71 Lakeside Drive

Waverley Heights, Winnipeg

Property score

84.3

Excellent

Overall 84.3 · Larger than most nearby homes

1,833 sqft (top 6%) · Built in 1977 (1 yr older than avg)

Located in a high-income area with median household income of ~104k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby

Living Area

Above average

48% larger than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 59%Chinese · 10%

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

84.3 is composed by the two sections below.

Property Score

83.7Excellent
Living Area1,833 sqft89Excellent
Year Built197767Good
Lot Size8,661 sqft93Excellent
Neighbourhood Sales Activity59Fair

Community Score

85.3Excellent
Household Income86Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

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: #46110976

Community deep dive

$104K

Median household income

$125K

Average household income

8%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.1

P90 / P10 ratio

13%

Single-person households

37%

Families with children

Population, labour & age

Population (2021)567
Labour force participation rate69%
Median age40.8
Avg household size3.0
Unemployment rate8%
Population density2362 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households13%
Couple families with children37%
Median household income (2020)$104K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority31%
Bachelor's or higher (25–64)49%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Chinese · 9%

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

Rankings

Living Area

above average
1,833 sqft
0255075100
Same streetTop 34%Same areaTop 6%CitywideTop 16%
Same street · Lakeside Drive
#12 / 35
Top 34% · Avg 1,598 sqft
Same area · Waverley Heights
#101 / 1,633
Top 6% · Avg 1,239 sqft
Citywide · Winnipeg
#31,003 / 194,458
Top 16% · Avg 1,342 sqft

Tax-Assessed Value

Elite
575k
0255075100
Same streetTop 11%Same areaTop 2%CitywideTop 10%
Same street · Lakeside Drive
#4 / 35
Top 11% · Avg 481.3k
Same area · Waverley Heights
#27 / 1,633
Top 2% · Avg 398.1k
Citywide · Winnipeg
#19,372 / 194,458
Top 10% · Avg 390.1k

Year Built

above average
1977
0255075100
Same streetTop 23%Same areaBottom 49%CitywideTop 37%

Lot Size

above average
8,661 sqft
0255075100
Same streetTop 34%Same areaTop 11%CitywideTop 9%

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

71 Lakeside Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 331 m).

Search radius
🌳Parks1

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 9/2022CA$700k–750k
Sold price

Same street

Top 7%

Same area

Top 1%

City-wide

Top 3%

Related homes

Highlights & common questions: 71 Lakeside Drive, Winnipeg

Property Overview: 71 Lakeside Drive

Key Characteristics & Appeal

This home at 71 Lakeside Drive presents a compelling blend of above-average space and established value within Winnipeg’s Waverley Heights neighborhood. Its 1,833 sqft living area is notably larger than both neighborhood and city averages, offering generous room for families or those who value space. The true standout, however, is its assessed value of $575k, which places it in the elite top 2% of its immediate neighborhood, suggesting a property that outperforms its local market.

The appeal lies in its position as a substantial and valuable asset on a generous 8,661 sqft lot. While it’s a typical 1977-built home for its street, it sits on a larger-than-average parcel of land for the wider area, offering privacy and outdoor potential. This isn’t the newest home on the block, but it represents a premium, established property in a desirable setting. It would best suit buyers looking for a move-in ready family home with proven value retention, or those seeking a property with underlying land value in a mature, well-regarded community.


Frequently Asked Questions

Q: How does this home’s value compare to others nearby?
A: Its assessed value is significantly above average. It ranks 4th highest out of 35 on its own street and is in the top 2% within the broader Waverley Heights neighborhood, indicating it is considered a premium property in this area.

Q: Is the living space considered large?
A: Yes. At 1,833 sqft, the living area is above average for the neighborhood (top 6%) and the city (top 16%). It is comfortably larger than the typical home on Lakeside Drive itself.

Q: What is the lot size like?
A: The lot is a substantial 8,661 sqft. This is above average for both the neighborhood (top 11%) and the city (top 9%), offering more outdoor space than many comparable properties.

Q: The home was built in 1977. Is that older than most?
A: On Lakeside Drive, 1977 is actually slightly newer than the street average. In the wider context of Waverley Heights and Winnipeg, its age is very typical for the housing stock, meaning services and renovations for homes of this era are readily available.

Q: What do these rankings actually mean for a buyer?
A: They provide objective context beyond the listing price. They show this property offers more interior space and land than most in the city, and its assessed value is notably high for its immediate area—factors that can indicate stronger long-term value and desirability.

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