Property score
57.6
Fair
Overall 57.6 · 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 ~83k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, and 2 parks nearby
Living Area
Below average
26% 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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57.6 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
278 Lake Village Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 193 m), 1 healthcare (nearest 499 m), 2 parks (nearest 177 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 14% | Bottom 8% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 278 Lake Village Road presents a practical and efficient living option in Winnipeg's Waverley Heights area. Its key appeal lies in offering solid value within a well-established neighborhood, particularly for those seeking a manageable property without the upkeep of a larger lot or home.
Key Characteristics & Ideal Buyer
The 920 sqft bungalow, built in 1977, sits on a 3,009 sqft lot. Its most defining characteristic is its efficient scale. While the living space is slightly below the neighborhood average, it ranks very well on its own street, suggesting it fits comfortably within its immediate context. The assessed value of $307K is notably below the Waverley Heights average, indicating a potentially more accessible entry point into this area.
The property’s appeal is grounded in practicality. It suits first-time buyers, downsizers, or investors looking for a lower-maintenance home in a mature neighborhood. The lot size, while smaller than many in the wider area, translates to less yard work and a focused outdoor space. A thoughtful perspective is that this home represents a "right-sized" option: it avoids paying a premium for excess square footage or land you may not need, while still providing the stability and location of an established community.
Frequently Asked Questions
1. Is the smaller living area a concern?
The home is efficiently sized. It ranks in the top 38% on its own street for living area, meaning it is typical or slightly better for Lake Village Road. It’s designed for simpler living and easier maintenance.
2. Why is the assessed value lower than the neighborhood average?
The assessed value reflects the home's specific attributes—its size, lot, and features—within a neighborhood that includes many larger properties. This can represent a value opportunity to live in Waverley Heights at a lower tax assessment base.
3. What does the lot size mean for outdoor space?
At just over 3,000 sqft, the lot is manageable. It provides space for a patio, garden, or play area without demanding extensive landscaping or upkeep, which can be a benefit for those seeking a low-maintenance lifestyle.
4. How does the 1977 build year affect the home?
Built in 1977, the home is newer than many in Winnipeg overall. This suggests potentially more modern construction standards and systems than the citywide average, though a thorough inspection is always recommended to understand the condition of major components.
5. How does this property compare to others on the street?
The data shows this home is very consistent with its immediate neighbors. Its living area, assessed value, and build year are all representative of Lake Village Road, indicating it’s a standard offering for this specific street, which itself is part of a broader, generally more upscale neighborhood.
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