Property score
63.9
Fair
Overall 63.9 · 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 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 5 healthcare facilitys, 3 shops, 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)
627
415k
$333/sqft
1978
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63.9 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
25 East Lake Drive — 12 amenities found within 500 m, across 4 categories, including 2 education (nearest 262 m), 5 healthcare (nearest 406 m), 3 shopping (nearest 444 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 6% | Bottom 1% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 25 East Lake Drive, Waverley Heights
Key Characteristics & Appeal
This 1,152 sqft bungalow, built in 1978, presents a compelling case for value-focused buyers. Its primary appeal lies in a clear value proposition: you acquire an above-average sized home for the street, in a well-established neighborhood, at a below-average price point. The living space is notably generous for East Lake Drive, ranking in the top 6% on the street, making it a spacious offering in its immediate context.
The property is best suited for first-time buyers, downsizers, or practical investors seeking a comfortable home in a mature area without a premium price tag. Its assessed value sits significantly below both neighborhood and city averages, suggesting potential for equity growth as updates are made. A thoughtful perspective is that the smaller, manageable lot (1,979 sqft) translates to lower maintenance costs and less weekend yard work—an advantage for those seeking a simpler lifestyle. However, buyers should be prepared that this lot size is exceptionally compact for the wider area.
Frequently Asked Questions
1. Is the lower assessed value a concern?
Not necessarily. It primarily reflects the home’s current market position relative to others and its smaller lot size. It can represent an entry point into the neighborhood, with value often increasing through modernization.
2. How does the living area compare practically?
At 1,152 sqft, the home is spaciously sized for its street (top 6%) and very close to the neighborhood average. It offers comfortable room for a couple or small family, especially compared to other homes directly on East Lake Drive.
3. What does the lot size mean for me?
The lot is compact, especially compared to the broader neighborhood. This means minimal exterior upkeep, but also limited potential for expansions like large decks or additions. Outdoor space will be defined and private rather than expansive.
4. The home was built in 1978. What should I consider?
This is a solid, mid-range age for the area. While major systems like roof, windows, or furnace may have been updated, a thorough inspection is advised to plan for any upcoming maintenance typical of homes from this era.
5. Who would this property not suit?
Buyers prioritizing a large yard, those planning significant home expansions, or anyone seeking a property that immediately leads its area in market value may find other homes a better fit. This is a value-oriented, practical home.
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