Property score
63.2
Fair
Overall 63.2 · Newer than most nearby homes
1,080 sqft (bottom 37%) · Built in 1978
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
13% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer 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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63.2 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
218 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 332 m), 1 parks (nearest 331 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 10% | Bottom 7% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 218 Lake Village Road, Waverley Heights
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1978, presents a compelling value proposition in the Waverley Heights neighborhood. Its primary appeal lies in its strong positioning within its immediate community on Lake Village Road. The home sits on a notably larger-than-average lot for the street (4,757 sqft vs. a 3,907 sqft street average), offering more outdoor space than most of its direct neighbors. It also boasts a living area above the street average, making it a relatively spacious home in its specific locale.
The property’s assessed value is below average for both the street and the wider neighborhood, which suggests a potential value opportunity for buyers. This combination—more land and living space than nearby homes, at a below-average valuation—creates an interesting profile. It would suit practical buyers looking for a solid, established home in a mature area, who prioritize lot size and see potential in a property that may be undervalued relative to its immediate surroundings. It’s a home that stands out on its own street more favorably than it does in broader neighborhood or city comparisons.
Frequently Asked Questions
Q: Is the below-average assessed value a concern?
A: Not necessarily. It indicates the city’s assessment is lower than many comparable homes, which can be a positive for property taxes. It often reflects the home’s specific condition or features at the time of assessment and may highlight an opportunity.
Q: How does the lot size compare practically?
A: While the lot is larger than most on Lake Village Road, it is below the Waverley Heights neighborhood average. This means you get a premium yard for the street, but not necessarily an exceptionally large lot for the entire area.
Q: The home was built in 1978. What does that mean for maintenance?
A: Being one of the newer homes on the street (ranked #1 out of 142 for year built) is a plus, as major components like the roof, windows, or furnace may be relatively younger. However, as with any home over 40 years old, a thorough inspection of these aging systems is essential.
Q: The living area is above average for the street but average for the city. What’s the takeaway?
A: This highlights the importance of location context. You are getting a home that feels spacious compared to its direct neighbors, which adds to livability and comfort on a day-to-day basis, even if its size is unremarkable in a city-wide search.
Q: What is the main value proposition here?
A: The data suggests you are purchasing a home that offers tangible advantages—newer construction and more space—within the micro-market of Lake Village Road itself, at an entry point that is financially accessible for the desirable Waverley Heights area.
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