75 Lake Village Road

Waverley Heights, Winnipeg

Property score

60.6

Fair

Overall 60.6 · Smaller than most nearby homes

900 sqft (bottom 9%) · Built in 1977 (1 yr older than avg)

Located in a above-average income area with median household income of ~87k

Transit 80.0 · 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

27% smaller than neighborhood avg.

Taon ng Paggawa

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 48%Punjabi · 15%

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

60.6 is composed by the two sections below.

Property Score

48.4Low
Living Area900 sqft42Low
Taon ng Paggawa197767Good
Lupa3,595 sqft46Low
Neighbourhood Sales Activity59Fair

Community Score

79.0Good
Household Income79Good
Education Level72Good
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

Istatistika ng benta ng komunidad

Waverley Heights

How to read: Share of sales in each ~$50k price band for “waverley heights” (Detached na bahay (hindi 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: #46110979

Community deep dive

$87K

Median household income

$96K

Average household income

13%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

18%

Single-person households

31%

Families with children

Population, labour & age

Population (2021)703
Labour force participation rate67%
Median age34.4
Avg household size2.9
Unemployment rate7%
Population density4393 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households18%
Couple families with children31%
Median household income (2020)$87K

Housing

Renter households14%
Condominium dwellings4%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)38%
Visible minority58%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 47%
Mother tongue (2nd)Punjabi · 15%

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

Mga ranggo

Living Area

karaniwan
900 sqft
0255075100
Same streetBottom 47%Same areaBottom 9%CitywideBottom 17%
Same street · Lake Village Road
#75 / 142
Bottom 47% · Avg 936 sqft
Same area · Waverley Heights
#1,493 / 1,633
Bottom 9% · Avg 1,239 sqft
Citywide · Winnipeg
#162,141 / 194,458
Bottom 17% · Avg 1,342 sqft

Assessed Value

karaniwan
311k
0255075100
Same streetTop 46%Same areaBottom 14%CitywideBottom 33%
Same street · Lake Village Road
#66 / 142
Top 46% · Avg 309.5k
Same area · Waverley Heights
#1,407 / 1,633
Bottom 14% · Avg 398.1k
Citywide · Winnipeg
#131,157 / 194,458
Bottom 33% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1977
0255075100
Same streetTop 12%Same areaBottom 49%CitywideTop 37%

Lupa

karaniwan
3,595 sqft
0255075100
Same streetTop 50%Same areaBottom 16%CitywideBottom 20%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

75 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 395 m), 1 education (nearest 439 m), 3 healthcare (nearest 395 m).

Search radius
🍽️Dining7
🏫Education1
🏥Healthcare3
🛒Shopping1
🌳Parks1
Fuel Stations1
🏛️Government1

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%

Kasaysayan ng Benta

Naibenta 8/2022CA$250k–300k
Presyo ng benta

Parehong kalye

Top 48%

Parehong lugar

Bottom 23%

Buong lungsod

Bottom 36%

Related homes

Mga tampok at karaniwang tanong: 75 Lake Village Road, Winnipeg

Property Overview

This home at 75 Lake Village Road in Winnipeg's Waverley Heights neighborhood presents a specific and value-oriented profile. Its key appeal lies in offering a competitively priced entry point into a established community, particularly for those who prioritize location and a manageable footprint over sheer size.

Key Characteristics & Target Buyer

The 900 sqft bungalow, built in 1977, sits on a 3,595 sqft lot. The data reveals a clear narrative: this property is consistently "below average" in size (both living area and lot) when compared to its broader community and city, but crucially, it is "close to average" on its own street and in its assessed value for tax purposes. This indicates you are buying into a street of similarly scaled homes, ensuring neighborhood consistency, while the property's assessed value is notably lower than the Waverley Heights average, suggesting a potentially more accessible price point.

Its primary appeal is for pragmatic, first-time buyers or downsizers seeking a lower-maintenance home in a convenient south Winnipeg location without the premium often attached to larger lots and square footage in the area. It suits someone comfortable with a home that is efficient and cozy rather than expansive. A less obvious perspective is that a smaller, well-priced home on a modest lot in a desirable area can represent a strategic, lower-risk investment, as its value is tightly linked to location rather than being inflated by size or luxury features that may not appeal to the broadest market in the future.


Frequently Asked Questions

1. Is this home significantly smaller than others in Winnipeg?
Yes, at 900 sqft, its living area is below the Winnipeg average. However, it is very close to the average size for homes specifically on Lake Village Road, meaning it fits right in on its own street.

2. Why is the tax assessment lower than the community average?
The assessed value is close to the city-wide average but below the average for Waverley Heights. This typically reflects the home's more modest size and lot dimensions compared to many larger, potentially more updated homes in the broader neighborhood.

3. What does the 1977 build year mean for maintenance?
Built in 1977, the home is newer than many in Winnipeg but is approaching 50 years old. Buyers should budget for updates to major aging components like the roof, windows, and mechanical systems, which may be due for replacement or modernization.

4. Who would this property not be suitable for?
It would likely not suit buyers looking for ample indoor space for a growing family, those who desire a large yard for gardening or recreation, or anyone seeking a move-in-ready home with modern, open-concept layouts common in newer builds.

5. How should I interpret the ranking data?
The rankings show how this property compares to others in three circles: its immediate street, the Waverley Heights community, and all of Winnipeg. The key takeaway is that while it feels average on its own block, it is a more compact, value-oriented option within the wider, generally larger-homed neighborhood.

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.