26 Swan Lake Bay

Waverley Heights, Winnipeg

Property score

73.0

Good

Overall 73.0 · Larger and newer than most nearby homes

1,331 sqft (top 28%) · Built in 1978

Located in a above-average income area with median household income of ~83k

Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 park nearby

Living Area

Above average

7% larger than neighborhood avg.

Year Built

Above average

0 yrs newer than neighborhood avg.

Mother tongue

English · 56%Punjabi · 9%

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

73.0 is composed by the two sections below.

Property Score

72.9Good
Living Area1,331 sqft71Good
Year Built197867Good
Lot Size8,993 sqft93Excellent
Neighbourhood Sales Activity59Fair

Community Score

73.2Good
Household Income78Good
Education Level82Excellent
Housing Stress42Low
Core Housing Need76Good
Employment Health60Fair

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: #46110978

Community deep dive

$83K

Median household income

$79K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

22%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)1,089
Labour force participation rate64%
Median age33.2
Avg household size2.5
Unemployment rate9%
Population density457 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households22%
Couple families with children26%
Median household income (2020)$83K

Housing

Renter households56%
Condominium dwellings5%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority48%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Punjabi · 8%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,331 sqft
0255075100
Same streetTop 20%Same areaTop 28%CitywideTop 40%
Same street · Swan Lake Bay
#9 / 46
Top 20% · Avg 1,158 sqft
Same area · Waverley Heights
#452 / 1,633
Top 28% · Avg 1,239 sqft
Citywide · Winnipeg
#77,083 / 194,458
Top 40% · Avg 1,342 sqft

Tax-Assessed Value

above average
448k
0255075100
Same streetTop 17%Same areaTop 21%CitywideTop 29%
Same street · Swan Lake Bay
#8 / 46
Top 17% · Avg 412.7k
Same area · Waverley Heights
#349 / 1,633
Top 21% · Avg 398.1k
Citywide · Winnipeg
#55,893 / 194,458
Top 29% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetBottom 48%Same areaTop 18%CitywideTop 35%

Lot Size

above average
8,993 sqft
0255075100
Same streetTop 22%Same areaTop 9%CitywideTop 8%

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

26 Swan Lake Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 326 m), 1 parks (nearest 298 m).

Search radius
🏫Education1
🌳Parks1

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 8/2021CA$450k–500k
Sold price

Same street

Top 27%

Same area

Top 11%

City-wide

Top 20%

Related homes

Highlights & common questions: 26 Swan Lake Bay, Winnipeg

Property Summary: 26 Swan Lake Bay

Key Characteristics & Appeal

This well-situated home on Swan Lake Bay presents a compelling blend of space, location, and value. Its primary appeal lies in offering above-average attributes within its immediate surroundings. The 1,331 sqft living area is notably larger than most homes on its street and in the Waverley Heights neighborhood. The standout feature is the generous 8,993 sqft lot, which places it in the top 10% of the neighborhood for land area, offering significant outdoor space and privacy that is increasingly rare.

With an assessed value of $448k, the property holds a strong position, ranking in the top 20% on its street and outperforming average values at every geographic level. Built in 1978, it is a solidly maintained home from an era known for durable construction, and it is newer than most comparable homes city-wide.

This property would ideally suit buyers looking for a established home in a desirable area who prioritize generous lot size over a brand-new build. It’s an excellent match for growing families seeking room to play and entertain outdoors, or for anyone valuing a sense of space and a home that represents a sound, above-average investment within its community.


Frequently Asked Questions

Q: How does this home’s size compare to others nearby?
A: The living space is comfortably above average for both the street and the wider Waverley Heights neighborhood. You’re getting more interior space than roughly 70-80% of comparable local homes.

Q: Is the assessed value a reliable indicator of the property’s market position?
A: The assessed value consistently ranks in the top third at the street, neighborhood, and city level. This suggests the property is recognized as a higher-value asset in its area, which is a positive indicator, though market conditions will always determine the final sale price.

Q: What does the lot size mean in practical terms?
A: At nearly 9,000 sqft, the lot is a significant asset. It places the property in the top 9% of the neighborhood for land area, offering ample potential for gardening, expansion, recreation, or simply enjoying more privacy and distance from neighbors.

Q: The home was built in 1978. Should I be concerned about major updates?
A: While the year is around average for the street, it is newer than the typical Winnipeg comparable home. Buyers should expect a standard inspection for a home of this age, focusing on roof, windows, and major systems, which may be original or have undergone various updates over the decades.

Q: The rankings show "city-wide" averages are sometimes higher. Why?
A: The city-wide comparison includes a vast mix of homes. While this property’s living area is near the city average, its true strength is its relative standing in a sought-after neighborhood like Waverley Heights. Its value and lot size significantly outperform the city average, highlighting its desirability within a specific, premium context.

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