Property score
56.0
Fair
Overall 56.0 · 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
56.0 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
182 Lake Village Road — 6 amenities found within 500 m, across 5 categories, including 2 dining (nearest 490 m), 1 education (nearest 419 m), 1 healthcare (nearest 487 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 46% | Bottom 21% | Bottom 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 182 Lake Village Road, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1977 bungalow at 182 Lake Village Road presents a compelling value proposition within the established Waverley Heights neighborhood. Its key appeal lies in a specific balance: it offers a generous, above-average lot size for its immediate street (4,758 sqft) paired with a modest, efficiently sized 800 sqft living area. This creates a home with a lower assessed value ($296k) compared to area averages, situated on a desirable piece of land.
The property is ideally suited for first-time buyers, downsizers, or investors seeking an entry point into a well-regarded neighborhood without the premium price tag of a larger home. Its efficient footprint suggests lower utility and maintenance costs. A thoughtful perspective is that while the living space is compact, the lot offers valuable outdoor potential—room for gardens, recreation, or future expansion—which is a rarity for homes at this price point in the area. It’s a property where the land is a significant part of the asset.
Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the home is notably cozier than many in Waverley Heights. It requires efficient use of space and suits simpler lifestyles. However, this smaller size is directly reflected in its more accessible price and ongoing cost savings.
2. Why is the assessed value lower than the neighborhood average?
The assessed value correlates strongly with the home's smaller living area and its specific location on Lake Village Road, where average values are already below the wider neighborhood benchmark. You are effectively paying less for the structure but securing land in a premium area.
3. What does the "above average" year built ranking mean for this street?
Ranking in the top 12% for year built on Lake Village Road simply means this home is one of the newer houses on a street with many older homes. It was built in the same year as the street's average (1977), so it is a standard build for its time, not a recent renovation.
4. How does the lot size compare practically?
The lot is larger than most on its street, offering more private outdoor space than immediate neighbors. While it's smaller than the broad neighborhood average, it remains a substantial urban lot, providing a key advantage over typical newer subdivisions.
5. Who would this property not suit?
It would not suit buyers who prioritize spacious interior square footage above all else, require multiple dedicated rooms, or who do not wish to potentially renovate or expand in the future to gain more living space.
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.
