Property score
59.0
Fair
Overall 59.0 · 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 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 2 healthcare facilitys, 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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59.0 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
154 Lake Village Road — 13 amenities found within 500 m, across 6 categories, including 7 dining (nearest 412 m), 1 education (nearest 491 m), 2 healthcare (nearest 408 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 | Bottom 48% | Bottom 22% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 154 Lake Village Road, Waverley Heights
Key Characteristics & Appeal
This 1977-built home on a 4,205 sqft lot presents a compelling case for value-focused buyers seeking a well-maintained property in a desirable area. At 920 sqft, the living space is very typical for Lake Village Road itself, ranking solidly among its immediate neighbors. The standout feature is its assessed value of $324k, which ranks in the top 11% on its street, suggesting it is viewed as a premium property within this specific, well-regarded row of homes.
The appeal lies in its position as a strong performer on its own street, offering a sense of relative luxury and above-average investment for the immediate locale. However, it offers this at a price point that is notably below the broader Waverley Heights neighborhood average. This creates a unique value proposition: you're acquiring one of the more valuable homes on a good street, without paying the full premium associated with the larger-lot, larger-home properties that define the wider area. It would perfectly suit first-time buyers moving into a established neighborhood, downsizers seeking a manageable footprint without leaving the area, or value-driven investors looking for a property with strong fundamentals on a good street.
A less obvious perspective is that this home represents a "right-sized" option. In a neighborhood and city where average home sizes are significantly larger, this property offers lower utility costs, less maintenance, and a cozier layout without sacrificing the prestige of the location. It’s a smart, efficient entry into Waverley Heights.
Frequently Asked Questions
1. Is the living area too small compared to other homes in Winnipeg?
While below the citywide average, the living area is very much in line with other homes on Lake Village Road itself. It offers a comfortable footprint for individuals, couples, or small families, prioritizing location and lot over sheer interior square footage.
2. Why is the assessed value so high for the street, yet below the neighborhood average?
This indicates that 154 Lake Village Road is considered one of the better-maintained or more desirable properties on its specific street. The broader Waverley Heights area includes many homes with larger lots and more square footage, which pulls the neighborhood average up. You are effectively paying for a top-tier home on this block.
3. What does the land size mean for potential expansion or outdoor use?
At over 4,200 sqft, the lot is above average for the street, providing a decent private outdoor space. While it is smaller than many lots in the wider neighborhood, it is more than sufficient for a garden, patio, and play area. Any future expansion (like an addition) would need to consider lot coverage bylaws, but the size is a positive asset.
4. Is a 1977-built home a concern for maintenance?
Built in 1977, this home is of a very typical vintage for its street and area. Key systems like roofing, windows, and major mechanicals may be at or nearing replacement age, which is a standard consideration for any buyer in this market segment. A thorough inspection is always recommended.
5. How should I interpret the different ranking tiers (street, neighborhood, city)?
The multi-level analysis shows where the property truly fits. Its strongest performance is on its own street, where it ranks highly for value and lot size. This suggests it's a great home for this specific location. The neighborhood and city rankings help contextualize the broader market, showing it as a more modestly-sized, value-oriented option within the desirable Waverley Heights area.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
