Property score
70.7
Good
Overall 70.7 · Compared with neighbourhood average
1,120 sqft (bottom 44%) · Built in 1977 (1 yr older than avg)
Located in a high-income area with median household income of ~116k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 2 schools, and 2 parks nearby
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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70.7 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: #46110975
$116K
Median household income
$130K
Average household income
8%
Low income (LIM-AT)
0.4
Income inequality (Gini)
2.9
P90 / P10 ratio
4%
Single-person households
41%
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
38 Lakeside Drive — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 415 m), 2 parks (nearest 246 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 21% | Bottom 34% | Bottom 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 26% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 38 Lakeside Drive, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1977 on a 6,047 sqft lot, presents a compelling value proposition within the established Waverley Heights neighborhood. Its primary appeal lies in its competitive assessed value of $383k, which is notably below the street average and aligns with broader area and city benchmarks. This creates an accessible entry point into a desirable street where homes are typically valued higher.
The property suits first-time buyers, downsizers, or value-focused investors seeking a solid foundation in a mature community. While the living space is more compact than others on Lakeside Drive, it is comfortably on par with the wider neighborhood. A thoughtful perspective is that the home’s older vintage, relative to the street, may offer untapped potential for updates that could increase its value in a context of generally newer homes. Furthermore, the lot size, while smaller than others on the block, is actually above average city-wide, offering good outdoor space for the area.
Frequently Asked Questions
1. Is the home’s below-average size for the street a major drawback?
Not necessarily. While the living area is smaller than the street average, it is consistent with many homes across the Waverley Heights neighborhood and Winnipeg overall. It represents a more efficient and potentially easier-to-maintain footprint.
2. Why is the assessed value so much lower than the street average?
The assessed value is influenced by multiple factors, including the home's size, age, and specific features. Its ranking suggests it is perceived as a more modest property on a street with larger or more updated homes, which is reflected in its official valuation.
3. What does the "Above Average" city-wide ranking for land area mean?
It indicates that, compared to similar properties across all of Winnipeg, this home's lot is larger than most. This is a positive attribute, offering more private outdoor space than the typical city property.
4. How should I interpret the year-built rankings?
The home was built in 1977, which is newer than many city-wide comparables but is one of the older homes on its specific street. This suggests the immediate area has seen redevelopment or newer construction over time.
5. Are these rankings a good indicator of future value?
They are a snapshot of current comparative metrics, not a prediction. The data shows the home is priced accessibly within its immediate context, which could provide a stable base. Any renovations or market shifts could positively influence its future standing.
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