Property score
72.1
Good
Overall 72.1 · Newer than most nearby homes
1,101 sqft (bottom 39%) · Built in 1992 (14 yrs newer than avg)
Located in a high-income area with median household income of ~97k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 13 healthcare facilitys, and 3 shops nearby
Living Area
Below average
11% smaller than neighborhood avg.
Year Built
Above average
14 yrs newer than neighborhood avg.
Mother tongue
English · 50%Punjabi · 13%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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72.1 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: #46110980
$97K
Median household income
$107K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
10%
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
204 Gull Lake Road — 21 amenities found within 500 m, across 6 categories, including 1 dining (nearest 289 m), 1 education (nearest 279 m), 13 healthcare (nearest 220 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 29% | Bottom 22% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 204 Gull Lake Road in Waverley Heights presents a compelling, well-balanced profile. Its primary appeal lies in offering above-average specifications for its immediate street while remaining sensibly priced within the broader neighborhood and city context. Built in 1992, the property is notably newer than most homes in the area, ranking in the top 3% for its year of construction within Waverley Heights. This suggests modern building standards and potentially lower immediate maintenance needs compared to older stock.
The 1,101 sqft living area is spacious for Gull Lake Road itself, ranking in the top 21% on the street. The 5,642 sqft lot is also significantly larger than the street average, offering generous outdoor space. With an assessed value of $377K, it sits above the street average but below the neighborhood average, indicating a perceived value proposition. This home would suit practical buyers looking for a move-in-ready property in a mature neighborhood, who prioritize a newer build and a larger lot on a quiet street over having the absolute largest square footage in the city. It’s a strong choice for those seeking a balance between modern convenience, outdoor space, and financial sensibility.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is above average for Gull Lake Road but below the average for the wider Waverley Heights neighborhood. This position often suggests a good balance between street-level desirability and broader market affordability.
2. Is the house considered large for the area?
The living area is above average for its specific street, offering more interior space than most direct neighbors. Compared to the entire neighborhood and city, it is comfortably around the average size, ensuring it fits in without being disproportionate.
3. What are the advantages of a 1992 build in this neighborhood?
With most neighborhood homes averaging from the late 1970s, this 1992 construction is a standout. Benefits typically include more contemporary layouts, wiring, plumbing, and insulation standards, which can mean fewer major updates and improved energy efficiency.
4. The lot size is noted as "above average" for the street. What does that mean practically?
The lot is over 1,200 sqft larger than the street average, which translates to more usable yard space, greater potential for landscaping, gardening, or outdoor living, and potentially more privacy from neighbors.
5. Does "around average" ranking for city and neighborhood mean it’s mediocre?
Not at all. Being consistently around average in broader comparisons indicates this is a standard, established property in the Winnipeg market. It avoids the premiums of the largest homes and the compromises of the smallest, representing a stable, middle-ground investment that aligns with widespread buyer expectations.
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