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
116 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 458 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 17% | Bottom 45% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 116 Lake Village Road, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1977-built home on Lake Village Road presents a practical and competitively positioned offering in the Waverley Heights neighborhood. With 920 square feet of living space and a 3,721 sqft lot, its scale is very typical for its own street but sits below the broader neighborhood and city averages for size. This creates a specific dynamic: you are purchasing a home that fits seamlessly into its immediate streetscape, often a plus for streetscape consistency and fairness in property tax assessment relative to direct neighbors.
The appeal lies in its solid, no-surprises foundation within a desirable area. The assessed value of $314K is aligned with the street average and sits below the Waverley Heights average, suggesting a potentially more accessible entry point into the neighborhood. The home’s year of construction is actually above average for the street, indicating it may be among the more recently built homes in this particular section.
This property would suit first-time buyers or downsizers seeking a manageable footprint in a well-established area without overextending financially. It’s for the buyer who values neighborhood character over sheer square footage, and who sees the benefit of a home that compares directly to its neighbors rather than standing out. The data suggests a "right-sized" home for its specific location, offering the Waverley Heights address with proportional utility costs and maintenance responsibilities.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: At 920 sqft, the living area is very close to the average (936 sqft) for Lake Village Road itself. However, it is smaller than the overall neighborhood average. This means it fits right in on its street but is a more compact option within the wider Waverley Heights area.
Q: Is the assessed value fair for the neighborhood?
A: The assessed value is around the average for the street but below the average for Waverley Heights as a whole. This can indicate a relatively favorable valuation for the area, potentially translating to a lower property tax burden than some larger homes in the same neighborhood.
Q: What does the "year built" ranking tell me?
A: Ranked in the top 12% on its street, this 1977 home is among the newer homes on Lake Village Road. This suggests potentially newer infrastructure or updates compared to immediate neighbors, though a full inspection is always recommended.
Q: Is the lot size a disadvantage?
A: The lot is slightly below the street average and more notably below the neighborhood average. This means less yard to maintain, which could be an advantage for some, but less private outdoor space than many area homes. It reflects the more compact nature of this property.
Q: How should I interpret these rankings when considering this home?
A: The data shows this is a home that aligns closely with its immediate surroundings on Lake Village Road. The key perspective is that you are buying into the neighborhood at a scale typical for this specific street, which often results in proportionate costs and a consistent community feel. It’s a strategic choice for neighborhood access over maximum space.
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