54 Forest Lake Drive

Waverley Heights, Winnipeg

Property score

81.0

Excellent

Overall 81.0 · Larger but older than most nearby homes

1,758 sqft (top 9%) · Built in 1976 (2 yrs older than avg)

Located in a high-income area with median household income of ~116k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 3 parks nearby

Living Area

Above average

42% larger than neighborhood avg.

Taon ng Paggawa

Below average

2 yrs older than neighborhood avg.

Mother tongue

English · 66%Chinese · 9%

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

81.0 is composed by the two sections below.

Property Score

81.6Excellent
Living Area1,758 sqft86Excellent
Taon ng Paggawa197667Good
Lupa7,698 sqft91Excellent
Neighbourhood Sales Activity59Fair

Community Score

80.0Excellent
Household Income90Excellent
Education Level54Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health42Low

Istatistika ng benta ng komunidad

Waverley Heights

How to read: Share of sales in each ~$50k price band for “waverley heights” (Detached na bahay (hindi 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: #46110975

Community deep dive

$116K

Median household income

$130K

Average household income

8%

Low income (LIM-AT)

0.4

Income inequality (Gini)

2.9

P90 / P10 ratio

4%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)386
Labour force participation rate52%
Median age40.8
Avg household size3.2
Unemployment rate12%
Population density2573 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households4%
Couple families with children41%
Median household income (2020)$116K

Housing

Renter households7%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)37%
Visible minority38%
Bachelor's or higher (25–64)27%
Mother tongue (1st)English · 66%
Mother tongue (2nd)Chinese · 9%

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

Mga ranggo

Living Area

lampas sa average
1,758 sqft
0255075100
Same streetTop 38%Same areaTop 9%CitywideTop 19%
Same street · Forest Lake Drive
#12 / 32
Top 38% · Avg 1,646 sqft
Same area · Waverley Heights
#153 / 1,633
Top 9% · Avg 1,239 sqft
Citywide · Winnipeg
#36,401 / 194,458
Top 19% · Avg 1,342 sqft

Assessed Value

lampas sa average
475k
0255075100
Same streetBottom 47%Same areaTop 13%CitywideTop 24%
Same street · Forest Lake Drive
#17 / 32
Bottom 47% · Avg 481.8k
Same area · Waverley Heights
#210 / 1,633
Top 13% · Avg 398.1k
Citywide · Winnipeg
#46,653 / 194,458
Top 24% · Avg 390.1k

Taon ng Paggawa

karaniwan
1976
0255075100
Same streetTop 38%Same areaBottom 26%CitywideTop 39%

Lupa

lampas sa average
7,698 sqft
0255075100
Same streetTop 28%Same areaTop 15%CitywideTop 12%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

54 Forest Lake Drive — 5 amenities found within 500 m, across 2 categories, including 2 education (nearest 273 m), 3 parks (nearest 49 m).

Search radius
🏫Education2
🌳Parks3

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%

Kasaysayan ng Benta

Naibenta 8/2024CA$450k–500k
Presyo ng benta

Parehong kalye

Top 50%

Parehong lugar

Top 13%

Buong lungsod

Top 23%

Related homes

Mga tampok at karaniwang tanong: 54 Forest Lake Drive, Winnipeg

Property Overview: 54 Forest Lake Drive, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This well-situated family home at 54 Forest Lake Drive presents a solid, above-average offering in the desirable Waverley Heights neighborhood. Built in 1976, the 1,758 sqft residence sits on a generous 7,698 sqft lot, providing ample outdoor space—a standout feature that ranks in the top 15% of the local area. While the living area is typical for its immediate street, it surpasses the averages for both the wider neighborhood and the city of Winnipeg, indicating a comfortable size.

The home’s primary appeal lies in its strong positional value. With an assessed value of $475K, it sits above the neighborhood and citywide averages, reflecting the desirability of the location. The data suggests this isn't just another house on the block; it's a property that holds its own in a competitive broader market while offering a larger-than-typical yard for the community. It would suit buyers looking for an established, spacious lot in a mature neighborhood, who value room to grow, garden, or entertain outdoors more than a newly built home. It's ideal for those seeking a balance between a home that feels proportionate to its street and one that offers tangible advantages within its wider community context.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows a nuanced picture. On its own street, the home is average in size, value, and age. However, when compared to the entire Waverley Heights neighborhood and Winnipeg, it consistently ranks above average for lot size, living area, and value. This indicates you're getting a property that outperforms many in the broader market, even if it's typical for its specific block.

2. Is the 1976 build date a concern?
The build date is average for the street but is actually newer than many homes in the wider Waverley Heights area (ranking in the top 26% for age there). This suggests the neighborhood has many older homes, making this one a relatively newer option within that established setting. Standard inspections for a home of this age are recommended.

3. What does the assessed value tell us about the listing price?
The assessed value of $475K is a municipal valuation for tax purposes, not a market price. It is useful for comparison, showing this home is valued higher than most in the city and neighborhood. The final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

4. Who would benefit most from the large lot size?
Beyond gardeners or those seeking privacy, the lot size (in the top 12% citywide) is a long-term asset. It offers potential for future additions like a deck, shed, or pool, and typically holds appeal for families wanting safe play space. In an established neighborhood, large lots are often irreplaceable.

5. Where can I see how this property fits into the specific neighborhood?
For a detailed visual analysis, including how it compares to direct neighbors on a map by year built, size, and value, you can open the dedicated neighbourhood analysis page via the link provided.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.