75.9
Good
Property score
75.9
Good
Overall 75.9
Larger and newer than most nearby homes
1,589 sqft (top 15%)
Built in 1981 (3 yrs newer than avg)
Located in a above-average income area
with median household income of ~83k
Transit 74.0
5-min walk to transit with 2 nearby routes
Within 500m: 1 school, 1 park, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
28% larger than neighborhood avg.
Year Built
Above average
3 yrs newer 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
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75.9 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
78 Lake Grove Bay — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 244 m), 1 parks (nearest 417 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 33% | Top 42% | Top 44% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 78 Lake Grove Bay in Waverley Heights presents a balanced and practical offering. Its primary appeal lies in its above-average living space and a newer build year relative to its immediate surroundings, all set on a generous lot. At 1,589 sqft, the living area is notably larger than most homes in the wider neighborhood and city, providing ample room for a growing family or those who value spaciousness. A key, less obvious strength is its 1981 build date, which ranks as the newest on its street. This suggests potentially fewer immediate concerns with aging components compared to neighboring houses, offering a relative sense of modernity in an established area.
The property suits buyers looking for a solid, move-in-ready home in a mature Winnipeg neighborhood without paying a premium for a fully renovated or custom property. It’s an ideal match for those who prioritize interior space and a more recent construction date over having a top-tier assessed value on the block. The lot size, consistently above average at all comparison levels, is a significant asset for outdoor enjoyment, gardening, or future expansion.
Frequently Asked Questions
Q: How does this home’s value compare to others on the street?
A: Its assessed value is around the average for Lake Grove Bay. This indicates it is fairly priced within its immediate market, neither the most nor least expensive on the block.
Q: What does the "newer build year" ranking actually mean for me?
A: Built in 1981, this home is the newest on its street. In practical terms, this often translates to building systems (like wiring, plumbing, and insulation) that may be more contemporary and efficient than those in older neighboring homes, potentially reducing near-term upgrade costs.
Q: Is the living space efficiently laid out?
A: The data confirms the home has above-average square footage for the area. While the floor plan isn't detailed here, the total living area of 1,589 sqft is substantial, ranking in the top 15% within Waverley Heights, suggesting a layout that likely offers good room sizes and functionality.
Q: The lot is large, but how does it compare?
A: The 6,998 sqft lot is consistently above average—it’s larger than 83% of comparable lots citywide and 79% within the neighborhood. This provides more private outdoor space than most homes in Winnipeg.
Q: Are there any red flags in the rankings?
A: There are no extreme negative outliers. The assessed value rankings are average, which is typical for a well-maintained home in an established area. It’s not an undervalued project, but a squarely positioned, stable property in its market.
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