155 Lake Village Road

Waverley Heights, Winnipeg

Property score

66.4

Good

Overall 66.4 · Compared with neighbourhood average

1,156 sqft (top 46%) · Built in 1977 (1 yr older than avg)

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

Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby

Living Area

Near average

7% 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

66.4 is composed by the two sections below.

Property Score

58.0Fair
Living Area1,156 sqft60Fair
Year Built197767Good
Lot Size3,200 sqft38Low
Neighbourhood Sales Activity59Fair

Community Score

79.0Good
Household Income79Good
Education Level72Good
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

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

Elite
1,156 sqft
0255075100
Same streetTop 1%Same areaTop 46%CitywideBottom 46%
Same street · Lake Village Road
#2 / 142
Top 1% · Avg 936 sqft
Same area · Waverley Heights
#758 / 1,633
Top 46% · Avg 1,239 sqft
Citywide · Winnipeg
#105,626 / 194,458
Bottom 46% · Avg 1,342 sqft

Tax-Assessed Value

around average
313k
0255075100
Same streetTop 39%Same areaBottom 15%CitywideBottom 33%
Same street · Lake Village Road
#55 / 142
Top 39% · Avg 309.5k
Same area · Waverley Heights
#1,383 / 1,633
Bottom 15% · Avg 398.1k
Citywide · Winnipeg
#129,931 / 194,458
Bottom 33% · Avg 390.1k

Year Built

above average
1977
0255075100
Same streetTop 12%Same areaBottom 49%CitywideTop 37%

Lot Size

around average
3,200 sqft
0255075100
Same streetBottom 42%Same areaBottom 13%CitywideBottom 15%

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

155 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 396 m), 1 education (nearest 461 m), 3 healthcare (nearest 394 m).

Search radius
🍽️Dining7
🏫Education1
🏥Healthcare3
🛒Shopping1
🌳Parks1
Fuel Stations1
🏛️Government1

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

Sold 6/2023CA$300k–350k
Sold price

Same street

Top 38%

Same area

Bottom 29%

City-wide

Bottom 40%
Sold 7/2017CA$250k–300k
Sold price

Same street

Bottom 16%

Same area

Bottom 9%

City-wide

Bottom 26%

Related homes

Highlights & common questions: 155 Lake Village Road, Winnipeg

Property Overview: 155 Lake Village Road

Key Characteristics & Appeal

This 1,156 sqft home, built in 1977, presents a compelling mix of above-average living space on a modest lot. Its primary appeal lies in its strong positioning within its immediate locale on Lake Village Road. Here, the living area is notably generous, ranking in the top 1% for size compared to other homes on the street. This suggests a home that feels more spacious than many of its direct neighbors. The assessed value of $313k is very close to the street average, indicating a fair market alignment.

The property suits buyers seeking value and space within a specific, well-regarded street, rather than a large lot. It’s ideal for those who prioritize interior square footage over extensive yard maintenance. A thoughtful perspective is that while the lot size is smaller than broader area averages, this often translates to lower upkeep and can be a smart trade-off for the significantly larger-than-street-norm living area. The home represents a solid, middle-ground option: it doesn’t command a premium price for the Waverley Heights neighborhood, yet it offers one of the more substantial interiors on its block.

Frequently Asked Questions

Q: How does the home’s value compare to the wider neighborhood?
A: The assessed value is below the Waverley Heights neighborhood average, which could represent a value opportunity for entering this area, especially paired with the home’s above-average living space for its street.

Q: Is the lot size a significant drawback?
A: It depends on your priorities. The lot is smaller than most in the wider neighborhood and city. However, it is closer to the average for Lake Village Road itself. This is typical for older, established streets and means less yard work but potentially less private outdoor space.

Q: The home was built in 1977. What does that imply?
A: It is actually newer than many Winnipeg homes and is above average for its street. Homes from this era often feature modern layouts and wiring, but prospective buyers should still consider the condition of major systems like roof, windows, and plumbing, which may be due for updates.

Q: What does the "top 1% living area on this street" ranking mean practically?
A: It means that compared to the 142 similar homes on Lake Village Road, this property has more interior space than 99% of them. You are getting one of the largest homes on the block, which is a distinct advantage not reflected in its assessed value being near the street average.

Q: Are property taxes likely to be high here?
A: Based on the assessed value being below the neighborhood average, the property taxes would likely be correspondingly lower than for a home at the neighborhood’s average assessed value. However, the final tax bill is determined by the city’s mill rate applied to this assessment.

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