Property score
59.6
Fair
Overall 59.6 · Smaller than most nearby homes
936 sqft (bottom 16%) · 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
24% 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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59.6 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
202 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 366 m), 1 parks (nearest 332 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% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 202 Lake Village Road presents a compelling mix of value and established character. Its appeal lies in being a well-positioned property within its immediate streetscape, offering a solid foundation in a mature neighbourhood.
Key Characteristics & Ideal Buyer
The 936 sqft bungalow, built in 1977, sits on a 4,758 sqft lot. The key perspective here is one of relative strength on its own street. While the home's size is below the broader neighbourhood and city averages, it ranks highly among its direct neighbours on Lake Village Road for lot size, assessed value, and year built. This suggests a property that holds its own in a specific, likely consistent, local context. Its assessed value of $331k is notably in the top 5% for the street, indicating perceived quality or desirability within that micro-market.
This property would suit a first-time buyer, downsizer, or pragmatic investor seeking an entry into the Waverley Heights area without the premium of a larger, newer home. It’s for someone who values a larger-than-average lot for the street and a strong relative value position on their block, over having above-average square footage. The appeal is grounded in community stability and the potential of the parcel itself, rather than in sheer size.
Frequently Asked Questions
1. Is the house smaller than others in Winnipeg?
Yes. At 936 sqft, the living area is below the citywide average for comparable homes. However, it is very close to the average size for homes specifically on Lake Village Road.
2. Why is the assessed value so high for the street?
Ranking in the top 5% on the street suggests the municipal assessment views this property favorably compared to its immediate neighbours. This could be due to the larger lot, condition, improvements, or a combination of factors.
3. What does the lot size mean for potential updates?
At nearly 4,800 sqft, the lot is significantly larger than the street average. This provides a valuable outdoor space and could offer more flexibility for additions, landscaping, or other outdoor projects than many nearby properties.
4. How does the 1977 build year compare?
The home is of average age for its street and neighbourhood, which largely consists of homes from the same era. This means major components may be due for updates, but you are in a community with similar housing stock.
5. Is this a good value for the Waverley Heights area?
The data suggests it is priced below the neighbourhood average. This reflects its smaller size but offers a way to live in the area at a different price point, making it a value-oriented choice within the community.
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