Property score
53.1
Fair
Overall 53.1 · Smaller than most nearby homes
800 sqft (bottom 3%) · 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
35% 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
268 Lake Village Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 206 m), 1 parks (nearest 202 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 30% | Bottom 13% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 268 Lake Village Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 800 sqft bungalow at 268 Lake Village Road presents a specific and compelling value proposition. Its key characteristic is its position as a more modest and affordable entry point into the well-established Waverley Heights neighborhood. Built in 1977, the home is actually newer than most on its own street and aligns with the area's average age.
The primary appeal lies in its efficient use of space and its assessed value, which is notably below averages for both the immediate neighborhood and the wider city. This creates an opportunity for buyers seeking lower property taxes and a manageable footprint without sacrificing location. The lot, while smaller than area norms, offers a low-maintenance yard.
This property would ideally suit first-time buyers, downsizers looking to rightsize, or pragmatic investors seeking a rental in a stable area. It’s for those who prioritize financial efficiency and location over sheer square footage, understanding that they are acquiring a "smaller piece of a desirable pie." A less obvious perspective is that its compact size and lower assessment could be seen as insulated advantages; in a high-interest rate environment or for those seeking sustainable living, a smaller, efficient home in a good area is a strategic choice.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the home is below average in size for the street, neighborhood, and city. It requires an efficient layout and is best for individuals, couples, or small families who prioritize location and affordability over spaciousness.
2. Why is the assessed value lower than the area average?
The assessed value of $290k is significantly below neighborhood averages, reflecting the home's smaller living area and lot size. This typically translates to lower annual property taxes, which is a key part of its affordability.
3. What does the "newer than street average" year built mean?
Built in 1977, this home is newer than many on Lake Village Road. This suggests potentially fewer immediate concerns with major aging components compared to older peers, though a full inspection is always recommended.
4. How does the lot size impact the property?
The lot is approximately 3,000 sqft, which is smaller than most in Waverley Heights. This means less outdoor maintenance but also less private yard space. It aligns with the home's overall theme of efficient, low-maintenance living.
5. Who would this property not suit?
It would likely not meet the needs of buyers requiring multiple large bedrooms, extensive living and storage space, or who desire a large, private yard for gardening or recreation. It is a compact home in a neighborhood of generally larger properties.
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