43 Lake Island Crescent

Waverley Heights, Winnipeg

Property score

75.6

Good

Overall 75.6 · Newer than most nearby homes

1,280 sqft (top 31%) · Built in 1978

Located in a high-income area with median household income of ~104k

Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 schools, and 2 parks nearby

Living Area

Near average

3% 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)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

75.6 is composed by the two sections below.

Property Score

69.1Good
Living Area1,280 sqft66Good
Year Built197867Good
Lot Size7,369 sqft88Excellent
Neighbourhood Sales Activity59Fair

Community Score

85.3Excellent
Household Income86Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

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: #46110976

Community deep dive

$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

Population, labour & age

Population (2021)567
Labour force participation rate69%
Median age40.8
Avg household size3.0
Unemployment rate8%
Population density2362 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households13%
Couple families with children37%
Median household income (2020)$104K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority31%
Bachelor's or higher (25–64)49%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Chinese · 9%

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

Rankings

Living Area

around average
1,280 sqft
0255075100
Same streetTop 35%Same areaTop 31%CitywideTop 43%
Same street · Lake Island Crescent
#8 / 23
Top 35% · Avg 1,236 sqft
Same area · Waverley Heights
#510 / 1,633
Top 31% · Avg 1,239 sqft
Citywide · Winnipeg
#83,403 / 194,458
Top 43% · Avg 1,342 sqft

Tax-Assessed Value

above average
433k
0255075100
Same streetBottom 48%Same areaTop 28%CitywideTop 31%
Same street · Lake Island Crescent
#12 / 23
Bottom 48% · Avg 436k
Same area · Waverley Heights
#459 / 1,633
Top 28% · Avg 398.1k
Citywide · Winnipeg
#61,069 / 194,458
Top 31% · Avg 390.1k

Year Built

Elite
1978
0255075100
Same streetTop 4%Same areaTop 18%CitywideTop 35%

Lot Size

Elite
7,369 sqft
0255075100
Same streetTop 4%Same areaTop 17%CitywideTop 14%

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

43 Lake Island Crescent — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 209 m), 2 parks (nearest 290 m).

Search radius
🏫Education2
🌳Parks2

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 8/2024CA$500k–550k
Sold price

Same street

Top 10%

Same area

Top 5%

City-wide

Top 13%

Related homes

Highlights & common questions: 43 Lake Island Crescent, Winnipeg

Property Overview: 43 Lake Island Crescent, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home in Waverley Heights presents a compelling blend of space, established character, and a strong lot. Built in 1978, its construction year is notably newer than most on its street, suggesting potentially fewer age-related concerns compared to immediate neighbors. The primary standout feature is the generous 7,369 sqft lot, which ranks in the top tier for Lake Island Crescent. This offers significant outdoor space for gardening, recreation, or future expansion, a rarity that becomes more valuable over time.

The 1,280 sqft living area is consistent with neighborhood and city averages, providing comfortable, functional space without being excessive. Its assessed value sits above the neighborhood average, indicating a perceived premium within Waverley Heights, yet remains aligned with the street and citywide context. This profile suggests a property that is not an outlier in size or value, but one that holds its ground with key advantages.

Its appeal lies in its balance and quiet strengths. It suits buyers looking for a established home in a mature neighborhood who prioritize a larger, private yard over a massive interior. It would also resonate with those who appreciate a home that is newer than its immediate peers, potentially offering more modern infrastructure. It’s a practical choice for a growing family, someone with outdoor hobbies, or a buyer who sees long-term value in land over flashy finishes.

Section 2: Frequently Asked Questions

1. Is the house significantly newer than others nearby?
Yes. Built in 1978, it is the newest home among its 23 direct comparables on Lake Island Crescent. This can be an advantage regarding the vintage of major components like plumbing, electrical, or foundation standards for the area.

2. How does the lot size compare?
The lot is a key feature. At 7,369 sqft, it is significantly larger than the street average (6,247 sqft) and provides above-average outdoor space for both the neighborhood and the city.

3. The assessed value seems high for the neighborhood. Why?
The assessed value of $433k is above the Waverley Heights average. This is likely influenced by the combination of its newer construction date, larger lot size, and specific location on the street, as perceived by municipal assessors.

4. Is the living space considered small?
No. At 1,280 sqft, the living area is very close to the average for the street, neighborhood, and city. It represents a standard, comfortable size for a family home in this market segment.

5. What does this data tell me about the investment potential?
The data suggests a stable, established property. Its above-neighborhood assessment and elite-tier lot size are positive value indicators. The fact that it ranks consistently around average or better across multiple scales (street, neighborhood, city) points to a home that is fundamentally aligned with market norms while possessing specific competitive advantages.

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