Property score
53.1
Fair
Overall 53.1 · Smaller than most nearby homes
827 sqft (bottom 6%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~83k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 56%Punjabi · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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53.1 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: #46110978
$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
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
262 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 216 m), 1 parks (nearest 220 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 35% | Bottom 31% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 262 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 827 sqft bungalow at 262 Lake Village Road presents a specific and compelling value proposition. Built in 1977, it is notably newer than most homes on its street, offering modern advantages in wiring, insulation, and layout compared to older stock. The home sits on a manageable 2,999 sqft lot, which translates to less maintenance than larger plots common in the wider Waverley Heights neighborhood and across Winnipeg.
Its primary appeal lies in its position as an accessible entry point into a desirable, established area. While the living space and lot size are below neighborhood and city averages, the assessed value reflects this, sitting comfortably below local benchmarks. This creates an opportunity for buyers seeking location and a newer build year over sheer square footage. It would suit first-time buyers, downsizers looking to rightsize without leaving the area, or practical investors seeking a lower-maintenance property with solid fundamentals in a mature community. A thoughtful perspective is that its smaller scale can mean lower utility costs and property taxes, offering efficiency in a high-value neighborhood.
Frequently Asked Questions
1. Is the house significantly smaller than its neighbors?
Yes, at 827 sqft, the living area is below the average for both Lake Village Road and the wider Waverley Heights area. This is a key factor in its pricing and appeals to those prioritizing a manageable space.
2. What does the assessed value tell me about the price?
The assessed value of $300k is below the average for the street, neighborhood, and city. This suggests the property is priced in line with its physical characteristics (size, lot) and may offer relative value for the location.
3. The lot seems small. Are there any advantages to that?
The 2,999 sqft lot is smaller than typical for the area. This means less yard work and lower outdoor maintenance, which can be a benefit for those seeking a low-maintenance lifestyle or who prefer to spend less time on landscaping.
4. The home was built in 1977. Is that a concern?
On Lake Village Road, a 1977 build date is actually newer than most, ranking in the top 12%. This generally suggests potentially updated building materials and systems compared to much older homes, though a full inspection is always recommended.
5. How does this property fit within the Waverley Heights neighborhood?
It serves as a more affordable, lower-maintenance option within a sought-after neighborhood. You are paying for the location and community amenities, with a home that offers practical, efficient living rather than the larger footprint common in the area.
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