Property score
79.0
Good
Overall 79.0 · Larger but older than most nearby homes
1,777 sqft (top 9%) · Built in 1975 (3 yrs older than avg)
Located in a high-income area with median household income of ~116k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 2 parks nearby
Living Area
Above average
43% larger than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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79.0 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: #46110975
$116K
Median household income
$130K
Average household income
8%
Low income (LIM-AT)
0.4
Income inequality (Gini)
2.9
P90 / P10 ratio
4%
Single-person households
41%
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
74 Forest Lake Drive — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 340 m), 2 parks (nearest 94 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 | Top 40% | Top 6% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Top 21% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 74 Forest Lake Drive, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of above-average space and established community value. Its primary appeal lies in its generous 1,777 sqft living area, which ranks within the top 9% of the desirable Waverley Heights neighborhood, offering more room than most local comparables. The property’s assessed value for taxes is also notably high for the area (top 6%), which often reflects stable or strong perceived market value.
Built in 1975, the house is typical for its street but is actually older than many in the wider community. This suggests a mature lot with likely established landscaping, and may appeal to buyers comfortable with the character and potential renovation timelines of a solidly built, late-20th-century home. The land size, while smaller than others on Forest Lake Drive, is still above the Winnipeg average, providing a balanced yard that is manageable without being overly demanding.
This property would best suit practical buyers who prioritize interior space and location over having the newest home on the block. It’s ideal for a growing family seeking room to spread out in a well-regarded neighborhood, or for value-conscious purchasers who see the above-average assessment as a marker of long-term equity in a mature area. It offers a “move-in-ready” size with the understanding that a home of this age may benefit from thoughtful updates over time.
Frequently Asked Questions
1. Is the property tax bill likely to be high?
The assessed value for tax purposes is significantly above the neighborhood average, ranking in the top 6%. This typically indicates that the municipal assessment—a key factor in calculating your tax bill—is relatively high for the area. Prospective buyers should budget accordingly.
2. How does the lot size compare?
The lot is 6,212 sqft. It’s smaller than the average lot on Forest Lake Drive itself, but it is slightly larger than both the Waverley Heights neighborhood average and the Winnipeg city average. It offers a decent-sized yard without excessive maintenance.
3. The house was built in 1975. What should I consider?
This is a standard build year for the street. Buyers should pay particular attention to the condition of major systems that are near or past a 50-year lifespan, such as the roof, plumbing, electrical, and heating. A thorough inspection is advised to plan for any necessary updates.
4. The living space ranks very high in the neighborhood. What does that mean practically?
Ranking in the top 9% for living area in Waverley Heights means this home offers more interior square footage than over 90% of comparable homes in the community. This is a significant advantage for buyers needing ample room, making it a standout in that specific category.
5. Are these rankings a good indicator of value?
The rankings provide excellent context for how this property compares to its peers on specific metrics. They show a clear pattern: you are purchasing above-average interior space and assessed value within a premium neighborhood, on a standard-sized lot, in a home of typical age for its immediate surroundings. This data helps identify where the property’s strengths and market position lie.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
