Property score
57.1
Fair
Overall 57.1 · Smaller but newer than most nearby homes
809 sqft (bottom 4%) · Built in 1979 (1 yr newer than avg)
Located in a high-income area with median household income of ~97k
Transit 76.0 · 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
Below average
35% smaller than neighborhood avg.
Year Built
Above average
1 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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57.1 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
50 East Lake Drive — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 394 m), 2 education (nearest 309 m), 5 healthcare (nearest 328 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 11% | Bottom 39% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 50 East Lake Drive, Waverley Heights
Key Characteristics & Appeal
This 1979 bi-level home at 50 East Lake Drive presents a practical opportunity in the established Waverley Heights neighbourhood. Its key feature is a renovated basement, adding immediate liveable space to the 809 sqft main living area. The property sits on a 3,465 sqft lot, which is above average for its street, offering decent outdoor space relative to nearby homes.
The appeal here is value-driven and grounded in its position within a mature community. While the living area is compact, the renovated basement effectively expands the functional footprint. The home’s recent sale history (sold in June 2023 for $32.5k above the current assessed value) suggests a market-recognized premium, possibly for updates or its location. It suits first-time buyers seeking an entry point into a solid neighbourhood, downsizers looking for a manageable property with updated elements, or investors interested in a home with recent turnover and a finished basement. A thoughtful perspective is that this property may represent a "right-sized" option—enough space for essentials without the upkeep of a larger, older home, in a neighbourhood where it ranks newer than 85% of surrounding houses.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 809 sqft, the main living area is notably smaller than most comparable listings in Waverley Heights, which typically range from 1,100 to 1,400 sqft. However, the renovated basement provides additional finished space not reflected in that primary square footage.
2. What does the "Top 97%" rank for year built on its street mean?
This statistic indicates this home, built in 1979, is newer than 97% of the other 31 homes on its street. On a street with many homes built in the late 1970s, this suggests it is one of the newest, potentially meaning somewhat newer building materials or systems.
3. Is the lack of a garage a significant concern?
The home has no garage, which is common for many bi-levels of this era. Buyers should consider on-street parking availability and the practicality of driveway use for their needs, especially during Winnipeg winters.
4. Why was it sold fairly recently in 2023?
The property changed hands in June 2023. While the specific reason isn't provided, such a quick turnaround can be due to various personal circumstances, an investor flip, or a relocation. The renovations may date from this period.
5. How does the assessed value relate to the expected listing price?
The home is currently assessed at $31,100. However, it last sold for $32,500 in 2023, indicating the market price recently exceeded the assessed value. The listing price will be set based on current market conditions, recent sales of comparable homes, and the condition of the renovations.
