Property score
64.0
Fair
Overall 64.0 · Smaller but newer than most nearby homes
936 sqft (bottom 16%) · Built in 1978
Located in a high-income area with median household income of ~97k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 6 healthcare facilitys, and 3 shops nearby
Living Area
Below average
24% 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
46 Gull Lake Road — 21 amenities found within 500 m, across 7 categories, including 7 dining (nearest 423 m), 1 education (nearest 408 m), 6 healthcare (nearest 216 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 42% | Bottom 39% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Section 1: Property Overview
This 936 sqft bungalow at 46 Gull Lake Road, built in 1978, presents a practical and value-conscious opportunity in Winnipeg's Waverley Heights neighborhood. Its key appeal lies in its balance of a larger-than-average lot for the immediate street and a below-average assessed value for the broader neighborhood. With a lot size of 5,868 sqft ranking in the top 6% on its street, the property offers notable outdoor space potential compared to its direct neighbors, a feature often sought after but not always available in this price range.
The home suits first-time buyers, downsizers, or investors looking for an entry point into a stable neighborhood without a premium price tag. Its assessed value sits comfortably below both neighborhood and city averages for comparable homes, suggesting room for equity growth through updates. A thoughtful perspective is that while the living area is modest, the generous lot provides a clear avenue for future expansion or landscaping projects, making it a strategic choice for a buyer planning a longer-term, phased investment. It’s a property that trades immediate square footage for land value and future potential.
Section 2: Frequently Asked Questions
1. How does the home's value compare to others nearby?
The home's assessed value of $312k is notably below the Waverley Heights neighborhood average of ~$398k and slightly below the city average. On its own street, it ranks around the middle of the pack for value, indicating it may be priced accessibly within its most immediate market.
2. Is the lot size a significant advantage?
Yes, particularly on its specific street. The lot is over 1,400 sqft larger than the street average, placing it in the top 10% of lots on Gull Lake Road. This is a standout feature for gardening, outdoor living, or future additions.
3. The living area seems small. How does it compare?
At 936 sqft, the living area is below averages for the street, neighborhood, and city. This confirms the home is a more compact bungalow, which contributes to its accessible pricing and may appeal to those seeking efficient, low-maintenance living.
4. What does the "year built" ranking tell us?
Built in 1978, the home is newer than most in its neighborhood (ranking in the top 18%) but is around average for its street and the city. This suggests it's a mid-generation home in an established area, likely with some updates over time but not a recent build.
5. Who would this property not suit?
It may not suit buyers who prioritize immediate move-in condition with modern, open-concept layouts or those who need substantial indoor space without undertaking renovations. The value here is in the land and the foundation it provides for a personalized project.
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