Property score
64.0
Fair
Overall 64.0 · 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 76.0 · 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)
627
415k
$333/sqft
1978
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64.0 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: #46110980
$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
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
40 East Lake Drive — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 445 m), 2 education (nearest 272 m), 5 healthcare (nearest 383 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%
40 East Lake Drive: 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: 40 East Lake Drive, Waverley Heights
Key Characteristics & Appeal
This 1978-built home in Waverley Heights presents a distinct profile defined by its generous lot and efficient footprint. At 900 sqft, the living area is notably compact, ranking below average for the street, neighborhood, and city. However, this is balanced by a land area of 5,873 sqft, which is significantly larger than most lots on East Lake Drive, ranking in the top 6% on the street. The assessed value of $334k sits above the street average but below the broader neighborhood average, suggesting a premium for its specific location and lot size within an immediate context of smaller, similarly valued homes.
The primary appeal lies in its land potential and location. The sizable lot offers room for expansion, gardening, or outdoor living—a relative rarity on the street. It suits a specific buyer: perhaps a downsizer seeking a manageable interior without sacrificing yard space, a first-time buyer comfortable with a cozy layout who values future expansion potential, or an investor recognizing the underlying land value. Its value proposition is less about the current home's size and more about the property's inherent assets—its position on a desirable street and the possibilities afforded by the lot.
Frequently Asked Questions
1. Is the home's below-average living area a concern?
It depends on your needs. The home is functionally compact, which suits minimalist living or lower maintenance. The data suggests you are paying primarily for location and land, not square footage. Consider whether the layout works for you now or if you're willing to renovate or expand later.
2. Why is the assessed value above the street average if the house is smaller?
The assessed value reflects more than just living area. Its high ranking on the street is likely influenced by its substantially larger lot size compared to neighbors and its specific location. Value is driven by the land asset and its position within a sought-after pocket of Waverley Heights.
3. How does the year built affect this property?
Built in 1978, it is typical for the immediate area. This means potential renovations should account for building standards and materials of that era. On a positive note, it places the home after the ban of aluminum wiring in 1973, a common concern in slightly older Winnipeg homes.
4. What can the nearby property listings tell me?
The listed nearby and similar homes show a consistent pattern on East Lake Drive: homes from the same era with modest sizes but solid values. This indicates a stable, established street where values are supported by the area's overall desirability, not by oversized homes.
5. How reliable is the price history provided here?
The site notes that its transaction history is based on public data, not MLS records, and may be incomplete. For fully verified sales history and exact figures, you must request a manual lookup via email, as industry rules prevent the display of MLS sold data on public platforms.
