Property score
54.0
Fair
Overall 54.0 · Smaller than most nearby homes
827 sqft (bottom 6%) · Built in 1977 (1 yr older than avg)
Located in a above-average income area with median household income of ~83k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 56%Punjabi · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
54.0 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: #46110978
$83K
Median household income
$79K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
22%
Single-person households
26%
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 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 385 m), 1 education (nearest 422 m), 3 healthcare (nearest 388 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 10% | Bottom 47% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 74 Lake Village Road presents a practical and efficient living option in the Waverley Heights neighborhood. Its key appeal lies in offering a well-maintained, average-sized home for its immediate street, but at a value-oriented price point relative to its broader community and the city of Winnipeg.
Key Characteristics & Ideal Buyer
The 827 sqft residence, built in 1977, is notably well-kept for its age, ranking newer than 88% of homes on its own street. Its living space is typical for Lake Village Road but is more compact compared to the larger average homes in the Waverley Heights area. This creates a specific value proposition: the property’s tax-assessed value is very close to the street average but sits significantly below the community average, suggesting a potentially lower entry cost into the neighborhood.
The lot size is modest, especially within the context of the community, which translates to less exterior maintenance—a point of appeal for those seeking a manageable yard. This home would suit first-time buyers or downsizers looking for a solid, move-in-ready property in a established area without paying a premium for excess square footage or land. It’s for the pragmatic buyer who prioritizes location and condition over sheer size, seeing the smaller lot and efficient floor plan as features that reduce ongoing upkeep and costs.
Frequently Asked Questions
1. How does the property’s value compare to the neighborhood?
The tax assessment is notably below the Waverley Heights community average, positioning this home as a more affordable option within the area. This could indicate good value, but it’s essential to view the interior condition and updates to understand the full picture.
2. Is the house unusually small?
Not for its specific street. The living space is very close to the average for Lake Village Road. However, it is smaller than the typical home in the wider Waverley Heights community, which generally features larger properties.
3. What does the 1977 build year mean for maintenance?
While older, the home ranks in the top 12% for its street based on build year, indicating it is one of the newer homes on the block. This suggests a well-maintained street but also that major components like the roof, windows, or mechanical systems may be due for inspection or updates based on their service life.
4. How much yard work can be expected?
The lot is under 3,100 sqft, which is smaller than most in the community. This is a advantage for those wanting minimal landscaping and yard maintenance, but may not suit buyers looking for extensive outdoor space or privacy.
5. Are property taxes likely to be high here?
The assessed value for taxes is below both the community and city averages, which is a positive indicator for relatively lower tax bills. However, final taxes depend on the municipal mill rate and any changes after a sale.
