Property score
58.3
Fair
Overall 58.3 · 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 ~83k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 3 healthcare facilitys, 1 shop, and 1 park nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 56%Punjabi · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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58.3 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: #46110978
$83K
Median household income
$79K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
22%
Single-person households
26%
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
112 Lake Village Road — 14 amenities found within 500 m, across 6 categories, including 7 dining (nearest 311 m), 3 healthcare (nearest 309 m), 1 shopping (nearest 449 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 26% | Bottom 39% | Bottom 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Bottom 23% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 32% | Bottom 14% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 112 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 920 sqft bungalow at 112 Lake Village Road presents a practical and competitively positioned home in the Waverley Heights neighborhood. Built in 1977, it is notably newer than many city-wide comparables. Its primary appeal lies in its efficient scale and value proposition. While the living area and lot size (3,738 sqft) are below the broader neighborhood and city averages, they are much more aligned with the specific character of Lake Village Road itself, where homes are generally more compact. This creates an interesting dynamic: you are purchasing in a well-regarded area, but at a scale and price point that reflects a more modest, manageable property.
The assessed value of $307k sits around the average for its immediate street and city-wide, but is notably below the average for Waverley Heights as a whole. This suggests an opportunity to access the neighborhood at a lower entry point. The home would suit first-time buyers seeking a foothold in a established area, downsizers looking to right-size without leaving the community, or pragmatic investors seeking a property with fundamentals that align closely with its immediate surroundings rather than grander area averages.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: It’s important to distinguish between its street and the wider neighborhood. At 920 sqft, it’s very close to the average for Lake Village Road itself (~936 sqft), but smaller than the typical Waverley Heights home (~1,239 sqft). This indicates the street has a consistent, more compact character.
Q: Is the assessed value a good indicator of its market price?
A: The $307k assessment is a municipal valuation for tax purposes, not a market appraisal. However, its position—average for the street but below the neighborhood average—highlights its relative value within Waverley Heights.
Q: What does the year built tell us?
A: Built in 1977, it is newer than the city-wide average for comparable homes (1966) and is among the newer homes on its own street. This can suggest potentially fewer issues with outdated materials or systems common in older builds.
Q: Is the lot size a disadvantage?
A: The 3,738 sqft lot is smaller than many in the city and neighborhood, but is again typical for Lake Village Road. It offers lower maintenance than a larger lot, which can be a benefit for many buyers.
Q: How should we interpret these rankings and comparisons?
A: They provide context. The data shows this property is not an outlier; it fits comfortably within the profile of its immediate street. This can mean predictable property taxes and a community of similar homes, but also less space than you might find elsewhere in the area.
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