58 Lake Village Road

Waverley Heights, Winnipeg

Property score

57.6

Fair

Overall 57.6 · 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 ~83k

Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 6 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 · 56%Punjabi · 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

57.6 is composed by the two sections below.

Property Score

47.2Low
Living Area42
900 sqftLow
Year Built67
1977Good
Lot Size38
3,278 sqftLow
Neighbourhood Sales Activity59
Fair

Community Score

73.2Good
Household Income78
Good
Education Level82
Excellent
Housing Stress42
Low
Core Housing Need76
Good
Employment Health60
Fair

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: #46110978

Community deep dive

$83K

Median household income

$79K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

22%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)1,089
Labour force participation rate64%
Median age33.2
Avg household size2.5
Unemployment rate9%
Population density457 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households22%
Couple families with children26%
Median household income (2020)$83K

Housing

Renter households56%
Condominium dwellings5%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority48%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Punjabi · 8%

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

Rankings

Living Area

around average
900 sqft
0255075100
Same streetBottom 47%Same areaBottom 9%CitywideBottom 17%
Same street · Lake Village Road
#75 / 142
Bottom 47% · Avg 936 sqft
Same area · Waverley Heights
#1,493 / 1,633
Bottom 9% · Avg 1,239 sqft
Citywide · Winnipeg
#162,141 / 194,458
Bottom 17% · Avg 1,342 sqft

Tax-Assessed Value

above average
315k
0255075100
Same streetTop 29%Same areaBottom 17%CitywideBottom 34%
Same street · Lake Village Road
#41 / 142
Top 29% · Avg 309.5k
Same area · Waverley Heights
#1,360 / 1,633
Bottom 17% · Avg 398.1k
Citywide · Winnipeg
#128,657 / 194,458
Bottom 34% · Avg 390.1k

Year Built

above average
1977
0255075100
Same streetTop 12%Same areaBottom 49%CitywideTop 37%

Lot Size

around average
3,278 sqft
0255075100
Same streetBottom 43%Same areaBottom 14%CitywideBottom 16%

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

58 Lake Village Road — 12 amenities found within 500 m, across 6 categories, including 6 dining (nearest 432 m), 1 education (nearest 375 m), 2 healthcare (nearest 407 m).

Search radius
🍽️Dining6
🏫Education1
🏥Healthcare2
🛒Shopping1
🌳Parks1
🏛️Government1

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 5/2024CA$300k–350k
Sold price

Same street

Top 16%

Same area

Bottom 45%

City-wide

Top 50%
Sold 5/2019CA$250k–300k
Sold price

Same street

Bottom 42%

Same area

Bottom 19%

City-wide

Bottom 34%

Related homes

Highlights & common questions: 58 Lake Village Road, Winnipeg

Property Overview

This home at 58 Lake Village Road presents a balanced offering in Winnipeg's Waverley Heights neighborhood. Its key appeal lies in its relative value and established location. With 900 sqft of living space, the residence is slightly below the neighborhood average, suggesting a more manageable, efficient layout rather than expansive square footage. The 1977 build year is newer than most on its specific street, indicating potentially fewer age-related concerns compared to immediate neighbors. A notable point is its tax assessment value, which ranks above average for Lake Village Road, often reflecting municipal recognition of the property's condition or improvements relative to its direct peers. However, the lot size is smaller than the area norm, which translates to less yard maintenance but also less private outdoor space.

This property would suit first-time buyers or downsizers seeking an entry into a stable, established community without the upkeep of a larger house. It’s also a practical fit for investors or buyers who prioritize location and a home that is newer than its immediate street comps over having a large footprint or yard.

Frequently Asked Questions

1. How does the below-average living and land square footage actually impact daily living?
While smaller than the Waverley Heights average, the living space is very close to the average for Lake Village Road itself. This suggests the home's scale is consistent with its immediate streetscape. The smaller lot means less yard work, which can be a benefit for those seeking low-maintenance living, but limits potential for expansions or large outdoor amenities.

2. The tax assessment is high for the street but low for the area. What does this signal?
A street-level assessment that ranks above average can sometimes point to updates or a condition that the city assessor views favorably compared to neighboring homes. However, its lower ranking within the broader community indicates that, overall, it remains a more value-oriented option in Waverley Heights, which may be attractive for property tax costs.

3. The home was built in 1977. What should I be mindful of from this era?
Homes from this period may contain original components like windows, roofing, or furnaces that are nearing or past their typical lifespan. A thorough inspection is crucial. On the positive side, construction methods from this era are generally modern and may avoid some materials used in earlier or much later decades.

4. What does the ranking data tell me about resale potential?
The data shows a property with competitive strengths on its own street (newer build, higher assessment) within a broader neighborhood where it is a more modest, affordable option. This position can appeal to a similar buyer pool in the future, offering stability rather than explosive equity growth.

5. Are the "below average" comparisons a major disadvantage?
Not necessarily. Being "below average" in lot and living space for Waverley Heights is what makes this a more accessible price point within a desirable community. You are trading some square footage for the location. The key is to verify if the interior layout uses its 900 sqft efficiently to meet your needs.