15 Lake Grove Bay

Waverley Heights, Winnipeg

Property score

69.6

Good

Overall 69.6 · Compared with neighbourhood average

1,130 sqft (bottom 45%) · Built in 1977 (1 yr older than avg)

Located in a above-average income area with median household income of ~87k

Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park nearby

Living Area

Near average

9% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 48%Punjabi · 15%

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

69.6 is composed by the two sections below.

Property Score

63.4Fair
Living Area60
1,130 sqftFair
Year Built67
1977Good
Lot Size74
5,772 sqftGood
Neighbourhood Sales Activity59
Fair

Community Score

79.0Good
Household Income79
Good
Education Level72
Good
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

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.

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: #46110979

Community deep dive

$87K

Median household income

$96K

Average household income

13%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

18%

Single-person households

31%

Families with children

Population, labour & age

Population (2021)703
Labour force participation rate67%
Median age34.4
Avg household size2.9
Unemployment rate7%
Population density4393 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households18%
Couple families with children31%
Median household income (2020)$87K

Housing

Renter households14%
Condominium dwellings4%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)38%
Visible minority58%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 47%
Mother tongue (2nd)Punjabi · 15%

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

Rankings

Living Area

around average
1,130 sqft
0255075100
Same streetBottom 37%Same areaBottom 45%CitywideBottom 43%
Same street · Lake Grove Bay
#35 / 56
Bottom 37% · Avg 1,383 sqft
Same area · Waverley Heights
#904 / 1,633
Bottom 45% · Avg 1,239 sqft
Citywide · Winnipeg
#110,983 / 194,458
Bottom 43% · Avg 1,342 sqft

Tax-Assessed Value

around average
405k
0255075100
Same streetBottom 20%Same areaTop 46%CitywideTop 37%
Same street · Lake Grove Bay
#45 / 56
Bottom 20% · Avg 436.8k
Same area · Waverley Heights
#749 / 1,633
Top 46% · Avg 398.1k
Citywide · Winnipeg
#72,157 / 194,458
Top 37% · Avg 390.1k

Year Built

around average
1977
0255075100
Same streetBottom 14%Same areaBottom 49%CitywideTop 37%

Lot Size

around average
5,772 sqft
0255075100
Same streetBottom 21%Same areaBottom 41%CitywideTop 37%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

15 Lake Grove Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 146 m), 1 parks (nearest 244 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%

Sales History

15 Lake Grove Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 15 Lake Grove Bay, Winnipeg

Property Overview & Key Characteristics

This single-storey home in Waverley Heights is defined by its generous, mature lot and a recently renovated basement. Built in 1977, its primary appeal lies in its established neighbourhood setting and the value of its land, which is notably larger than many properties on the same street and within the wider area. The renovated basement adds functional living space to the 1,130 sqft main floor. With an attached garage and no pool, it presents as a practical, low-maintenance property.

The home is well-suited for first-time buyers or downsizers seeking a solid, move-in-ready foundation in a quiet, established community without the premium of a new build. Its appeal is more about space and practicality than modern luxury. A thoughtful perspective is that while the home itself is of average size for the area, the above-average lot size offers relative rarity and potential for future enjoyment or expansion, which isn't always apparent in listings for older homes.


Frequently Asked Questions

1. How does the lot size compare to newer neighbourhoods?
At 5,772 sqft, the lot is significantly larger than those typically found in newer suburban developments, offering more private outdoor space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the selling agent to understand the quality and functionality of the added space.

3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $40.5k is for municipal tax purposes. Market value is determined by recent sales of comparable homes, like the similar-valued properties listed, and current demand.

4. The home is older; what major systems might need attention?
Given the age, a buyer should proactively investigate the condition of the roof, windows, and major mechanical systems (furnace, water heater) during the inspection process.

5. How does this home rank for living area within Waverley Heights?
The living area is in the middle range for the neighbourhood, ranking near the top 49%. This indicates it's a comfortably sized home for the area but not among the largest.