Property score
80.3
Excellent
Overall 80.3 · Larger and newer than most nearby homes
1,507 sqft (top 19%) · Built in 1978
Located in a high-income area with median household income of ~104k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 2 parks nearby
Living Area
Above average
22% larger than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 59%Chinese · 10%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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80.3 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: #46110976
$104K
Median household income
$125K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
13%
Single-person households
37%
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
42 Lake Island Crescent — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 251 m), 2 parks (nearest 261 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 | Top 40% | Top 19% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 42 Lake Island Crescent in Waverley Heights presents a compelling opportunity for buyers seeking above-average space and established character. Its key appeal lies in its strong and consistent performance across multiple metrics when compared to its immediate neighbors, the broader community, and the entire city of Winnipeg.
The 1,507 sqft residence sits on a generous 7,356 sqft lot, with both figures ranking in the top 20% of the local area. This offers more room both inside and out than most comparable homes nearby. Built in 1978, it is notably well-maintained or updated for its age, ranking as the newest on its street. The city's assessed value for taxes is $455,000, which is higher than average across all comparison levels, often indicating perceived quality, desirable features, or a premium location within its zones.
This property would suit buyers who value established neighborhoods with mature landscaping and more substantial lot sizes. It’s ideal for someone looking for a home that already stands out in its immediate circle in terms of size and condition, without being an extreme outlier. It may also appeal to those who see a higher assessed value as a marker of a solid investment within a stable community, though this also means property taxes will be correspondingly higher.
Frequently Asked Questions
1. What does it mean that the home ranks #1 on its street for "Build Year"?
This means that among the 23 comparable properties on Lake Island Crescent, this 1978-built home is considered the newest or among the most recently updated, giving it a potential advantage in systems, structure, or modernizations over its direct neighbors.
2. The assessed value is above average. Is this good or bad?
It's a double-edged sword. A consistently high assessment across street, community, and city comparisons often reflects desirable attributes that the municipal assessor recognizes, which can be positive for equity. However, it directly results in a higher annual property tax bill compared to homes with a lower assessed value.
3. How significant is the lot size advantage?
The lot is approximately 1,100 sqft larger than the street average and 1,400 sqft larger than the community average. This provides tangible extra outdoor space for gardening, recreation, or expansion, and is a less common find in established neighborhoods.
4. The home is above average in size for the area, but close to the city average. What does this indicate?
This suggests you are getting a home that feels spacious and premium within its own desirable community of Waverley Heights, even if its size is more typical on a city-wide scale. The value is in outperforming its immediate locale.
5. Where can I see how this property specifically compares to the houses right around it?
For a visual, side-by-side comparison of this home's key stats (like build year, living area, and assessed value) against its immediate neighbors, you can use the dedicated "Open Surrounding Map Analysis" tool mentioned in the details.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
