23 West Lake Crescent

Waverley Heights, Winnipeg

Property score

67.1

Good

Overall 67.1 · 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 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

67.1 is composed by the two sections below.

Property Score

59.2Fair
Living Area60
1,156 sqftFair
Year Built67
1978Good
Lot Size46
3,854 sqftLow
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

Elite
1,156 sqft
0255075100
Same streetTop 4%Same areaTop 46%CitywideBottom 46%
Same street · West Lake Crescent
#2 / 46
Top 4% · Avg 1,040 sqft
Same area · Waverley Heights
#758 / 1,633
Top 46% · Avg 1,239 sqft
Citywide · Winnipeg
#105,626 / 194,458
Bottom 46% · Avg 1,342 sqft

Tax-Assessed Value

around average
317k
0255075100
Same streetTop 48%Same areaBottom 18%CitywideBottom 34%
Same street · West Lake Crescent
#22 / 46
Top 48% · Avg 317.4k
Same area · Waverley Heights
#1,336 / 1,633
Bottom 18% · Avg 398.1k
Citywide · Winnipeg
#127,404 / 194,458
Bottom 34% · Avg 390.1k

Year Built

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

Lot Size

around average
3,854 sqft
0255075100
Same streetTop 35%Same areaBottom 19%CitywideBottom 23%

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

23 West Lake Crescent — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 138 m), 1 healthcare (nearest 463 m), 2 parks (nearest 120 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 10/2021CA$300k–350k
Sold price

Same street

Top 10%

Same area

Top 49%

City-wide

Top 48%
Sold 9/2020CA$250k–300k
Sold price

Same street

Bottom 34%

Same area

Bottom 13%

City-wide

Bottom 29%

Related homes

Highlights & common questions: 23 West Lake Crescent, Winnipeg

Property Overview

This home at 23 West Lake Crescent presents a compelling mix of above-average living space within a well-established setting. Its primary appeal lies in its efficient use of a standard city lot, offering a generous 1,156 sqft interior that ranks exceptionally well on its own street. Built in 1978, the house is typical for the immediate area but is notably newer than many homes in the broader Waverley Heights community. A key, less obvious perspective is its tax assessment value, which is significantly below the community average. This suggests the property may offer a value proposition for the area, potentially resulting in relatively lower property taxes, or it may indicate room for modernization that a buyer could capitalize on. This home would suit first-time buyers or downsizers seeking established neighborhood character with more interior space than is typical for the street, and value-conscious buyers attentive to both living area and ongoing tax implications.

Key Details & FAQs

  • Living Area: 1,156 sqft
  • Tax Assessment Value: $317,000
  • Year Built: 1978
  • Lot Size: 3,854 sqft

Frequently Asked Questions

1. How does this home’s size compare to its neighbors?
Its living area is a standout feature on West Lake Crescent, ranking in the top 4% on the street and larger than the street average. Within the wider Waverley Heights community and Winnipeg, its size is close to the average.

2. What does the tax assessment value tell me?
The assessed value of $317,000 is average for West Lake Crescent but is notably below the Waverley Heights community average of approximately $398,000. This could be favorable for property taxes but may reflect the home’s condition or features relative to others in the broader area.

3. Is the lot size a disadvantage?
The lot is consistent with others on the street but is smaller than the average lot in both Waverley Heights and Winnipeg overall. This appeals to buyers preferring lower-maintenance outdoor space while still having a private yard, but may not suit those seeking extensive grounds.

4. Is a 1978-built home considered old for the area?
No. The build year is exactly the average for both its street and the Waverley Heights community. It is actually newer than the average home across Winnipeg. The neighborhood is well-established, and this vintage is typical.

5. Who would this property be most suitable for?
It is an excellent fit for buyers who prioritize interior space over lot size, and who value being in a mature neighborhood. The combination of a larger-than-street-average home with a tax assessment below the community average creates a distinct profile for budget-conscious buyers seeking comfort in an established area.