27 Lakeshore Road

Waverley Heights, Winnipeg

Property score

78.4

Good

Overall 78.4 · Larger but older than most nearby homes

1,919 sqft (top 5%) · Built in 1975 (3 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 shop, and 3 parks nearby

Living Area

Above average

55% larger than neighborhood avg.

Year Built

Below average

3 yrs older than neighborhood avg.

Mother tongue

English · 62%Punjabi · 6%

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

78.4 is composed by the two sections below.

Property Score

80.8Excellent
Living Area1,919 sqft92Excellent
Year Built197558Fair
Lot Size5,885 sqft74Good
Neighbourhood Sales Activity59Fair

Community Score

74.9Good
Household Income85Excellent
Education Level54Fair
Housing Stress74Good
Core Housing Need100Excellent
Employment Health42Low

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: #46111191

Community deep dive

$100K

Median household income

$98K

Average household income

10%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.4

P90 / P10 ratio

13%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)423
Labour force participation rate55%
Median age42.0
Avg household size2.9
Unemployment rate11%
Population density2643 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households13%
Couple families with children26%
Median household income (2020)$100K

Housing

Renter households10%
Condominium dwellings0%
Median dwelling value (owners)$384K

Diversity, education & language

Immigrants (share of pop.)26%
Visible minority46%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 61%
Mother tongue (2nd)Punjabi · 5%

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

Rankings

Living Area

Elite
1,919 sqft
0255075100
Same streetTop 15%Same areaTop 5%CitywideTop 13%
Same street · Lakeshore Road
#6 / 39
Top 15% · Avg 1,524 sqft
Same area · Waverley Heights
#79 / 1,633
Top 5% · Avg 1,239 sqft
Citywide · Winnipeg
#25,108 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

around average
421k
0255075100
Same streetBottom 31%Same areaTop 35%CitywideTop 34%
Same street · Lakeshore Road
#27 / 39
Bottom 31% · Avg 453.2k
Same area · Waverley Heights
#570 / 1,633
Top 35% · Avg 398.1k
Citywide · Winnipeg
#65,393 / 194,458
Top 34% · Avg 390.1k

Year Built

around average
1975
0255075100
Same streetBottom 38%Same areaBottom 14%CitywideTop 40%

Lot Size

around average
5,885 sqft
0255075100
Same streetBottom 41%Same areaBottom 48%CitywideTop 35%

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

27 Lakeshore Road — 9 amenities found within 500 m, across 7 categories, including 1 dining (nearest 499 m), 1 education (nearest 124 m), 1 shopping (nearest 464 m).

Search radius
🍽️Dining1
🏫Education1
🛒Shopping1
🌳Parks3
🏦Finance1
Fuel Stations1
Worship1

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 3/2020CA$350k–400k
Sold price

Same street

Bottom 20%

Same area

Top 38%

City-wide

Top 42%

Related homes

Highlights & common questions: 27 Lakeshore Road, Winnipeg

Property Overview: 27 Lakeshore Road, Waverley Heights

Key Characteristics & Appeal

This home presents a compelling proposition centered on generous interior space within a well-established setting. Its primary standout feature is its 1,919 sqft living area, which ranks above average for its street and places it within the elite top 5% for size in the desirable Waverley Heights neighborhood. This means you get significantly more house than most in the area. Built in 1975, the property is typical for its immediate street but is among the older homes in the broader neighborhood, suggesting a classic, settled character.

The appeal lies in this space advantage paired with a valuation that aligns with averages. While the home itself is larger than most nearby, its assessed value sits around the local and citywide norms. This can indicate a perceived value opportunity for buyers who prioritize square footage. The lot size is also consistent with area averages, providing standard outdoor space.

It would best suit buyers looking for a spacious family home in a mature neighborhood without a premium price tag for that extra room. It’s ideal for someone who values interior volume over a newer build date and sees potential in a well-located, classic property.


Frequently Asked Questions

1. Is the assessed value a good indicator of the listing or sale price?
Not directly. The assessed value is for municipal tax purposes. Market conditions, recent upgrades, and the home’s specific condition will determine the actual sale price. The assessment does, however, show the home is valued in line with area averages.

2. The home is older than many in Waverley Heights. Should I be concerned?
Not necessarily. An older build date on this street is typical. It primarily means the home may have original features or systems that could require updating, which is a key consideration for inspection and renovation budgeting.

3. The living area is in the top 5% for the neighborhood, but the value isn’t. Why?
This is the key point. The size premium may be offset by factors like the home’s age, layout efficiency, or condition. It suggests you are paying primarily for space, not for a premium finish level or newer construction, which can be an advantage for the right buyer.

4. How does the lot size compare?
At just under 6,000 sqft, the lot is slightly smaller than the street average but very typical for the wider neighborhood and city. It offers standard suburban outdoor space without being exceptionally large or small.

5. What do these rankings actually tell me?
They provide context. They show that this property’s most distinguishing feature is its above-average interior space within a sought-after neighborhood, while other metrics like value, age, and lot size are unexceptional. This helps identify what you are primarily getting for your investment.

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