Property score
59.0
Fair
Overall 59.0 · Smaller than most nearby homes
920 sqft (bottom 13%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~87k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, and 1 park nearby
Living Area
Below average
26% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
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
273 Lake Village Road — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 245 m), 1 healthcare (nearest 478 m), 1 parks (nearest 183 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 36% | Bottom 16% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 273 Lake Village Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 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 scale within a higher-value area. While the living space and lot size are below the neighborhood averages, the assessed value is significantly more accessible, positioning it as a practical entry point into the community.
The home suits first-time buyers or downsizers seeking a manageable property without the upkeep of a larger lot. Its efficient size also appeals to investors or buyers looking for a solid, no-fuss foundation with renovation potential. A thoughtful perspective is that its smaller scale and lower taxes could offer financial flexibility, while its older vintage on a street of similar-aged homes suggests a settled, consistent streetscape. It’s a property that trades sheer size for location and value, ideal for those who prioritize the neighborhood over the footprint.
Section 2: Frequently Asked Questions
1. Is the living area too small compared to other homes in the area?
Yes, at 920 sqft, it is below the Waverley Heights neighborhood average. However, it is much closer to the average for its specific street (Lake Village Road), indicating it’s in line with the scale of its immediate surroundings.
2. Why is the assessed value lower than the neighborhood average?
The assessed value of $301k is below the Waverley Heights average, largely reflecting the home’s smaller living area and lot size. This creates a value opportunity, as you gain access to the neighborhood at a lower price point and correspondingly lower property tax base.
3. What does the lot size mean for outdoor space?
The lot is 2,999 sqft, which is compact for the area. It will accommodate a backyard but is better suited for low-maintenance landscaping or a patio space rather than extensive gardens or recreational areas.
4. Is the 1977 build date a concern?
The home is one of the newer properties on its street (top 12%), suggesting it may have benefited from slightly updated construction standards for its era. As with any home of this age, a thorough inspection of major systems (roof, wiring, plumbing) is essential.
5. How does this property fit within the wider city market?
City-wide, this home offers a living area and assessed value that are around the Winnipeg average. Its key differentiator is its location within a desirable neighborhood where typical homes are larger and more expensive, offering a chance to live in Waverley Heights without the typical price tag.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
