Property score
69.6
Good
Overall 69.6 · Older than most nearby homes
1,176 sqft (top 44%) · Built in 1975 (3 yrs older than avg)
Located in a high-income area with median household income of ~116k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 4 parks nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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69.6 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: #46110975
$116K
Median household income
$130K
Average household income
8%
Low income (LIM-AT)
0.4
Income inequality (Gini)
2.9
P90 / P10 ratio
4%
Single-person households
41%
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
47 Forest Lake Drive — 6 amenities found within 500 m, across 2 categories, including 2 education (nearest 324 m), 4 parks (nearest 111 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 1% | Bottom 44% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 47 Forest Lake Drive
Key Characteristics & Appeal
This 1975-built home in Waverley Heights presents a compelling opportunity centered on value and lot size. With 1,176 sqft of living space, the home itself is more compact than most on its street, ranking in the top 6% for smaller size on Forest Lake Drive. This is reflected in its assessed value of $393k, which is notably below the street average. The appeal here is twofold. First, the 6,432 sqft lot is a significant asset, offering above-average outdoor space citywide. Second, its position as a smaller, more affordable home on a street of larger, higher-value properties suggests potential for future value growth through updates or expansion.
It would suit practical first-time buyers or downsizers seeking a manageable home with a generous yard in an established neighborhood. It’s also a strategic fit for value-oriented investors or renovators who see potential in the gap between this home’s current assessment and the higher averages on the street and in the area.
Frequently Asked Questions
1. Is this a small house?
Yes, at 1,176 sqft, the living area is below the average for both the immediate street and the wider Waverley Heights neighborhood. It is a more compact, single-story layout.
2. Why is the assessed value lower than the street average?
The assessment aligns with the home’s smaller size and older construction date relative to many neighbors. The average value on Forest Lake Drive is pulled up by several larger, higher-value homes.
3. What is the standout feature of this property?
The lot size. At over 6,400 sqft, it provides substantial outdoor space that is larger than the typical Winnipeg lot, offering room for gardens, recreation, or future additions.
4. How does the home’s age compare to others?
Built in 1975, it is around average for its street but is actually newer than many homes in the broader Winnipeg comparison group. Major systems like roof, furnace, and windows should be verified for age and condition.
5. What does the ranking data mean for a buyer?
The rankings show this property is an "outlier" on its own street in terms of size and value, but fits more closely to neighborhood and city averages. This can indicate an entry point into a desirable street, but the home may require modernization to match surrounding properties.
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