Property score
52.2
Fair
Overall 52.2 · Smaller than most nearby homes
720 sqft (bottom 5%) · Built in 1955 (5 yrs older than avg)
Located in a above-average income area with median household income of ~73k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 8 dining spots, 3 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 58%Punjabi · 5%
Past 10 years Maybank sales snapshot (~80% of all data)
345
325k
$326/sqft
1960
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52.2 is composed by the two sections below.
Property Score
Community Score
Maybank
How to read: Share of sales in each ~$50k price band for “maybank” (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: #46110435
$73K
Median household income
$92K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
22%
Single-person households
19%
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
1029 Waller Avenue — 23 amenities found within 500 m, across 7 categories, including 8 dining (nearest 130 m), 3 education (nearest 218 m), 1 healthcare (nearest 477 m).
Maybank · WPS public data · 2026
Annual incidents
10
2026
vs. city avg
-66%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
90%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 26% | Top 21% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 1029 Waller Avenue in Winnipeg’s Maybank neighbourhood presents a distinct value proposition centered on its land. Built in 1955, the 720 sqft house is modest in size, ranking below average for living space both locally and city-wide. Its assessed value is consistently around the average for its immediate area. The defining and exceptional characteristic is the lot: at just under 9,000 sqft, it ranks in the top 1% on its street and top 3% in Maybank for land area. This creates a notable imbalance between the scale of the house and the potential of its property. It last sold between $350k-$400k in 2023.
Key Characteristics & Appeal
The primary appeal here is the expansive, rare lot size within a mature neighbourhood. The house itself is a compact, no-frills post-war bungalow, likely requiring updates. Its value lies not in its current condition or size, but in its underlying asset—the land. This property would suit a specific buyer: either someone seeking a large, private outdoor space for gardens, recreation, or pets with a simple home to gradually renovate, or an investor/developer who sees long-term potential in the lot itself. It’s a “footprint-in-the-ground” opportunity where you’re primarily purchasing land, with a functional house included. For buyers wanting immediate move-in condition or maximum interior space, this is not the best fit.
Frequently Asked Questions
1. Is the house in good condition?
The listing does not specify condition, but the 1955 build date and modest assessed value suggest it’s a basic, older home likely needing modernization. A thorough inspection is essential.
2. Why is the lot so much larger than others?
This isn’t detailed, but it’s a characteristic of some older subdivisions where lot sizes varied more. It represents a rare find in today’s market where newer lots are typically smaller.
3. What could the large lot be used for?
Uses could include extensive gardening, adding a large garage or workshop, creating outdoor living spaces, or, subject to zoning and city approvals, future expansion or redevelopment. The lot is the main asset.
4. How does the 2023 sale price relate to the assessed value?
The sale price ($350k-$400k) is significantly higher than the ~$35k assessed value. This is normal; assessed value for municipal tax purposes is not market value. The sale price reflects the market value of both the land and the house.
5. What are the immediate next steps if interested?
Verify all development and zoning bylaws with the city to understand the full potential and any restrictions on the lot. Then, arrange a viewing to assess the home’s condition and truly grasp the size and layout of the unique property.
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