Property score
59.0
Fair
Overall 59.0 · Smaller than most nearby homes
900 sqft (bottom 9%) · Built in 1977 (1 yr older than avg)
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
Below average
27% smaller than neighborhood avg.
Year Built
Near average
1 yrs older 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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59.0 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
251 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 276 m), 1 parks (nearest 247 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 43% | Bottom 20% | Bottom 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 251 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 900 sqft bungalow, built in 1977 on a 2,999 sqft lot, presents a compelling value proposition within the established Waverley Heights neighborhood. Its primary appeal lies in its relative affordability and efficient footprint. With an assessed value of $300K, it sits notably below both neighborhood and city averages, offering a more accessible entry point into a desirable area. The home is newer than most on its specific street, suggesting potentially fewer immediate updates compared to direct neighbors.
The property suits first-time buyers, downsizers, or value-focused investors seeking a lower-maintenance home in a mature community. Its smaller scale translates to manageable utility costs and upkeep. A thoughtful perspective is that its "below average" size and lot, relative to the broader area, are precisely what create its financial accessibility, allowing buyers to invest in location rather than excess space. It’s a home for those who prioritize community and practicality over square footage.
Frequently Asked Questions
1. Is the below-average living area a significant drawback?
Not necessarily. While smaller than many homes in Waverley Heights, the living area is actually close to the average for Lake Village Road itself. It represents a efficient, manageable layout ideal for individuals, couples, or small families.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value reflects the home's more compact size and smaller lot relative to the larger, often more substantial homes that define the wider neighborhood's average. This discrepancy is what creates its value position.
3. What does the "newer than street average" year built mean for me?
Being built in 1977, while newer than many on its block, still means the home is nearly 50 years old. Buyers should expect period-appropriate features and should prioritize a thorough inspection of major systems like roof, wiring, and plumbing, which may be due for updates or replacement.
4. How might the smaller lot size impact my living experience?
The lot is under 3,000 sqft, which means lower maintenance for gardening and yard work—a plus for many. However, it also means less private outdoor space and potentially closer proximity to neighbors compared to other properties in the area.
5. Are the property taxes likely to be lower?
Typically, yes. Since property taxes are based on the assessed value, a value significantly below the area average should result in correspondingly lower tax bills, which is an important ongoing cost consideration.
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