Property score
80.3
Excellent
Overall 80.3 · Larger and newer than most nearby homes
1,591 sqft (top 14%) · Built in 2001 (23 yrs newer than avg)
Located in a high-income area with median household income of ~97k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 12 healthcare facilitys, and 1 shop nearby
Living Area
Above average
28% larger than neighborhood avg.
Year Built
Above average
23 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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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: #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
48 High Lake Bay — 19 amenities found within 500 m, across 6 categories, including 1 dining (nearest 413 m), 1 education (nearest 152 m), 12 healthcare (nearest 336 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% | Top 28% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 48 High Lake Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of modern convenience and established neighbourhood value. Built in 2001, it is notably newer than most homes in the Waverley Heights area and on its own street, suggesting updated infrastructure and less immediate need for major renovations. With 1,591 sqft of living space, it offers comfortable roominess that sits above the city and neighbourhood averages, though it is slightly more intimate than some direct neighbours on High Lake Bay.
The primary appeal lies in its strong value positioning within a desirable community. The assessed value ranks in the elite top 4% for the neighbourhood, indicating a premium property in a premium area. This isn't just a nice house; it's a high-ranking home within one of Winnipeg's established sectors. The lot size is generous and above the city average, providing good outdoor space while maintaining a manageable scale.
This property would ideally suit buyers looking for a move-in ready home in a mature neighbourhood without inheriting the common issues of an older build. It’s perfect for professionals or families seeking a solid, above-average home that stands out for its relative newness and assessed value within its community, rather than being the largest property on the block.
Section 2: Frequently Asked Questions
Q: How does this home’s value compare to others nearby?
A: Its assessed value is significantly above the neighbourhood average, placing it in the top 4% of Waverley Heights. On its own street, it ranks 5th highest out of 17 homes, confirming it as a premium offering in a well-regarded area.
Q: Is the living space considered large for the area?
A: Yes. The living area is above both the city and neighbourhood averages. While it’s slightly below the specific average for High Lake Bay street, it ranks in the top 14% for size within the wider Waverley Heights community.
Q: What are the implications of the 2001 build year?
A: Built in 2001, this home is newer than approximately 99% of comparable homes in Waverley Heights and 94% on its street. This typically suggests more contemporary construction standards, wiring, plumbing, and windows, potentially leading to lower near-term maintenance costs.
Q: Is the lot size a standout feature?
A: The lot is above the city average and provides ample yard space. Its size is generally in line with the neighbourhood and street averages, making it a solid, typical lot for the area rather than an exceptionally large one.
Q: What does the data say about the investment potential of this street?
A: High Lake Bay appears to be a street of above-average, consistent value. With an average assessed value significantly higher than the neighbourhood and city, the data suggests a stable and desirable location where this property holds a strong, but not the highest, position.
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