Property score
56.3
Fair
Overall 56.3 · Smaller than most nearby homes
800 sqft (bottom 3%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~87k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 48%Punjabi · 15%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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56.3 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: #46110979
$87K
Median household income
$96K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
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
5 Lake Village Road — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 473 m), 1 education (nearest 335 m), 2 healthcare (nearest 425 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 | Top 19% | Bottom 44% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 5 Lake Village Road
Section 1: Key Characteristics & Appeal
This 800 sqft bungalow at 5 Lake Village Road presents a specific and compelling value proposition. Its key characteristic is its efficient, manageable size, which is reflected in its assessed value being very close to the street average ($311k vs. $309.5k). While the living area is below average for the street, neighborhood, and city, this translates into a home that is easier and more affordable to maintain, heat, and cool. The lot size is also more compact than others in the desirable Waverley Heights area, offering lower yard maintenance.
The appeal lies in its position as a relatively affordable entry point into a well-established neighborhood. Built in 1977, it is actually newer than many homes on its own street and across Winnipeg. This combination suggests a home that may have seen updates and benefits from modern building standards of its era, without the premium of a brand-new build. It would perfectly suit first-time buyers, downsizers seeking simplicity, or pragmatic investors looking for a solid rental property in a stable area. It’s a home for those who prioritize location and financial efficiency over sheer square footage.
Section 2: Frequently Asked Questions
1. Is the below-average living area a major drawback?
Not necessarily. While smaller, it makes the home inherently more efficient. The cost savings on utilities, taxes, and upkeep can be significant, and a well-designed 800 sqft layout can feel spacious for one or two people.
2. How does the value compare to the neighborhood?
The assessed value is notably below the Waverley Heights average ($398.1k). This indicates you are paying a premium for the location, but acquiring a more modest property within it—a classic "worst house on a great street" scenario with potential for value growth.
3. What does the lot size mean for me?
At 3,280 sqft, the yard is smaller than many in the area. This is a advantage for those who want minimal landscaping chores, but a consideration if you desire extensive outdoor space, a large garden, or future expansion.
4. The home is newer than most on its street. What are the implications?
A 1977 build date in this context is a positive. It likely means systems (like electrical and plumbing) are more modern than older neighbors, potentially reducing immediate renovation needs and offering better energy efficiency for its time.
5. Who is this property not for?
It would not suit a growing family needing multiple bedrooms and ample living space, or buyers whose primary goal is a large, private yard. It’s a home for practical living rather than expansive entertaining.
