typically consists of single-family homes built with contemporary styles, open-concept layouts, and a strong emphasis on curb appeal. Many properties feature attached garages, fenced yards, and landscaped lots that highlight the neighborhoods’ natural surroundings.

Island Lakes, established in the late 1980s and 1990s, offers a variety of home styles, including bungalows, two-story builds, and split-levels. Many residences are situated around man-made lakes, providing scenic water views and walking paths for residents. This established area appeals to families seeking mature streetscapes and access to nearby schools and parks.

Royalwood, developed primarily in the early 2000s, is characterized by its slightly higher-end homes. Here, you’ll find spacious two-story designs, bungalows with luxury finishes, and even custom builds. Wooded areas and ample green space contribute to a tranquil atmosphere. Royalwood’s layout focuses on preserving natural elements, resulting in walking trails and parkettes that weave through the neighborhood.

Bonavista, one of the newer communities in the area, showcases modern architectural trends with contemporary exteriors, energy-efficient features, and thoughtful landscaping. Sidewalk-lined streets and integrated trails reflect the developer’s commitment to walkability and a family-friendly environment. Many homes include advanced building materials, open floor plans, and flexible spaces tailored to today’s lifestyles.

Condominiums, both townhouse-style, attached, detached and apartment-style are available in each neighbourhood.

Overall, these three neighbourhoods cater to those seeking a balance between suburban comfort and proximity to urban amenities. With varying styles, lot sizes, and price points, Island Lakes, Royalwood, and Bonavista collectively offer housing options that suit a range of preferences while maintaining a welcoming, community-focused atmosphere.