Property score
72.8
Good
Overall 72.8 · Newer than most nearby homes
1,160 sqft (top 46%) · Built in 1978
Located in a high-income area with median household income of ~104k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 2 parks nearby
Living Area
Near average
6% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 59%Chinese · 10%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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72.8 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: #46110976
$104K
Median household income
$125K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
13%
Single-person households
37%
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
2 Lake Island Crescent — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 224 m), 2 parks (nearest 164 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 30% | Top 15% | Top 25% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Top 50% | Top 48% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 42% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 2 Lake Island Crescent in Waverley Heights presents a well-balanced offering in a mature Winnipeg neighbourhood. Its key appeal lies in its established character and above-average positioning within its immediate area, rather than in standout size or modern finishes.
Key Characteristics & Ideal Buyer
The 1,160 sqft bungalow, built in 1978, sits on a generous 6,379 sqft lot. The data reveals a property that consistently performs "above average" within its community context. Its municipal tax assessment is notably in the top 25% for Waverley Heights, suggesting the city views it as a higher-value home in the area. Interestingly, it is the newest home on its own street, which may imply fewer immediate concerns about aging infrastructure compared to direct neighbours. The living space is typical for the street and community, but the lot size is larger than most in Waverley Heights, offering valuable outdoor space.
The appeal here is for a buyer seeking an established, stable property in a mature neighbourhood. It suits someone who values a larger yard and a home that holds its value well within its local market, as indicated by the strong assessment ranking. It would be a practical choice for first-time buyers or downsizers looking for a manageable size without sacrificing land, or for investors attracted by a property that benchmarks well against local averages. A less obvious perspective is that its "newness" on the street could mean it has had fewer owners or more consistent upkeep than its neighbours, offering a relative sense of predictability.
Frequently Asked Questions
1. What does the tax assessment ranking actually tell me?
The assessment value is in the top 30% city-wide and top 25% in Waverley Heights. This generally indicates the city assesses this property as being of higher value than many comparable homes, which can be a positive sign for equity, though it also means your property taxes will likely be higher than the area's median.
2. The house was built in 1978. What should I be aware of?
While it's the newest on its street, a home from this era may still contain original components like windows, roofing, or major systems (furnace, electrical) that are nearing or past their typical lifespan. A thorough inspection is crucial to budget for potential updates.
3. The living space is close to the area average. Will it feel cramped?
At 1,160 sqft, the living area is very typical for bungalows in this community. It provides a standard layout for the neighbourhood. The larger-than-average lot size is a compensating feature, effectively extending your living space outdoors during warmer months.
4. How does this home truly compare to others nearby?
The provided rankings are a statistical snapshot. To get a real sense of condition, layout, and updates, you would need to view this home and others on Lake Island Crescent and in Waverley Heights personally. The "above average" assessment suggests it may have features or conditions the raw data doesn't capture.
5. Is the lot size a major advantage?
Yes, particularly within Waverley Heights, where this lot is larger than about 65% of others. This allows more room for gardening, recreation, privacy, or future additions like a shed or deck, which is a significant benefit in an established neighbourhood.
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