Property score
59.9
Fair
Overall 59.9 · 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, and 1 park 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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59.9 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
201 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 340 m), 1 parks (nearest 278 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 22% | Bottom 11% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 201 Lake Village Road, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 936 sqft bungalow, built in 1978, presents a compelling value proposition rooted in its specific context. Its primary appeal lies in being a well-maintained, modern home for its immediate street. While its living and land area are below the broader neighborhood and city averages, it ranks exceptionally well on Lake Village Road itself—particularly for its newer construction (top 1% on the street) and above-average assessed value (top 14%). This suggests a home that has been updated and cared for relative to its direct peers.
The property suits practical buyers seeking a manageable, low-maintenance footprint without sacrificing a sense of space indoors. It’s an intelligent choice for first-time buyers, downsizers, or investors who prioritize a modernized structure in a mature neighborhood over a large lot. A thoughtful perspective is that its smaller lot size, while below area averages, translates to less yard work and lower exterior maintenance costs—a hidden benefit for those seeking a lock-and-leave lifestyle or wishing to allocate time and budget elsewhere. Its value is less about sprawling square footage and more about offering quality and modernity within a efficient, affordable package on a street of similar homes.
Frequently Asked Questions
Q: How does the smaller living area compare to other homes nearby?
A: At 936 sqft, the home is very close to the average for Lake Village Road itself, but below the wider Waverley Heights and Winnipeg averages. This indicates the street consists of cozier, efficient homes, making this property a typical fit for its immediate location.
Q: The assessed value seems high for the size. Why is that?
A: The assessed value of $321k is above the street average, likely reflecting the home’s condition, updates, and the fact it is one of the newest homes on the block (built in 1978, ranking top 1% on the street). The assessment suggests it is a premium offering among comparable homes on Lake Village Road.
Q: Who would this property not be suitable for?
A: It may not suit buyers who prioritize large private yards, extensive outdoor space, or need significant room for growth within the existing footprint. The lot size is notably smaller than the neighborhood norm.
Q: What does the "top 1%" ranking for year built mean?
A: On Lake Village Road, this home is the newest or among the very newest in its comparable set. This is a significant advantage, often implying newer major systems (like roofing, plumbing, or electrical) and potentially less immediate investment in big-ticket repairs compared to older homes on the same street.
Q: Is this considered a good value for Waverley Heights?
A: It represents a more accessible entry point into the Waverley Heights neighborhood. You’re trading the larger lot and living space typical of the broader area for a lower price point and a modern, manageable home on a street with similar character. It’s value is street-specific rather than neighborhood-leading.
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