36 East Lake Drive

Waverley Heights, Winnipeg

Property score

62.1

Fair

Overall 62.1 · Smaller but newer than most nearby homes

900 sqft (bottom 9%) · Built in 1978

Located in a high-income area with median household income of ~97k

Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 2 schools, 5 healthcare facilitys, and 3 shops nearby

Living Area

Below average

27% smaller than neighborhood avg.

Year Built

Above average

0 yrs newer than neighborhood avg.

Mother tongue

English · 50%Punjabi · 13%

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

62.1 is composed by the two sections below.

Property Score

49.5Low
Living Area900 sqft42Low
Year Built197867Good
Lot Size4,453 sqft53Fair
Neighbourhood Sales Activity59Fair

Community Score

81.0Excellent
Household Income83Excellent
Education Level72Good
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

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: #46110980

Community deep dive

$97K

Median household income

$107K

Average household income

10%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

10%

Single-person households

31%

Families with children

Population, labour & age

Population (2021)599
Labour force participation rate71%
Median age32.8
Avg household size3.1
Unemployment rate12%
Population density2995 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households10%
Couple families with children31%
Median household income (2020)$97K

Housing

Renter households22%
Condominium dwellings7%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority59%
Bachelor's or higher (25–64)38%
Mother tongue (1st)English · 50%
Mother tongue (2nd)Punjabi · 12%

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

Rankings

Living Area

below average
900 sqft
0255075100
Same streetBottom 26%Same areaBottom 9%CitywideBottom 17%
Same street · East Lake Drive
#23 / 31
Bottom 26% · Avg 1,003 sqft
Same area · Waverley Heights
#1,493 / 1,633
Bottom 9% · Avg 1,239 sqft
Citywide · Winnipeg
#162,141 / 194,458
Bottom 17% · Avg 1,342 sqft

Tax-Assessed Value

below average
288k
0255075100
Same streetBottom 3%Same areaBottom 2%CitywideBottom 26%
Same street · East Lake Drive
#30 / 31
Bottom 3% · Avg 310.3k
Same area · Waverley Heights
#1,595 / 1,633
Bottom 2% · Avg 398.1k
Citywide · Winnipeg
#143,830 / 194,458
Bottom 26% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 16%Same areaTop 18%CitywideTop 35%

Lot Size

above average
4,453 sqft
0255075100
Same streetTop 19%Same areaBottom 24%CitywideBottom 33%

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

36 East Lake Drive — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 457 m), 2 education (nearest 299 m), 5 healthcare (nearest 374 m).

Search radius
🍽️Dining1
🏫Education2
🏥Healthcare5
🛒Shopping3
🌳Parks2
Fuel Stations1

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 11/2022CA$250k–300k
Sold price

Same street

Top 39%

Same area

Bottom 13%

City-wide

Bottom 29%
Sold 4/2017CA$200k–250k
Sold price

Same street

Bottom 11%

Same area

Bottom 1%

City-wide

Bottom 19%

Related homes

Highlights & common questions: 36 East Lake Drive, Winnipeg

Property Overview: 36 East Lake Drive

Key Characteristics & Appeal

This 1978-built home in Waverley Heights presents a clear value proposition within its market. Its primary appeal lies in its price point. With an assessed value of $288k, it stands significantly below the neighborhood average of $398k and the city average of $390k. This makes it one of the most affordable homes on East Lake Drive. The lot size of 4,453 sq ft is also notably larger than the street average, offering good outdoor space for the area.

The home is compact, with 900 sq ft of living space, which is below average for the street, neighborhood, and city. This characteristic defines its ideal buyer: a first-time homebuyer, an investor, or a downsizer seeking an entry point into a established neighborhood without a premium price tag. It suits those who prioritize land size and affordability over interior square footage, and who are comfortable with a home that may require updates reflective of its era and valuation. A less obvious perspective is that its lower assessment could provide relative property tax savings compared to neighboring homes, and its "below average" size metrics highlight an opportunity for efficient living or a strategic renovation to increase the home's footprint and value over time.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on municipal evaluation, which considers factors like living area, age, and recent sales. The home's smaller size (900 sq ft) is the primary driver, placing its official valuation in a lower bracket than larger homes in Waverley Heights.

2. What does the "Above Average" ranking for "Year Built" mean?
A lower percentile rank (like 16%) for year built is actually better, indicating the home is newer than most comparables. Being ranked #5 out of 31 on its street means it is one of the more recently built houses on East Lake Drive.

3. Is the lot size a positive feature?
Yes. At 4,453 sq ft, the lot is larger than the average lot on its street (3,326 sq ft). This provides more private outdoor space than many immediate neighbors, though it is smaller than the broader neighborhood average.

4. Who would this property suit best?
It is ideally suited for budget-conscious buyers looking to enter the market, such as first-time buyers or investors. It's also a candidate for someone looking to downsize into a manageable home with a decent-sized yard without leaving the neighborhood.

5. Are there any obvious trade-offs for the lower price?
The main trade-off is living space. The home's interior is compact, which may require creative use of space or limit larger household configurations. Buyers should be prepared for a home that likely reflects its original 1978 era and price point in terms of finishes and potential update needs.

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