53 Swan Lake Bay

Waverley Heights, Winnipeg

Property score

65.4

Good

Overall 65.4 · Newer than most nearby homes

1,090 sqft (bottom 38%) · Built in 1979 (1 yr newer than avg)

Located in a high-income area with median household income of ~106k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 park nearby

Living Area

Below average

12% smaller than neighborhood avg.

Year Built

Above average

1 yrs newer than neighborhood avg.

Mother tongue

English · 60%Chinese · 7%

Past 10 years Waverley Heights sales snapshot (~80% of all data)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

65.4 is composed by the two sections below.

Property Score

57.6Fair
Living Area1,090 sqft52Fair
Year Built197967Good
Lot Size5,499 sqft67Good
Neighbourhood Sales Activity59Fair

Community Score

77.1Good
Household Income87Excellent
Education Level63Fair
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110977

Community deep dive

$106K

Median household income

$112K

Average household income

11%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.4

P90 / P10 ratio

13%

Single-person households

40%

Families with children

Population, labour & age

Population (2021)436
Labour force participation rate56%
Median age39.2
Avg household size2.9
Unemployment rate5%
Population density3353 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households13%
Couple families with children40%
Median household income (2020)$106K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$380K

Diversity, education & language

Immigrants (share of pop.)30%
Visible minority34%
Bachelor's or higher (25–64)32%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Chinese · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,090 sqft
0255075100
Same streetTop 33%Same areaBottom 38%CitywideBottom 39%
Same street · Swan Lake Bay
#15 / 46
Top 33% · Avg 1,158 sqft
Same area · Waverley Heights
#1,007 / 1,633
Bottom 38% · Avg 1,239 sqft
Citywide · Winnipeg
#119,484 / 194,458
Bottom 39% · Avg 1,342 sqft

Tax-Assessed Value

around average
417k
0255075100
Same streetTop 39%Same areaTop 38%CitywideTop 34%
Same street · Swan Lake Bay
#18 / 46
Top 39% · Avg 412.7k
Same area · Waverley Heights
#616 / 1,633
Top 38% · Avg 398.1k
Citywide · Winnipeg
#66,982 / 194,458
Top 34% · Avg 390.1k

Year Built

above average
1979
0255075100
Same streetTop 33%Same areaTop 12%CitywideTop 34%

Lot Size

around average
5,499 sqft
0255075100
Same streetBottom 39%Same areaBottom 37%CitywideTop 43%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

53 Swan Lake Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 420 m), 1 parks (nearest 202 m).

Search radius
🏫Education1
🌳Parks1

Crime & Safety

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%

Sales History

Sold 7/2022CA$450k–500k
Sold price

Same street

Top 20%

Same area

Top 11%

City-wide

Top 20%

Related homes

Highlights & common questions: 53 Swan Lake Bay, Winnipeg

Property Summary: 53 Swan Lake Bay

Key Characteristics & Appeal

This home at 53 Swan Lake Bay presents a solid, middle-of-the-road offering in the Waverley Heights neighborhood. With 1,090 sqft of living space and a 1979 build date, it sits comfortably around the average for its immediate street and the wider city. Its assessed value of $417k is modestly above the local averages, suggesting it is viewed as a steady performer in its market segment.

The appeal here is one of predictability and stability rather than standout features. It suits a buyer looking for a well-established home in a mature neighborhood without the premium price or potential surprises of an older character property or the raw unfinished aspects of a new development. The lot size, while smaller than the street average, is still generous by city-wide standards, offering decent outdoor space.

A thoughtful perspective is that this property represents a "known quantity." Its rankings are consistently average to slightly above, which can be reassuring for a pragmatic buyer seeking a home that holds its value without dramatic swings. It’s ideally suited for first-time buyers, downsizers, or investors looking for a straightforward, maintainable property in a stable community.

Frequently Asked Questions

1. Is this property a good value compared to its neighbors?
The assessed value is slightly above the averages for the street, neighborhood, and city. This indicates the property is considered to be in line with or slightly ahead of typical homes in the area, not an outlier in either direction.

2. How does the home's size compare to others nearby?
At 1,090 sqft, the living area is very close to the average for Swan Lake Bay street (1,158 sqft) and the Waverley Heights neighborhood (1,239 sqft). It offers a practical amount of space typical for the area.

3. Is the home newer or older than most in the area?
Built in 1979, it is precisely the average year for its street. Within the broader Waverley Heights neighborhood, however, it ranks in the top 12%, meaning it is newer than the majority of comparable homes nearby.

4. What is the lot size like?
The 5,499 sqft lot is smaller than the average lot on Swan Lake Bay but is around the neighborhood average and provides a manageable outdoor space.

5. What do these "around average" rankings mean for a buyer?
They indicate a property that is firmly established within its market context. It suggests lower risk from a valuation perspective, as the home doesn't rely on unique or extreme features that could be harder to price or resell. It's a choice centered on neighborhood and practicality over a specific standout trait.

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