68 High Lake Bay

Waverley Heights, Winnipeg

Property score

75.5

Good

Overall 75.5 · Larger and newer than most nearby homes

1,389 sqft (top 24%) · Built in 1995 (17 yrs newer than avg)

Located in a high-income area with median household income of ~97k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 12 healthcare facilitys, and 3 shops nearby

Living Area

Above average

12% larger than neighborhood avg.

Year Built

Above average

17 yrs newer than neighborhood avg.

Mother tongue

English · 50%Punjabi · 13%

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

75.5 is composed by the two sections below.

Property Score

71.8Good
Living Area71
1,389 sqftGood
Year Built81
1995Excellent
Lot Size67
5,485 sqftGood
Neighbourhood Sales Activity59
Fair

Community Score

81.0Excellent
Household Income83
Excellent
Education Level72
Good
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

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: #46110980

Community deep dive

$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

Population, labour & age

Population (2021)599
Labour force participation rate71%
Median age32.8
Avg household size3.1
Unemployment rate12%
Population density2995 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households10%
Couple families with children31%
Median household income (2020)$97K

Housing

Renter households22%
Condominium dwellings7%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority59%
Bachelor's or higher (25–64)38%
Mother tongue (1st)English · 50%
Mother tongue (2nd)Punjabi · 12%

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

Rankings

Living Area

above average
1,389 sqft
0255075100
Same streetBottom 18%Same areaTop 24%CitywideTop 36%
Same street · High Lake Bay
#14 / 17
Bottom 18% · Avg 1,648 sqft
Same area · Waverley Heights
#384 / 1,633
Top 24% · Avg 1,239 sqft
Citywide · Winnipeg
#70,388 / 194,458
Top 36% · Avg 1,342 sqft

Tax-Assessed Value

above average
450k
0255075100
Same streetBottom 12%Same areaTop 20%CitywideTop 28%
Same street · High Lake Bay
#15 / 17
Bottom 12% · Avg 503.8k
Same area · Waverley Heights
#332 / 1,633
Top 20% · Avg 398.1k
Citywide · Winnipeg
#55,153 / 194,458
Top 28% · Avg 390.1k

Year Built

Elite
1995
0255075100
Same streetTop 29%Same areaTop 2%CitywideTop 20%

Lot Size

around average
5,485 sqft
0255075100
Same streetBottom 12%Same areaBottom 34%CitywideTop 44%

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

68 High Lake Bay — 20 amenities found within 500 m, across 6 categories, including 1 dining (nearest 337 m), 1 education (nearest 230 m), 12 healthcare (nearest 265 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare12
🛒Shopping3
🌳Parks2
Fuel Stations1

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 6/2022CA$500k–550k
Sold price

Same street

Top 40%

Same area

Top 3%

City-wide

Top 12%
Sold 7/2020CA$400k–450k
Sold price

Same street

Bottom 20%

Same area

Top 18%

City-wide

Top 27%

Related homes

Highlights & common questions: 68 High Lake Bay, Winnipeg

Property Summary: 68 High Lake Bay, Winnipeg

Section 1: Overview & Appeal

This 1,389 sqft home, built in 1995, presents a compelling value proposition within the desirable Waverley Heights neighborhood. Its primary appeal lies in its strong positioning relative to the broader area. While it is a more modest offering on its own street of larger, higher-value homes, it stands well above neighborhood and city averages for both size and assessed value. This creates a unique dynamic: you are acquiring a home in an established, premium setting, but at an entry point relative to its immediate peers.

The property suits practical buyers looking for a solid, move-in ready home in a mature area without paying the premium for the largest lot or square footage on the block. It’s an intelligent choice for those who value neighborhood quality and above-average interior space over having the biggest yard. The 1995 build date is a significant advantage, being notably newer than most homes in Waverley Heights and Winnipeg overall, suggesting modern building standards and potentially lower near-term maintenance costs than older stock. This isn’t the largest or most expensive home on the street, but it represents a strategic foothold in a top-tier locale.

Section 2: Frequently Asked Questions

Q: The home ranks below street averages for size, value, and lot size. Is this a concern?
A: Not necessarily. This indicates the street consists of larger, higher-end properties. Owning the "smaller" home on a premium street often provides better long-term value stability and appeal than owning the largest home on a lesser street. You benefit from the same location and community.

Q: What does the "Elite" ranking for its year built in the neighborhood mean?
A: With a 1995 construction, this home is newer than approximately 98% of comparable properties in Waverley Heights. This is a major functional benefit, typically implying more contemporary layouts, electrical systems, insulation, and windows, which can lead to greater comfort and energy efficiency.

Q: Is the land size sufficient?
A: At just under 5,500 sqft, the lot is consistent with the city average and only slightly below the neighborhood average. It provides ample outdoor space for gardening, recreation, and privacy, while requiring a manageable amount of upkeep.

Q: The assessed value is above neighborhood and city averages. Will my property taxes be high?
A: The assessed value of $450k is above the respective averages, which is a key factor in tax calculation. Prospective buyers should use this figure to estimate their likely annual property tax burden for budgeting purposes.

Q: How should I interpret the living area being above neighborhood average but below street average?
A: This highlights the home’s balanced offering. You get more interior space than most in the wider Waverley Heights area (1,389 sqft vs. 1,239 sqft avg.), making it a spacious choice for the community. The street itself is simply composed of even larger homes, reinforcing its high-caliber setting.