Property score
61.3
Fair
Overall 61.3 · Smaller than most nearby homes
920 sqft (bottom 13%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 48%Punjabi · 15%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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61.3 is composed by the two sections below.
Property Score
Community Score
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.
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: #46110979
$87K
Median household income
$96K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
Single-person households
31%
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
103 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 364 m), 1 education (nearest 465 m), 3 healthcare (nearest 364 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 22% | Bottom 41% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 103 Lake Village Road
Key Characteristics & Appeal
This 920 sqft bungalow, built in 1977, presents a practical and affordable entry point into Winnipeg’s Waverley Heights neighborhood. Its core appeal lies in its relative value and position as a well-maintained, average-sized home on its own street. While its living space and lot size (4,085 sqft) are modest compared to the broader, more affluent neighborhood averages, this translates to a lower assessed value ($305k) and a manageable scale.
The property suits first-time buyers, downsizers, or practical investors seeking a lower-maintenance footprint without sacrificing location. A thoughtful perspective is that it offers neighborhood amenities and prestige at a more accessible price, representing a "right-sized" option in an area where many homes are larger and more expensive. Its above-average age ranking on its street suggests it is one of the more established homes, potentially with mature landscaping and a settled streetscape.
Frequently Asked Questions
1. Is this home smaller than others in Waverley Heights?
Yes. At 920 sqft, the living area is below the neighborhood average (~1,239 sqft). However, on its specific street (Lake Village Road), it is very close to the average size (936 sqft).
2. How does the assessed value compare?
The home’s assessed value of $305k is below the Waverley Heights average but is around average for the city overall and for Lake Village Road itself. This indicates you are paying primarily for location and land value here.
3. What does the lot size mean for me?
At just over 4,000 sqft, the lot is smaller than many in Winnipeg but is actually slightly larger than the average for Lake Village Road. It provides a decent outdoor space that is manageable for gardening or recreation without being burdensome to maintain.
4. Is the 1977 build date a concern?
The home is of a typical age for its street and neighborhood. Its ranking shows it is actually newer than many homes on Lake Village Road. As with any home of this era, a thorough inspection of major systems (roof, wiring, plumbing, insulation) is recommended.
5. Who would this property not suit?
Buyers seeking a large, modern home with expansive rooms and a very big yard may find it too compact. It’s best for those who prioritize location and value over sheer square footage.
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