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 70.0 · 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
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
172 Lake Village Road — 6 amenities found within 500 m, across 5 categories, including 2 dining (nearest 464 m), 1 education (nearest 442 m), 1 healthcare (nearest 461 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 35% | Bottom 16% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 172 Lake Village Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lake Village Road presents a compelling blend of above-average positioning on its immediate street and practical, manageable space. At 920 sqft, the living area is typical for the street but offers a more efficient and cozy footprint compared to larger neighborhood and city averages. The lot size of 4,198 sqft is notably above the street average, providing generous private outdoor space relative to nearby homes.
The primary appeal lies in its strong standing within its own streetscape. It boasts an assessed value and year of build that rank in the top tiers for Lake Village Road, suggesting a home that is both well-maintained and a sound investment within this specific locale. This creates an interesting dynamic: while the property is a standout on its block, it sits at a more accessible price point compared to the broader, higher-value Waverley Heights neighborhood. This positions it as a potential "entry point" into a desirable area without the premium typically associated with it.
This property would suit first-time buyers or downsizers seeking a established, low-maintenance home in a mature neighborhood. It’s ideal for those who prioritize a larger yard and value a home that compares favorably to its direct neighbors over having maximum square footage. It’s a practical choice for buyers who see the advantage in a neighborhood where this home is competitively assessed, offering stability and potential for equity growth relative to its immediate surroundings.
Section 2: Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: The living area is very close to the average for Lake Village Road itself. It is, however, more compact than the typical home in both the wider Waverley Heights neighborhood and Winnipeg overall, which often feature larger floor plans.
Q: The assessed value seems high for the street but low for the area. What does that mean?
A: This indicates the property is valued highly compared to its direct neighbors on Lake Village Road (ranking in the top 18%), likely due to factors like condition, updates, or lot appeal. The lower value compared to the Waverley Heights average suggests it offers a more affordable pathway into this neighborhood.
Q: Is the lot a good size?
A: Yes, particularly for the street. The lot is over 4,100 sqft, which is larger than the average lot on Lake Village Road. It provides ample backyard space, though lots in the wider neighborhood and city are generally larger.
Q: What does the "Year Built" ranking tell me?
A: Built in 1977, this home is newer than many on its street (top 12%), meaning its major systems and structure may be comparatively more recent. It is typical for the Waverley Heights area and aligns with the city's average for comparable homes.
Q: Are these rankings based on exact matches or general comparisons?
A: The rankings compare this home to "comparable homes" within each scope (street, neighborhood, city). The "Avg" provided is a rough median benchmark, not an average of all properties. It's a useful tool for understanding relative positioning rather than a precise measurement against every house.
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