127 Swan Lake Bay

Waverley Heights, Winnipeg

Property score

60.5

Fair

Overall 60.5 · Smaller but newer than most nearby homes

960 sqft (bottom 18%) · Built in 1978

Located in a high-income area with median household income of ~106k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 park nearby

Living Area

Below average

22% smaller than neighborhood avg.

Taon ng Paggawa

Above average

0 yrs newer than neighborhood avg.

Mother tongue

English · 60%Chinese · 7%

Past 10 years Waverley Heights sales snapshot (~80% of all data)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

60.5 is composed by the two sections below.

Property Score

49.5Low
Living Area960 sqft42Low
Taon ng Paggawa197867Good
Lupa4,225 sqft53Fair
Neighbourhood Sales Activity59Fair

Community Score

77.1Good
Household Income87Excellent
Education Level63Fair
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Istatistika ng benta ng komunidad

Waverley Heights

How to read: Share of sales in each ~$50k price band for “waverley heights” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110977

Community deep dive

$106K

Median household income

$112K

Average household income

11%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.4

P90 / P10 ratio

13%

Single-person households

40%

Families with children

Population, labour & age

Population (2021)436
Labour force participation rate56%
Median age39.2
Avg household size2.9
Unemployment rate5%
Population density3353 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households13%
Couple families with children40%
Median household income (2020)$106K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$380K

Diversity, education & language

Immigrants (share of pop.)30%
Visible minority34%
Bachelor's or higher (25–64)32%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Chinese · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

mas mababa sa average
960 sqft
0255075100
Same streetBottom 24%Same areaBottom 18%CitywideBottom 22%
Same street · Swan Lake Bay
#35 / 46
Bottom 24% · Avg 1,158 sqft
Same area · Waverley Heights
#1,333 / 1,633
Bottom 18% · Avg 1,239 sqft
Citywide · Winnipeg
#150,758 / 194,458
Bottom 22% · Avg 1,342 sqft

Assessed Value

karaniwan
364k
0255075100
Same streetBottom 4%Same areaBottom 31%CitywideTop 49%
Same street · Swan Lake Bay
#44 / 46
Bottom 4% · Avg 412.7k
Same area · Waverley Heights
#1,123 / 1,633
Bottom 31% · Avg 398.1k
Citywide · Winnipeg
#95,199 / 194,458
Top 49% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1978
0255075100
Same streetBottom 48%Same areaTop 18%CitywideTop 35%

Lupa

karaniwan
4,225 sqft
0255075100
Same streetBottom 4%Same areaBottom 23%CitywideBottom 30%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

127 Swan Lake Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 454 m), 1 parks (nearest 167 m).

Search radius
🏫Education1
🌳Parks1

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 11/2019CA$250k–300k
Presyo ng benta

Parehong kalye

Bottom 7%

Parehong lugar

Bottom 22%

Buong lungsod

Bottom 36%

Related homes

Mga tampok at karaniwang tanong: 127 Swan Lake Bay, Winnipeg

Property Summary: 127 Swan Lake Bay

Section 1: Key Characteristics & Appeal

This 960 sqft bungalow, built in 1978, presents a practical and affordable entry point into the established Waverley Heights neighborhood. Its primary appeal lies in its value proposition: the home is assessed significantly below the street average ($364k vs. $412.7k) and sits on a modest, manageable 4,225 sqft lot. This combination suggests lower property taxes and less maintenance burden compared to larger lots on the same desirable street.

The home suits first-time buyers, downsizers, or value-focused investors seeking a foothold in a mature area without the premium price tag of a larger property. While the living space is compact relative to area averages, the year built is notably above average for the wider neighborhood, indicating a potentially newer build than many surrounding homes. A thoughtful perspective is that this property offers the location and street appeal of Swan Lake Bay, but with the ongoing costs and upkeep of a more modest footprint—an ideal balance for those prioritizing financial efficiency over sheer space.

Section 2: Frequently Asked Questions

Q: Is the smaller living area a concern?
A: The 960 sqft layout is below average for the street, neighborhood, and city. This indicates a compact, efficient floor plan. It’s a trade-off that contributes to the home’s more accessible price point.

Q: Why is the assessed value so much lower than the street average?
A: The assessed value of $364k ranks in the top 96% on its street (meaning it's one of the lowest). This is directly influenced by the smaller living area and lot size compared to neighbors, which are key factors in municipal assessment.

Q: What does the "above average" year built for the neighborhood mean?
A: Built in 1978, this home is newer than roughly 82% of comparable homes in Waverley Heights. This can be an advantage, potentially meaning newer construction materials, wiring, or plumbing standards than older area homes.

Q: Is the lot size too small?
A: The lot is significantly smaller than others on Swan Lake Bay. For some, this means less yard work and lower outdoor maintenance. For others, it may limit expansion, gardening, or privacy. It is, however, close to the citywide average.

Q: How should I interpret these rankings?
A: The rankings compare this specific property to similar homes in three circles: its immediate street, the wider neighborhood, and all of Winnipeg. They highlight where this home offers value (price, newer build) and where it makes compromises (size of home and lot) relative to its peers.

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