Property score
67.4
Good
Overall 67.4 · Smaller but newer than most nearby homes
1,040 sqft (bottom 28%) · Built in 1978
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer 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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67.4 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
35 Lake Grove Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 218 m), 1 parks (nearest 317 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%
35 Lake Grove Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 35 Lake Grove Bay, Waverley Heights
Section 1: Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1978 on a 6,297 sqft lot, presents a specific value proposition within the Waverley Heights neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a desirable area. The assessed value of $388k is notably below the street average, suggesting a potential value opportunity for a buyer willing to invest in updates. The lot size is a standout feature, offering above-average outdoor space city-wide, which is a significant asset for gardening, expansion, or simply enjoying more privacy.
The home would suit first-time buyers or downsizers seeking a solid foundation in a well-established community without the premium price tag of larger or fully renovated homes on the same street. It’s a practical choice for a buyer who sees potential in the generous lot and is comfortable with a living space that is cozier than many of its immediate neighbors. A less obvious perspective is that its "below average" metrics on its own street could mean less property tax pressure relative to neighbors, while still providing access to the same community amenities and location benefits.
Section 2: Frequently Asked Questions
1. Is the living area small for the neighborhood?
Yes, at 1,040 sqft, the living area is below the average for both Lake Grove Bay (1,383 sqft) and the wider Waverley Heights area. This indicates a more compact home compared to many in the immediate vicinity.
2. Why is the assessed value lower than the street average?
The assessed value of $388k ranks in the top 91% on its street, meaning it's one of the lower values among 56 comparable homes. This typically reflects the home’s smaller size, its unrenovated state, or a combination of factors compared to more updated or larger homes on the block.
3. How does the lot size compare?
The lot is a key strength. At over 6,000 sqft, it is larger than the average lot city-wide and is a competitive size even on its own street, offering more usable outdoor space than many properties.
4. Is the 1978 build date a concern?
Not inherently. The build date is typical for the street and neighborhood. It does mean the home may require updates to major systems (like roof, windows, HVAC) that are reaching the end of a typical lifespan, which is a standard consideration for homes of this era.
5. What does "around average" for city-wide assessed value mean?
It means this home’s assessed value is very close to the median for similar homes across Winnipeg ($390.1k). This positions it as a very typical Winnipeg property in terms of value, but located within a neighborhood where average values are generally higher.
