21 West Lake Crescent

Waverley Heights, Winnipeg

Property score

69.6

Good

Overall 69.6 · Newer than most nearby homes

1,152 sqft (top 49%) · Built in 1978

Located in a above-average income area with median household income of ~87k

Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 1 healthcare facility, and 2 parks nearby

Living Area

Near average

7% 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)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

69.6 is composed by the two sections below.

Property Score

63.4Fair
Living Area60
1,152 sqftFair
Year Built67
1978Good
Lot Size74
5,555 sqftGood
Neighbourhood Sales Activity59
Fair

Community Score

79.0Good
Household Income79
Good
Education Level72
Good
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110979

Community deep dive

$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

Population, labour & age

Population (2021)703
Labour force participation rate67%
Median age34.4
Avg household size2.9
Unemployment rate7%
Population density4393 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households18%
Couple families with children31%
Median household income (2020)$87K

Housing

Renter households14%
Condominium dwellings4%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)38%
Visible minority58%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 47%
Mother tongue (2nd)Punjabi · 15%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,152 sqft
0255075100
Same streetTop 33%Same areaTop 49%CitywideBottom 45%
Same street · West Lake Crescent
#15 / 46
Top 33% · Avg 1,040 sqft
Same area · Waverley Heights
#808 / 1,633
Top 49% · Avg 1,239 sqft
Citywide · Winnipeg
#106,322 / 194,458
Bottom 45% · Avg 1,342 sqft

Tax-Assessed Value

around average
323k
0255075100
Same streetTop 33%Same areaBottom 21%CitywideBottom 36%
Same street · West Lake Crescent
#15 / 46
Top 33% · Avg 317.4k
Same area · Waverley Heights
#1,294 / 1,633
Bottom 21% · Avg 398.1k
Citywide · Winnipeg
#123,498 / 194,458
Bottom 36% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 33%Same areaTop 18%CitywideTop 35%

Lot Size

Elite
5,555 sqft
0255075100
Same streetTop 4%Same areaBottom 38%CitywideTop 41%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

21 West Lake Crescent — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 136 m), 1 healthcare (nearest 467 m), 2 parks (nearest 122 m).

Search radius
🏫Education2
🏥Healthcare1
🌳Parks2

Crime & Safety

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%

Sales History

Sold 4/2024CA$300k–350k
Sold price

Same street

Top 17%

Same area

Bottom 47%

City-wide

Top 49%

Related homes

Highlights & common questions: 21 West Lake Crescent, Winnipeg

Property Summary: 21 West Lake Crescent

Key Characteristics & Appeal

This home at 21 West Lake Crescent in Waverley Heights presents a compelling, grounded opportunity. Its primary strength is an exceptionally large lot for its street—at 5,555 sqft, it ranks in the top 4% on West Lake Crescent, offering significantly more outdoor space than its immediate neighbors. The house itself, built in 1978, is newer than many in the wider neighborhood, suggesting potentially fewer age-related concerns. With 1,152 sqft of living space, it is sized comparably to area averages, functioning as a practical and comfortable footprint.

The appeal here is one of balance and potential. The assessed value sits notably below the Waverley Heights neighborhood average, which could indicate room for value growth, especially when paired with the premium lot size. This isn’t the largest or most expensive home on the block, but it offers a smart entry point into the area with a standout feature—the generous yard. It would suit first-time buyers or downsizers looking for a manageable home in a stable area without sacrificing outdoor privacy, or an investor-minded buyer who sees value in the land and the below-neighborhood-average assessment.

Frequently Asked Questions

1. How does the assessed value compare?
The home’s assessed value of $323k is around the average for its specific street but is below the broader Waverley Heights neighborhood average of $398k. This suggests a potential value opportunity within a desirable area.

2. Is the lot size truly a big advantage?
Yes, particularly on this street. The lot is over 1,900 sqft larger than the street average, ranking it 2nd largest out of 46 comparable properties. This provides rare extra space for gardening, expansion, or outdoor living that is uncommon for the immediate location.

3. What does the "Above Average" ranking for the build year mean?
It means this 1978 home is newer than most comparable homes in the Waverley Heights neighborhood. This can be an advantage, potentially indicating updated infrastructure (like wiring or plumbing) compared to older area homes.

4. Is the living space small?
At 1,152 sqft, it is slightly above the street average and slightly below the neighborhood average. It is a efficiently sized home that is typical for the city overall, suitable for individuals, couples, or small families.

5. Who is this property best suited for?
This property is ideal for a value-conscious buyer who prioritizes land and location over sheer interior size. It’s a strong fit for someone wanting to enter the Waverley Heights area, who may plan to update or expand the home over time while already enjoying a larger-than-average yard.