15 Lake Island Crescent

Waverley Heights, Winnipeg

Property score

78.6

Good

Overall 78.6 · Larger and newer than most nearby homes

1,451 sqft (top 22%) · Built in 1978

Located in a high-income area with median household income of ~104k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 2 parks nearby

Living Area

Above average

17% larger than neighborhood avg.

Year Built

Above average

0 yrs newer than neighborhood avg.

Mother tongue

English · 59%Chinese · 10%

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

78.6 is composed by the two sections below.

Property Score

74.1Good
Living Area75
1,451 sqftGood
Year Built67
1978Good
Lot Size85
6,509 sqftExcellent
Neighbourhood Sales Activity59
Fair

Community Score

85.3Excellent
Household Income86
Excellent
Education Level82
Excellent
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health76
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: #46110976

Community deep dive

$104K

Median household income

$125K

Average household income

8%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.1

P90 / P10 ratio

13%

Single-person households

37%

Families with children

Population, labour & age

Population (2021)567
Labour force participation rate69%
Median age40.8
Avg household size3.0
Unemployment rate8%
Population density2362 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households13%
Couple families with children37%
Median household income (2020)$104K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority31%
Bachelor's or higher (25–64)49%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Chinese · 9%

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

Rankings

Living Area

above average
1,451 sqft
0255075100
Same streetTop 22%Same areaTop 22%CitywideTop 33%
Same street · Lake Island Crescent
#5 / 23
Top 22% · Avg 1,236 sqft
Same area · Waverley Heights
#364 / 1,633
Top 22% · Avg 1,239 sqft
Citywide · Winnipeg
#64,682 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

above average
452k
0255075100
Same streetTop 22%Same areaTop 19%CitywideTop 28%
Same street · Lake Island Crescent
#5 / 23
Top 22% · Avg 436k
Same area · Waverley Heights
#316 / 1,633
Top 19% · Avg 398.1k
Citywide · Winnipeg
#54,496 / 194,458
Top 28% · Avg 390.1k

Year Built

Elite
1978
0255075100
Same streetTop 4%Same areaTop 18%CitywideTop 35%

Lot Size

above average
6,509 sqft
0255075100
Same streetTop 30%Same areaTop 33%CitywideTop 22%

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 Island Crescent — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 162 m), 2 parks (nearest 230 m).

Search radius
🏫Education2
🌳Parks2

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 Island Crescent: 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 Island Crescent, Winnipeg

Property Overview

This well-situated home at 15 Lake Island Crescent in Waverley Heights presents a compelling opportunity. Built in 1978, it offers a generous 1,451 sqft of living space on a sizable 6,509 sqft lot, with an assessed value of $452k. The data reveals a property that consistently performs above average within its immediate street and neighborhood context, suggesting a home that is both a comfortable living space and a sound local investment.

Key Characteristics & Appeal

The primary appeal of this property lies in its strong standing within the established Waverley Heights community. It isn't just an average home for the area; it ranks in the top 22% on its own street for both living space and value, indicating it's one of the more substantial and well-regarded homes on a desirable crescent. The lot size is notably larger than most in the neighborhood, offering valuable outdoor space and potential.

Its 1978 build date is a standout feature, ranking as the newest on its street. This suggests updates over time and potentially fewer immediate concerns compared to older area homes, while still benefiting from the mature character of the community. The home suits buyers looking for a move-in ready property in a prime pocket of Waverley Heights—particularly those who value space, a established streetscape, and a property that already holds a leading position in its micro-market. It’s an ideal fit for growing families or professionals seeking a peaceful, well-regarded address without sacrificing interior and yard space.

Frequently Asked Questions

Q: How does this home truly compare to others nearby?
A: The data shows it outperforms most direct neighbors. It has more living space than 78% of homes on Lake Island Crescent and is valued higher than 78% of them. In the broader Waverley Heights area, it also ranks above average in size and value, meaning you're getting a home that stands out positively in its own community.

Q: What does the 1978 build year mean for maintenance?
A: Being the newest home on the street is a significant advantage, likely indicating newer major systems (like roofing, windows, or HVAC) compared to neighbors. However, as a home nearly 50 years old, a thorough inspection is still essential to understand the condition and timeline for any future updates.

Q: Is the assessed value a good indicator of market price?
A: The assessed value of $452k, which is above area averages, is a strong benchmark of the municipality's valuation for tax purposes. It generally reflects the property's relative worth but the final sale price will be determined by current market conditions, the home's specific state, and buyer demand.

Q: How does the lot size compare?
A: The 6,509 sqft lot is larger than average for both the street and the city overall. This provides more private outdoor space than many properties in Winnipeg, which is a valuable and less replaceable asset than interior square footage.

Q: Are there any red flags in the rankings?
A: There are no obvious red flags. It's noteworthy that while the home ranks very well street- and neighborhood-wide, its citywide ranking for living space is "around average." This perspective is useful: you're purchasing a top-tier home for this specific, sought-after area, rather than a maximally large home by broader city standards.