75 West Lake Crescent

Waverley Heights, Winnipeg

Property score

65.5

Good

Overall 65.5 · Newer than most nearby homes

1,152 sqft (top 49%) · Built in 1978

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

Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 5 healthcare facilitys, 3 shops, and 2 parks nearby

Living Area

Near average

7% smaller than neighborhood avg.

Year Built

Above average

0 yrs newer 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

65.5 is composed by the two sections below.

Property Score

56.5Fair
Living Area1,152 sqft60Fair
Year Built197867Good
Lot Size2,947 sqft28Low
Neighbourhood Sales Activity59Fair

Community Score

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

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: #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.

Rankings

Living Area

around average
1,152 sqft
0255075100
Same streetTop 33%Same areaTop 49%CitywideBottom 45%
Same street · West Lake Crescent
#15 / 46
Top 33% · Avg 1,040 sqft
Same area · Waverley Heights
#808 / 1,633
Top 49% · Avg 1,239 sqft
Citywide · Winnipeg
#106,322 / 194,458
Bottom 45% · Avg 1,342 sqft

Tax-Assessed Value

above average
327k
0255075100
Same streetTop 22%Same areaBottom 22%CitywideBottom 38%
Same street · West Lake Crescent
#10 / 46
Top 22% · Avg 317.4k
Same area · Waverley Heights
#1,269 / 1,633
Bottom 22% · Avg 398.1k
Citywide · Winnipeg
#120,689 / 194,458
Bottom 38% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 33%Same areaTop 18%CitywideTop 35%

Lot Size

around average
2,947 sqft
0255075100
Same streetBottom 37%Same areaBottom 8%CitywideBottom 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

75 West Lake Crescent — 12 amenities found within 500 m, across 4 categories, including 2 education (nearest 251 m), 5 healthcare (nearest 384 m), 3 shopping (nearest 422 m).

Search radius
🏫Education2
🏥Healthcare5
🛒Shopping3
🌳Parks2

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 8/2021CA$250k–300k
Sold price

Same street

Bottom 34%

Same area

Bottom 13%

City-wide

Bottom 29%

Related homes

Highlights & common questions: 75 West Lake Crescent, Winnipeg

Property Overview: 75 West Lake Crescent

Key Characteristics & Appeal

This 1,152 sqft bungalow, built in 1978, presents a solid, no-surprises offering in the Waverley Heights neighborhood. Its primary appeal lies in its balanced position within a stable, established streetscape. On West Lake Crescent itself, the home is competitive, with an above-average assessed value and living area that aligns closely with its immediate neighbors. This suggests a well-kept property that holds its own on a street of similar homes.

However, the more thoughtful perspective comes from viewing it within the broader context. While the lot size is smaller than most in both the neighborhood and city, this translates to less yard maintenance—a potential upside for downsizers or those seeking a simpler lifestyle. The home’s assessed value is notably below the Waverley Heights average, which could indicate an opportunity for a buyer to enter this desirable area at a relatively accessible point, possibly with room to add value. This property would suit a pragmatic first-time buyer looking for a move-in-ready home in a mature area, or an empty-nester seeking to rightsize without leaving the community. It’s for those who value neighborhood character over a large lot, and see potential in a home that is average in size but above average in its immediate street appeal.

Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
It depends on your priorities. While below the area average, it means less yard work and lower maintenance costs. For many, this is a practical benefit rather than a drawback.

2. Why is the assessed value below the neighborhood average?
This can be due to several factors, including the home’s specific age, updates, and its more modest lot size. It doesn’t necessarily reflect condition, but may represent a comparative value opportunity within Waverley Heights.

3. What does the "around average" living area ranking mean for daily life?
With 1,152 sqft, the home provides typical space for a bungalow of its era—adequate for a couple or small family. It’s not expansive, but is in line with the practical layouts common on its street.

4. The home was built in 1978. What should I be aware of?
Homes from this period may have original components like windows, roofing, or furnaces nearing the end of their lifespan. A thorough inspection is advised to budget for any potential updates.

5. How does this property rank for potential investment or resale?
Its strong standing on its own street (Top 22% for value) is a positive sign for stability. The below-average price point for the wider neighborhood could offer a favorable entry point, with the street’s overall consistency being a good indicator for future resale.

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