10 Lakeshore Road

Waverley Heights, Winnipeg

Property score

68.0

Good

Overall 68.0 · Older than most nearby homes

1,176 sqft (top 44%) · Built in 1976 (2 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 5 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby

Living Area

Near average

5% smaller than neighborhood avg.

Year Built

Below average

2 yrs older than neighborhood avg.

Mother tongue

English · 62%Punjabi · 6%

Past 10 years Waverley Heights sales snapshot (~80% of all data)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

68.0 is composed by the two sections below.

Property Score

63.4Fair
Living Area1,176 sqft60Fair
Year Built197667Good
Lot Size5,828 sqft74Good
Neighbourhood Sales Activity59Fair

Community Score

74.9Good
Household Income85Excellent
Education Level54Fair
Housing Stress74Good
Core Housing Need100Excellent
Employment Health42Low

Neighbourhood Sales

Waverley Heights

How to read: Share of sales in each ~$50k price band for “waverley heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111191

Community deep dive

$100K

Median household income

$98K

Average household income

10%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.4

P90 / P10 ratio

13%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)423
Labour force participation rate55%
Median age42.0
Avg household size2.9
Unemployment rate11%
Population density2643 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households13%
Couple families with children26%
Median household income (2020)$100K

Housing

Renter households10%
Condominium dwellings0%
Median dwelling value (owners)$384K

Diversity, education & language

Immigrants (share of pop.)26%
Visible minority46%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 61%
Mother tongue (2nd)Punjabi · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,176 sqft
0255075100
Same streetBottom 13%Same areaTop 44%CitywideBottom 48%
Same street · Lakeshore Road
#34 / 39
Bottom 13% · Avg 1,524 sqft
Same area · Waverley Heights
#711 / 1,633
Top 44% · Avg 1,239 sqft
Citywide · Winnipeg
#101,971 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

around average
365k
0255075100
Same streetBottom 1%Same areaBottom 32%CitywideTop 49%
Same street · Lakeshore Road
#39 / 39
Bottom 1% · Avg 453.2k
Same area · Waverley Heights
#1,118 / 1,633
Bottom 32% · Avg 398.1k
Citywide · Winnipeg
#94,553 / 194,458
Top 49% · Avg 390.1k

Year Built

above average
1976
0255075100
Same streetTop 8%Same areaBottom 26%CitywideTop 39%

Lot Size

around average
5,828 sqft
0255075100
Same streetBottom 36%Same areaBottom 46%CitywideTop 36%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

10 Lakeshore Road — 14 amenities found within 500 m, across 8 categories, including 5 dining (nearest 448 m), 1 education (nearest 171 m), 1 healthcare (nearest 416 m).

Search radius
🍽️Dining5
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks3
🏦Finance1
Fuel Stations1
Worship1

Crime & Safety

Waverley Heights · WPS public data · 2026

Annual incidents

14

2026

vs. city avg

-53%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

50%

Sales History

Sold 8/2022CA$350k–400k
Sold price

Same street

Bottom 40%

Same area

Top 30%

City-wide

Top 36%

Related homes

Highlights & common questions: 10 Lakeshore Road, Winnipeg

Property Summary: 10 Lakeshore Road, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1976-built home on Lakeshore Road presents a distinct value proposition within the desirable Waverley Heights neighborhood. Its key characteristic is its position as a more modest and affordable entry point on a street of larger, higher-value homes. With 1,176 sqft of living space and an assessed value of $365k, it sits below the street averages for both size and price. This creates its primary appeal: access to a prime location and streetscape without the typical premium. The lot size of 5,828 sqft is consistent with the area and offers good outdoor potential.

The property would suit practical buyers seeking value and opportunity. It’s ideal for first-time homeowners or downsizers who prioritize location over sheer square footage and are comfortable with a home that may require updates. It also appeals to value-conscious investors or buyers with a vision for renovation, as the lower price point allows room for a personalized upgrade while remaining in a competitive area. A less obvious perspective is that its smaller scale can mean lower utility costs and less maintenance, offering a simpler lifestyle in an established community.

Section 2: Frequently Asked Questions

1. Is this the smallest home on the street?
Effectively, yes. The data ranks it 34th out of 39 for living area on Lakeshore Road, meaning it is among the most compact homes on this particular street.

2. Why is the assessed value ranked at the bottom of the street?
The assessed value ranking reflects that this home is valued lower than its neighbors on Lakeshore Road, which have an average assessed value of $453.2k. This is typically due to a combination of its smaller size and potentially differing condition or features.

3. How does it compare to the wider neighborhood?
Within the broader Waverley Heights area, the home is much more aligned with averages. Its living area and assessed value are both around the neighborhood median, suggesting it’s a typical offering for the community, just a standout value on its own street.

4. The home was built in 1976. Is that older than most in the area?
Interestingly, no. While it’s newer than most on its street (ranked 3rd newest out of 39), it is slightly older than the average home in Waverley Heights (1978) and slightly newer than the Winnipeg citywide average (1966).

5. What does the land area allow for?
At just under 6,000 sqft, the lot is standard for the neighborhood. It provides ample backyard space for gardening, recreation, or additions, and is consistent with the typical suburban lot size in this part of Winnipeg.

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