Property score
61.8
Fair
Overall 61.8 · Smaller than most nearby homes
988 sqft (bottom 20%) · Built in 1977 (1 yr older than avg)
Located in a high-income area with median household income of ~106k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 60%Chinese · 7%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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61.8 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: #46110977
$106K
Median household income
$112K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
13%
Single-person households
40%
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
22 Lakedale Place — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 299 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 20% | Bottom 42% | Bottom 48% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 13% | Bottom 36% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1977-built home at 22 Lakedale Place in Waverley Heights presents a clear value proposition centered on its efficient use of space. With 988 square feet of living area on a 5,285 sqft lot, it is notably more compact than most homes on its street and in wider comparisons. This specific profile defines its appeal, suiting buyers looking for a manageable property without a premium price tag. The assessed value of $389k sits comfortably around the Winnipeg average but is significantly below the average for its own street, suggesting an opportunity to own in the area at a lower entry point.
The home would ideally suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance footprint. Its appeal lies not in grandeur, but in affordability and fundamentals. A thoughtful perspective is that a smaller home on a modest lot can mean substantially lower utility costs, property taxes, and time spent on upkeep, freeing up resources for other priorities. While it ranks below average on size metrics, its construction year is newer than many on the street, potentially indicating fewer immediate concerns with aging components compared to older neighbours.
1. Is this a small house?
Yes. At 988 sqft, the living area is smaller than approximately 97% of comparable homes on its street and 80% in the Waverley Heights neighbourhood. This is the defining characteristic of the property.
2. Why is the assessed value lower than the street average?
The primary factor is the home's smaller size, both in living space and lot size. The average assessed value on Lakedale Place is $427.7k, largely driven by larger homes. This property's value aligns more closely with the citywide average.
3. What are the advantages of a smaller home like this?
The main advantages are financial and practical: lower purchase price, potentially lower property taxes, reduced heating/cooling costs, and less time and money required for maintenance and cleaning.
4. How does the lot size impact the property?
The lot of 5,285 sqft is smaller than most on the street but is around the neighbourhood average. It provides a manageable outdoor space for gardening or relaxation without the burden of extensive landscaping.
5. Does the 1977 build date mean the home is outdated?
Not necessarily. While styles may have evolved, a 1977 build is actually newer than most on this specific street. This can be an advantage, as major systems like electrical or plumbing might be relatively younger than in older homes, though specific condition depends on updates and maintenance.
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