Property score
55.4
Fair
Overall 55.4 · 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 ~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
35% 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
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55.4 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
275 Lake Village Road — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 242 m), 1 healthcare (nearest 471 m), 1 parks (nearest 174 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 41% | Bottom 18% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 275 Lake Village Road, Winnipeg
Key Characteristics & Appeal
This 1977-built home in Waverley Heights presents a distinct value proposition centered on its desirable location and efficient footprint. Its primary appeal lies in its significantly lower assessed value compared to its immediate surroundings. While its 800 sqft living area and 2,999 sqft lot are below average for the street, neighborhood, and city, this translates into a notably affordable entry point into a well-established area. The home is newer than most on its specific street, suggesting potentially fewer immediate updates relative to neighboring properties.
This property would suit first-time buyers or downsizers seeking a lower-maintenance home in a mature neighborhood without the premium price tag of larger lots and floorplans. It’s a practical choice for those who prioritize location and financial accessibility over space, offering the chance to build equity in a sought-after area. The compact lot also means less yard work, which can be a hidden benefit for busy professionals or those looking to simplify.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s smaller size relative to its peers. It indicates a potentially lower property tax burden and a competitive purchase price for the location, but a professional inspection is always recommended to assess condition.
2. How does the smaller living area impact daily life?
The home offers efficient, manageable space. It encourages a simpler lifestyle and may have lower utility costs. Buyers should thoughtfully consider furniture scale and storage solutions.
3. What does the "newer than street average" year built mean for me?
While still a 1977 home, being newer than many on the block could suggest systems (like wiring or plumbing) might be marginally younger, but this is not guaranteed. The core components will still be of an age that warrants thorough inspection.
4. Is the smaller lot a major drawback?
It depends on your lifestyle. It offers ample space for a patio or garden but not for extensive additions or sprawling recreation. It’s a benefit for those seeking minimal outdoor upkeep while still having private outdoor space.
5. Why is this home priced so accessibly for Waverley Heights?
The price is largely a reflection of its compact size relative to the typical larger homes in the area. You are paying predominantly for the location and the neighborhood, rather than for square footage, making it an affordable pathway into the community.
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