44 Gundy Lake Bay

Waverley Heights, Winnipeg

Property score

76.9

Good

Overall 76.9 · Larger and newer than most nearby homes

1,418 sqft (top 23%) · Built in 1994 (16 yrs newer than avg)

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

Above average

14% larger than neighborhood avg.

Year Built

Above average

16 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

76.9 is composed by the two sections below.

Property Score

74.2Good
Living Area1,418 sqft75Good
Year Built199481Excellent
Lot Size5,082 sqft67Good
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

above average
1,418 sqft
0255075100
Same streetBottom 33%Same areaTop 23%CitywideTop 35%
Same street · Gundy Lake Bay
#8 / 12
Bottom 33% · Avg 1,509 sqft
Same area · Waverley Heights
#375 / 1,633
Top 23% · Avg 1,239 sqft
Citywide · Winnipeg
#67,422 / 194,458
Top 35% · Avg 1,342 sqft

Tax-Assessed Value

above average
465k
0255075100
Same streetBottom 8%Same areaTop 15%CitywideTop 26%
Same street · Gundy Lake Bay
#11 / 12
Bottom 8% · Avg 516.1k
Same area · Waverley Heights
#251 / 1,633
Top 15% · Avg 398.1k
Citywide · Winnipeg
#50,068 / 194,458
Top 26% · Avg 390.1k

Year Built

Elite
1994
0255075100
Same streetBottom 17%Same areaTop 2%CitywideTop 20%

Lot Size

around average
5,082 sqft
0255075100
Same streetBottom 1%Same areaBottom 30%CitywideBottom 47%

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

44 Gundy Lake Bay — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 356 m), 2 education (nearest 250 m), 5 healthcare (nearest 300 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 6/2022CA$550k–600k
Sold price

Same street

Top 20%

Same area

Top 2%

City-wide

Top 8%
Sold 8/2019CA$350k–400k
Sold price

Same street

Bottom 1%

Same area

Top 32%

City-wide

Top 37%

Related homes

Highlights & common questions: 44 Gundy Lake Bay, Winnipeg

Property Summary: 44 Gundy Lake Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling value proposition within the desirable Waverley Heights neighborhood. Its key appeal lies in offering above-average interior space and a modern build year for the area, at an assessed value that is notably reasonable for its immediate street.

The 1,418 sqft living area is spacious for both the neighborhood and city, ranking well above the local average. Built in 1994, the property is newer than most homes in Waverley Heights, placing it in the top 2% for its area—a significant advantage suggesting potentially fewer major upkeep concerns. While the lot is smaller than others on Gundy Lake Bay, it remains in line with broader neighborhood and city averages, offering manageable outdoor space.

This property would suit value-conscious buyers seeking a well-sized, relatively modern home in an established area. It’s particularly appealing for those who prioritize interior space and contemporary infrastructure over a large yard. The below-average assessed value for the street indicates a potentially attractive entry point into a street of generally higher-valued homes, making it a smart pick for buyers looking for a footprint in a good neighborhood without the premium price tag of the largest lots.

Section 2: Frequently Asked Questions

1. Is the lot size a drawback?
While it is the smallest lot on Gundy Lake Bay, it is typical for the wider Waverley Heights area and the city. It offers manageable maintenance, which can be a benefit for many, without sacrificing the neighborhood's overall appeal.

2. Why is the assessed value lower than the street average?
The assessed value is likely influenced by the smaller lot size relative to neighbors. This can represent an opportunity, as you acquire a home with above-average living space and a newer build year for the area at a value-oriented point.

3. How does the 1994 build year compare?
It is a significant advantage. Being newer than 98% of comparable homes in Waverley Heights suggests systems (like roofing, windows, plumbing) may have more serviceable life remaining compared to the neighborhood standard, which averages 1978.

4. Is the living space competitive?
Yes. The home offers more interior space than most in the immediate neighborhood and is on par with the Winnipeg average. You get a spacious interior for the area, which is a key trade-off for the smaller lot.

5. What does the "street level" ranking tell us?
It shows this home is an outlier on its own street in specific ways: it has a smaller lot and lower assessed value than its neighbors. However, when viewed in the broader, highly-ranked Waverley Heights context, it transitions to being an above-average property in terms of value, size, and modernity.

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