65.4
Good
Property score
65.4
Good
Overall 65.4
Newer than most nearby homes
1,152 sqft (top 49%)
Built in 1978
Located in a high-income area
with median household income of ~97k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 6 dining spots, 1 school, 4 healthcare facilitys, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 50%Punjabi · 13%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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65.4 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: #46110980
$97K
Median household income
$107K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
10%
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
11 Lake Fall Place — 15 amenities found within 500 m, across 6 categories, including 6 dining (nearest 408 m), 1 education (nearest 390 m), 4 healthcare (nearest 282 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 | Bottom 38% | Bottom 6% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 11 Lake Fall Place, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 11 Lake Fall Place presents a compelling mix of space, value, and established character. With 1,152 sqft of living area, it offers more space than the average home on its street, ranking in the top 28%. Built in 1978, it is notably newer than many comparable homes in both its immediate neighborhood and the wider Waverley Heights community, suggesting potentially fewer concerns with aging core components found in older builds.
The primary appeal lies in its significant value proposition. The property's tax assessment is substantially lower than averages for both the community and the entire city, ranking in the 98th percentile for Waverley Heights. This indicates a potentially lower property tax burden relative to nearby homes. The lot, while smaller than area norms, offers a manageable outdoor space with lower maintenance demands.
This property would suit practical, value-conscious buyers. It's ideal for first-time homeowners seeking a spacious, established home in a mature neighborhood without the premium price tag. It also appeals to downsizers looking to maintain living space but reduce both property taxes and yard work. The data suggests a smart entry point into the Waverley Heights area, offering community benefits while standing out for its newer build date and favorable tax assessment.
Section 2: Frequently Asked Questions
1. What does the tax assessment ranking actually mean for me?
The assessment is significantly lower than most homes in Waverley Heights and Winnipeg. This typically translates to lower annual property taxes compared to neighbors with similar-sized homes, representing long-term savings.
2. The lot size is noted as being below average. How impactful is this?
The yard is smaller than typical for the community, which means less space for large gardens, pools, or extensive outdoor recreation. However, this also means significantly less time and money spent on landscaping and maintenance, which can be a positive for many buyers.
3. The home is newer than many in the area. What are the implications?
A 1978 build is more modern than many area homes. This can suggest updated foundational construction methods, electrical systems, and possibly less immediate need for major system overhauls (like roofing or plumbing) that older homes often require, though a thorough inspection is still essential.
4. How should I interpret the living space being "above average" for the street but "close to average" for the wider area?
It means you get a relatively spacious home within the micro-market of Lake Fall Place itself, which could be an advantage if you ever sell. In the broader context of Waverley Heights and Winnipeg, it offers a comfortable, standard amount of space that meets typical family needs.
5. Are there any red flags in this data?
The data itself doesn't show red flags, but it highlights trade-offs. The value (lower taxes) and newer build come with a smaller lot. It’s a classic balance: you are gaining in financial efficiency and interior space/newer construction, but sacrificing land size. Your personal priorities will determine if this is the right balance.
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