Property score
61.3
Fair
Overall 61.3 · Smaller than most nearby homes
900 sqft (bottom 9%) · 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
27% 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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61.3 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
53 Lake Village Road — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 464 m), 1 education (nearest 371 m), 2 healthcare (nearest 465 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 3% | Top 37% | Top 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 39% | Bottom 29% | Bottom 40% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 28% | Bottom 13% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 53 Lake Village Road
Key Characteristics & Appeal
This 900 sqft bungalow, built in 1977, presents a practical and value-conscious opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its efficient use of space and its position as a competitively priced entry point into a desirable area. With an assessed value of $305k, it sits comfortably around the average for its own street but notably below the typical price for the wider neighborhood, suggesting potential value relative to its immediate location.
The home suits first-time buyers, downsizers, or investors seeking a manageable property with lower carrying costs. A thoughtful perspective is that while the living area is modest compared to the neighborhood, the lot size (4,290 sqft) is actually above average for Lake Village Road itself. This indicates a better-than-typical outdoor space for the street, offering room for gardening, expansion, or simply more privacy than some neighbors. The data shows it's a home that trades interior square footage for a more affordable tax base and a proportionally generous yard on its specific block.
Frequently Asked Questions
1. Is this home smaller than others in the area?
Yes. At 900 sqft, the living area is below the average for both the Waverley Heights neighborhood and the city overall. However, it is much closer to the average size for other homes on Lake Village Road itself.
2. How does the assessed value compare?
The $305k assessment is around the citywide average for comparable homes. Its key value position is within Waverley Heights, where it ranks below the neighborhood average assessed value, potentially offering a more affordable way into the area.
3. What does the year built tell us?
Built in 1977, this home is newer than many across Winnipeg and is actually above average for its own street. This suggests it may have more modern construction fundamentals than some direct neighbors, though interior updates will depend on its maintenance history.
4. Is the lot a good size?
The 4,290 sqft lot is a standout feature for this specific street, ranking in the top 24%. It provides more land than most properties on Lake Village Road, though it is smaller than the typical lot in the broader Waverley Heights area.
5. Who would this property suit best?
It best suits buyers prioritizing location and lot size over interior space, and who are budget-conscious about both purchase price and ongoing property taxes. It’s a practical choice for those wanting to enter a established neighborhood without paying for excess square footage they may not need.
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