Matlock, Manitoba
Matlock had a population of 11,723, a median household income of $106,000, 96% of households owning their home at the 2021 Census of Population.
Matlock is a small lakeside cottage-and-cabin neighbourhood on the southwest shore of Lake Winnipeg (about an hour north of Winnipeg), characterized by seasonal recreation properties, a modest year-round resident base, and a strong summer population tied to boating, fishing, and beach activity. Demographics skew toward retirees, trades and service workers commuting to nearby communities, and Winnipeg-area second-home owners; housing stock is dominated by detached homes, cottages, and mobile/manufactured homes on larger lots, with limited multi-family inventory.
Key amenities are recreation-led (lake access, marinas/boat launches, beaches and trails) with day-to-day services typically accessed in nearby towns; schooling options are limited locally and families often rely on surrounding districts for K–12. Transit is car-dependent with no practical local public transit, and demand is highly seasonal, with peak rental and resale interest in spring/summer. Real estate trends tend to track Manitoba’s recreational market: price growth can be uneven year to year, but gross yields can be attractive for investors who can operate short-term or seasonal rentals and manage vacancy risk, winterization costs, and insurance constraints associated with waterfront/cottage properties.
Limited market data is available for Matlock right now, with only a small number of active listings to gauge pricing and demand across the community. Current asking prices and days on market should be read as early signals rather than firm benchmarks, as values can vary widely between waterfront and near-lake properties versus more modest inland homes and cottages, and a single new listing can shift the overall picture quickly. Buyers and investors should watch for fresh inventory and compare properties by location, lot type, and year-round versus seasonal use to understand where negotiating room may exist.
AI-written commentary on the active MLS® listing snapshot as of September 11, 2026. Not financial advice.
Walk Score 13 · Bike Score 32
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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