Property score
51.8
Fair
Overall 51.8 · Smaller but newer than most nearby homes
666 sqft (bottom 7%) · Built in 1985 (4 yrs newer than avg)
Located in a above-average income area with median household income of ~73k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
4 yrs newer than neighborhood avg.
Mother tongue
English · 57%Chinese · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
75
155k
$212/sqft
1981
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51.8 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” (Condos, 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: #46110973
$73K
Median household income
$83K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
22%
Single-person households
28%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
1103-30 Lake Crest Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 403 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 1% | Bottom 1% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This is a compact, one-bedroom condominium unit in the well-established Waverley Heights neighbourhood. Built in 1985, the 666 sqft residence is notable for its exceptionally low property taxes, as reflected in its assessed value of $12,400. It appeals primarily as an affordable entry point into homeownership in a mature, convenient area of Winnipeg. The unit sold very recently in December 2024.
Key Characteristics & Appeal
The defining characteristic of this property is its ultra-low carrying cost. With an assessed value and recent sale price significantly below typical area listings, it offers one of the most accessible ownership opportunities in the city. This is not a feature-rich luxury condo, but a practical and financially streamlined option.
Its appeal lies squarely in affordability and location. It suits first-time buyers seeking to build equity with minimal overhead, investors looking for a low-cost rental unit, or downsizers prioritizing fixed monthly expenses over space. The Waverley Heights location provides established greenery and convenience to major routes, shopping, and the University of Manitoba.
A less obvious perspective is that this unit represents a "value play" in a high-interest rate environment, where low principal cost can outweigh the benefits of a larger, more expensive mortgage. It also offers a way to enter a desirable neighbourhood where the typical single-family homes are out of reach, allowing an owner to benefit from the area without the price tag.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes in the area?
This is a small, one-bedroom condominium unit, not a single-family house. The assessment reflects the unit's modest size, age, and condominium structure, which results in significantly lower property taxes compared to the larger detached homes surrounding it.
2. What does "No Basement" and "Garage None" mean for this property?
As a condominium unit, it is a self-contained living space within a larger building. It does not include a private basement or garage. Parking and storage would be governed by the condominium corporation's rules and may involve shared or assigned spaces.
3. The living area is 666 sqft. What does that typically include?
This square footage encompasses the entire private interior space of the condominium unit. It generally includes the living room, bedroom, kitchen, and bathroom. All common areas (hallways, grounds, laundry rooms if shared) are not part of this private measurement.
4. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is responsible for the maintenance, repair, and insurance of the building's exterior and common elements. The owner is responsible for the interior of their unit and pays a monthly condominium fee to cover the shared costs.
5. The recent sale was very close to the assessed value. Is that typical?
While sale prices often differ from assessed values, a close alignment can indicate a market-driven, arms-length transaction. It suggests the sale price was viewed as fair by both buyer and seller, reflecting the unit's market value at that time without a significant premium or discount.
