Property score
59.0
Fair
Overall 59.0 · Smaller but newer than most nearby homes
936 sqft (bottom 16%) · Built in 1978
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 government office nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 48%Punjabi · 15%
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: #46110979
$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
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
195 Lake Village Road — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 355 m), 1 parks (nearest 281 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 28% | Bottom 13% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 195 Lake Village Road, Waverley Heights, Winnipeg
This 936 sqft bungalow, built in 1978, presents a specific and compelling value proposition. Its primary appeal lies in being a well-maintained, modern-for-its-street home in a desirable neighborhood, offered at an accessible entry point.
Key Characteristics:
Ideal Buyer Profile:
This property is an excellent fit for first-time homebuyers, downsizers, or pragmatic investors seeking a manageable property in a stable area. It suits those who prioritize location and a modern build foundation over square footage, and who see the value in a home that is efficient and easier to maintain. It’s a strategic choice for someone looking to gain a foothold in a premium neighborhood without the premium price tag, accepting a smaller scale in exchange for that advantage.
1. Is the lower assessed value a red flag?
Not necessarily. It primarily reflects the home’s smaller size relative to area norms. It can be a significant advantage, suggesting a more affordable purchase price and ongoing property tax burden compared to larger homes in the same community.
2. How much of a concern is the smaller lot size?
This depends on lifestyle. The sub-3,000 sqft lot means minimal yard maintenance, which is a plus for those seeking simplicity. However, it allows less room for expansion, large gardens, or extensive outdoor recreation space. It’s a trade-off for low upkeep.
3. What does "newest on the street" actually mean for me?
A 1978 build is not new, but being the most recent construction on the block can imply updated foundational materials (like wiring or plumbing standards for its era) and possibly less immediate worry about major, age-related system failures common in older homes.
4. Will the smaller living area feel cramped?
At 936 sqft, the home is efficient. It will suit individuals, couples, or small families who value cozy, manageable spaces. It’s less suited for those needing multiple dedicated rooms, extensive storage, or large-scale entertaining space at home.
5. Is this a good investment for future resale?
Its strength as an investment lies in its entry-level price for Waverley Heights. The desirable location provides a solid floor. Resale value will hinge on the overall market and how future buyers weigh the benefits of location and lower costs against the smaller home and lot size.
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