Property score
66.4
Good
Overall 66.4 · Newer than most nearby homes
1,156 sqft (top 46%) · Built in 1978
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park 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)
627
415k
$333/sqft
1978
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
66.4 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: #46110979
$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
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
221 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 287 m), 1 parks (nearest 277 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 39% | Bottom 29% | Bottom 40% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 5% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 221 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 1,156 sqft home, built in 1978, presents a compelling mix of above-average living space within its immediate context and a value-oriented position in the broader market. Its primary appeal lies in being a well-sized, modern home for its specific street in the Waverley Heights area. While the living area is elite compared to direct neighbors (top 1% on Lake Village Road), it becomes more average when compared to the wider neighborhood and city. This suggests a street of cozier homes where this property stands out for its roominess.
The assessed value of $300K is consistently below average at the street, neighborhood, and city levels. This creates a notable value proposition: you acquire one of the newer and more spacious homes on the block at a price point below area averages. The lot size is modest, particularly for Waverley Heights, which may mean lower maintenance.
This property would suit a pragmatic buyer looking for a move-in ready home from the late 70s, who prioritizes interior space over a large yard. It’s ideal for someone who wants to live on a established street where this home is considered one of the larger and newer offerings, while benefiting from a tax assessment that is favorable relative to its immediate attributes.
Frequently Asked Questions
Q: How does the below-average assessed value affect property taxes?
A: A lower assessed value typically results in lower municipal property taxes compared to similar-sized homes in the area with higher assessments. This is a tangible, ongoing financial benefit.
Q: The living area is top 1% on the street but only average for the neighborhood. What does this mean?
A: It indicates Lake Village Road is primarily lined with smaller homes. You get a relatively spacious home compared to your direct neighbors, but won't be an outlier in the broader Waverley Heights community.
Q: Is the 1978 build year a positive?
A: Yes, notably. It's the newest home on its street (top 1%) and newer than most in Waverley Heights. This often means updated building standards, materials, and potentially less immediate need for major system replacements compared to older area homes.
Q: The lot size is below area averages. What are the implications?
A: It suggests lower maintenance for landscaping and yard work, which can be a plus. However, it may offer less privacy, expansion potential, or green space than is typical for the Waverley Heights neighborhood.
Q: Does the "below average" valuation suggest the home is overpriced?
A: Not necessarily. The data compares it to all comparable homes in each scope. Its valuation is below averages, but it also has a smaller lot and is on a street of generally lower-valued homes. This profile often indicates a fairly priced home that may offer good value for its specific living space and modern build.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
