Property score
75.3
Good
Overall 75.3 · Larger than most nearby homes
1,349 sqft (top 26%) · Built in 1977 (1 yr older than avg)
Located in a high-income area with median household income of ~116k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 2 schools, and 4 parks nearby
Living Area
Above average
9% larger than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 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
75.3 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: #46110975
$116K
Median household income
$130K
Average household income
8%
Low income (LIM-AT)
0.4
Income inequality (Gini)
2.9
P90 / P10 ratio
4%
Single-person households
41%
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
20 Forest Lake Drive — 6 amenities found within 500 m, across 2 categories, including 2 education (nearest 264 m), 4 parks (nearest 154 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 20% | Top 1% | Top 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 30% | Top 6% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 20 Forest Lake Drive, Waverley Heights
Key Characteristics & Appeal
This 1,349 sqft bungalow, built in 1977 on a 7,384 sqft lot, presents a compelling value proposition rooted in its context. Its primary appeal lies in its position within the highly regarded Waverley Heights neighborhood. While the home itself is of a modest, functional size compared to others on Forest Lake Drive, its assessed value of $561k tells a more significant story. This valuation ranks in the elite top 2% for the neighborhood and above average on its street, suggesting the property is perceived to have substantial underlying value or potential.
The home would suit practical buyers looking for a solid entry into a desirable area. It’s ideal for someone who values a larger-than-average lot for the neighborhood, providing room for gardens, expansion, or outdoor living. This isn’t the largest house on the block, but it represents an opportunity to own a property with a premium assessment in a premium area, appealing to those who see value in land and location and are comfortable with a home that may require personalization or updates.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. With 1,349 sqft of living area, it is below the street average of 1,646 sqft. This indicates it’s a more modestly sized home on a street of generally larger properties.
2. Why is the assessed value so high relative to the home's size?
The assessed value ($561k) ranks significantly higher than both the neighborhood and street averages. This typically reflects a combination of the desirable lot size, the sought-after location in Waverley Heights, and the overall property condition or potential as determined by the assessor.
3. What does the "elite" neighborhood ranking for value mean?
Ranking in the top 2% for assessed value in Waverley Heights means this property is valued among the highest in a large pool of over 1,600 comparable neighborhood homes. It signals strong perceived market value within that specific community.
4. Is the lot size a major feature?
Yes. The lot is above average for both the neighborhood and city-wide, offering more outdoor space than many comparable properties. This is a key asset, especially in a mature neighborhood.
5. How does the year built compare?
Built in 1977, it is slightly newer than the average home on its street and aligns with the neighborhood average. This places it in a period of solid construction, likely before the major building code updates of the late 1970s/early 1980s, but modern enough that major systemic replacements (like roofing, windows) may have already been addressed or will be a consideration.
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.
