Property score
65.0
Good
Overall 65.0 · Newer than most nearby homes
1,080 sqft (bottom 37%) · Built in 1978
Located in a high-income area with median household income of ~97k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 6 healthcare facilitys, and 3 shops nearby
Living Area
Below average
13% 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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65.0 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: #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
74 Gull Lake Road — 21 amenities found within 500 m, across 7 categories, including 7 dining (nearest 407 m), 1 education (nearest 412 m), 6 healthcare (nearest 189 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 13% | Bottom 8% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 74 Gull Lake Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1978 on a 3,707 sqft lot, presents a distinct value proposition within its desirable Waverley Heights neighborhood. Its primary appeal lies in a significant price advantage: with an assessed value of $286k, it stands well below averages for its own street ($354.9k) and neighborhood ($398.1k). This creates a compelling entry point into an established area.
The home’s living space is efficiently laid out and is actually above average for Gull Lake Road itself, suggesting a smart use of its footprint. While the lot is smaller than many in the wider area, it offers manageable outdoor space with less maintenance burden.
This property would ideally suit first-time buyers or downsizers seeking affordability in a mature neighborhood without sacrificing interior space. It’s also a practical candidate for value-focused investors or buyers who prioritize location and home size over a large yard, viewing the below-average assessment as a foundation for potential equity growth.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. While it warrants due diligence, it primarily indicates the home is priced below its immediate peers. This could reflect original size, specific lot characteristics, or interior condition, but it fundamentally offers a lower entry cost into the area.
2. How does the smaller lot size impact daily living?
It means less yard maintenance, which can be a benefit for those seeking a low-upkeep property. It may limit options for large additions or pools but is sufficient for a patio, garden, or play area.
3. The home is older than the street average. Should I be concerned?
The 1978 build date is newer than the city-wide average and is solidly mid-range for the street. It falls within an era of common construction standards. A thorough inspection is always advised, but its age is typical for the market.
4. Why is the living area above average for the street but the value is so much lower?
This is the key dynamic. It suggests you are getting more interior space per dollar here than with neighboring homes. The value difference is likely attributed to the lot size, specific condition, or original features, making the interior space a relative strength of this property.
5. What does the "ranked #83 out of 85" for value on the street actually mean?
This statistical ranking shows that only a few homes on Gull Lake Road have a lower assessed value. It highlights the scale of the discount. The important context is that you are acquiring a home with above-average living area for the street at one of its lowest price points.
