Property score
57.8
Fair
Overall 57.8 · Smaller but newer than most nearby homes
827 sqft (bottom 6%) · Built in 1978
Located in a high-income area with median household income of ~97k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 2 schools, 5 healthcare facilitys, and 3 shops nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 50%Punjabi · 13%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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57.8 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: #46110980
$97K
Median household income
$107K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
10%
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
62 East Lake Drive — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 352 m), 2 education (nearest 366 m), 5 healthcare (nearest 264 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 22% | Bottom 6% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 62 East Lake Drive
Section 1: Key Characteristics & Appeal
This 827 sqft bungalow, built in 1978, presents a compelling case for value-focused buyers. Its primary characteristic is a clear contrast: while the living space is modest compared to area averages, its assessed value of $327K ranks well above the street average. This suggests you're investing more in location and land than in square footage.
The appeal lies in its efficiency and position within a desirable setting. The home sits on a standard 3,500 sqft lot for East Lake Drive, offering manageable outdoor space. Its above-average valuation on the street indicates it is likely well-maintained or has features that set it apart from immediate neighbors. It suits first-time buyers, downsizers, or investors seeking an entry point into the established Waverley Heights neighborhood without the premium for a larger footprint. It’s a practical choice for those who prioritize location and a solid community over expansive interior space, and who see the value in a home that already commands strong esteem on its own block.
Section 2: Frequently Asked Questions
Q: Is the smaller living area a concern?
A: The home is smaller than most in the wider neighborhood and city. This translates to lower utility costs and less maintenance, but requires thoughtful space planning. It’s a trade-off that keeps the entry price accessible for the area.
Q: Why is the assessed value so high for the street?
A: Ranking 6th highest out of 31 homes on East Lake Drive, this suggests the property is in superior condition, has beneficial updates, or possesses intangible qualities like premium placement on the block that official assessments recognize.
Q: How does the lot size compare?
A: The lot is very typical for East Lake Drive, but below the neighborhood average. This means you have a manageable yard consistent with the immediate streetscape, but not as much private space as some larger properties in Waverley Heights.
Q: What does the year built tell us?
A: Built in 1978, this home is newer than most on its street and in Winnipeg overall. This can mean modern construction standards and potentially fewer major age-related updates in the near term compared to older city homes.
Q: Is this a good value for Waverley Heights?
A: The assessed value is below the neighborhood average, which is notable given the home's above-average condition for its own street. This indicates you may be getting a well-regarded property at a relative discount for the broader area, likely due to its efficient size.
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