Property score
62.6
Fair
Overall 62.6 · Compared with neighbourhood average
1,080 sqft (bottom 37%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~83k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
13% 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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62.6 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
196 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 381 m), 1 parks (nearest 334 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 | Top 7% | Bottom 48% | Top 49% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Bottom 28% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 196 Lake Village Road, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home on Lake Village Road presents a compelling blend of above-average space and value within its immediate streetscape. At 1,080 sqft, the living area is notably larger than most comparable homes on the street, ranking in the top 17%. The assessed value also ranks highly on the street (top 11%), suggesting a perception of solid value relative to neighbors. Built in 1977, it is typical for the area. The lot size of 4,198 sqft is generous for the street but more modest compared to the broader Waverley Heights neighborhood, indicating a streetscape of comfortable, efficiently sized properties.
The primary appeal lies in its strong positioning within a desirable micro-location. Buyers get more interior space than the street average while the property’s value stands above the street’s typical assessment. This dynamic can represent an efficient use of space without a premium lot size. It would suit practical buyers looking for a established home in a mature area, who prioritize interior space and street-level value over a very large yard. A thoughtful perspective is that this property offers the benefits of the Waverley Heights area while potentially carrying lower property taxes than neighborhood averages, due to its below-average assessed value at that broader level.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,080 sqft, the home is larger than most on Lake Village Road (top 17%), about average for the wider Waverley Heights neighborhood, and slightly below the Winnipeg city average for comparable properties.
2. Is the assessed value high for the area?
The assessment is above average for Lake Village Road itself, which is positive for street-level equity. However, it is below the average assessment for the broader Waverley Heights neighborhood, which may be a consideration for long-term value comparisons.
3. What is the lot size like?
The 4,198 sqft lot is larger than the average lot on Lake Village Road. It is, however, smaller than the typical lot in the wider Waverley Heights area and across Winnipeg, suggesting a more low-maintenance yard.
4. How does the year built affect this home?
Built in 1977, it is perfectly typical for its street and neighborhood. This means infrastructure and major components are of a similar age to surrounding homes, which can simplify planning for updates or maintenance.
5. What do these rankings mean for me?
They provide context. The data shows this home is a standout on its street in terms of living space and assessed value, offering a strong position in its most immediate market. The broader neighborhood comparisons highlight that it is a more moderately sized property within Waverley Heights, which can translate to a manageable scale and efficient use of space.
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