Property score
55.4
Fair
Overall 55.4 · Smaller than most nearby homes
800 sqft (bottom 3%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~83k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 1 healthcare facility, and 1 park nearby
Living Area
Below average
35% 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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55.4 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
170 Lake Village Road — 6 amenities found within 500 m, across 5 categories, including 2 dining (nearest 456 m), 1 education (nearest 449 m), 1 healthcare (nearest 452 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 7% | Bottom 6% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 170 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 1977-built home in Waverley Heights presents a compelling case for value-focused buyers. At 800 sqft, its living space is notably compact, ranking below average for its street, neighborhood, and city. However, this is balanced by a land area of 4,198 sqft, which is above average for Lake Village Road, offering valuable outdoor space relative to immediate neighbors.
The home’s primary appeal lies in its strong assessed value of $318k, which ranks in the top 18% on its own street, suggesting it is viewed favorably compared to nearby properties. This creates an interesting dynamic: you are acquiring a property with a premium assessment on its block, yet one with a smaller footprint and a more modest price point than the broader Waverley Heights area average.
This property would suit first-time buyers, downsizers, or investors seeking an entry point into a well-regarded neighborhood without the premium typically attached to larger homes in the area. It’s for those who prioritize land value and location over interior square footage, and who see potential in a manageable, classic layout that may be easier and more affordable to maintain, update, or customize over time.
Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the home is compact. It’s best suited for individuals, couples, or small families who value efficient living and lower utility costs. The space is functional, but those needing multiple large bedrooms or extensive living areas may find it limiting.
2. Why is the assessed value so high relative to the home's size?
The assessment reflects the property’s overall value, which includes its desirable lot size on Lake Village Road, the general stability of the street, and the broader Waverley Heights location. Assessors consider land value and market trends, not just square footage.
3. How does the lot size compare to others?
The lot is a key feature. At over 4,000 sqft, it’s larger than the average lot on Lake Village Road, offering good private outdoor space. However, it is smaller than the typical lot in the wider Waverley Heights neighborhood.
4. What does the year built (1977) indicate?
Built in 1977, this home is newer than many on its street and is of a vintage where modern electrical and plumbing standards were common. Buyers should still expect a standard inspection for a home of this age, focusing on roof, windows, and major systems.
5. Is this a good investment for the neighborhood?
It represents a strategic entry into Waverley Heights. You’re paying less than the neighborhood average for a home with a solid assessed value foundation on its block. Future value will depend on broader market trends and any improvements made to the property itself.
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