Property score
76.0
Good
Overall 76.0 · Compared with neighbourhood average
1,240 sqft (top 37%) · Built in 1977 (1 yr older than avg)
Located in a high-income area with median household income of ~105k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Near average
0% larger than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 65%Punjabi · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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76.0 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: #46110974
$105K
Median household income
$118K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
14%
Single-person households
39%
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
56 Lakeside Drive — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 484 m), 1 parks (nearest 242 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 | Bottom 29% | Bottom 41% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 56 Lakeside Drive, Waverley Heights
Key Characteristics & Appeal
This 1,240 sqft bungalow, built in 1977, presents a compelling opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its balanced positioning within the market. While the home’s living area and assessed value are notably below the average for its own desirable street (Lakeside Drive), it sits comfortably at or above average when compared to the wider neighborhood and city. This suggests you are acquiring a well-located property at a more accessible entry point than many of its immediate neighbors.
The 6,679 sqft lot is a significant asset, ranking above average for both the neighborhood and Winnipeg overall, offering ample outdoor space that is increasingly rare. The home suits two main types of buyers: first, those seeking a solid entry into a mature, established street with room to grow or customize a property over time. Second, it appeals to value-conscious buyers who prioritize a generous lot size and a stable neighborhood over having the largest house on the block, recognizing that the street itself carries inherent value.
Frequently Asked Questions
Q: The assessed value is much lower than the street average. Does this indicate a problem?
A: Not necessarily. It primarily reflects that this home is among the more modestly sized and valued properties on a street that includes larger, higher-value homes. It’s a key factor in the property’s relative affordability within this location.
Q: How does the 1977 build year affect the home?
A: Being newer than most on its street is a positive for core systems, but a home of this age will likely have components (like roof, windows, HVAC) that are at or beyond their typical lifespan. A thorough inspection is advised to understand update needs, which also presents customization opportunities.
Q: The living area is below the street average. Will the house feel small?
A: At 1,240 sqft, it is a practical size for many households. The perception of space will depend heavily on the floorplan’s efficiency. The generous lot also significantly expands the usable living area outdoors during warmer months.
Q: Is the large lot a maintenance burden or a benefit?
A: This depends on the buyer’s vision. It requires more upkeep than a small yard but offers unparalleled potential for gardening, recreation, expansions like a deck or shed, and simply provides a greater sense of privacy and space.
Q: What does the ranking data actually tell me about the neighborhood?
A: It confirms Waverley Heights is an established, consistent area. The fact that this property’s metrics are generally stronger when compared to the city and neighborhood than to its own street indicates Lakeside Drive is a high-caliber block within the community, making this a potential value proposition.
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