Property score
54.0
Fair
Overall 54.0 · Smaller than most nearby homes
800 sqft (bottom 3%) · 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
35% 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
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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
78 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 376 m), 1 education (nearest 432 m), 3 healthcare (nearest 379 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 25% | Bottom 39% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 78 Lake Village Road, Waverley Heights
Key Characteristics & Appeal
This 1977-built home at 78 Lake Village Road presents a compelling case for value-focused buyers seeking a well-located, lower-maintenance property. Its key appeal lies in its efficient 800 sqft layout, which is notably smaller than most homes in the wider Waverley Heights neighborhood and the city. This isn't a sprawling property, but rather a manageable footprint that translates to easier upkeep and lower utility costs.
The home’s assessed value of $313k sits very close to the average for its own street, yet it stands out as a more affordable entry point into the desirable Waverley Heights area, where average values are significantly higher. This creates a unique position: you're paying a street-average price for a home that grants access to a well-above-average neighborhood. The lot size, while smaller than the neighborhood norm, is proportionate to the home and offers a private outdoor space without the burden of extensive landscaping.
This property would ideally suit first-time buyers, downsizers, or investors looking for a solid entry into a strong community without a premium price tag. It’s for those who prioritize location and financial efficiency over sheer square footage, and who see the value in a home that is newer than most on its street and easier to maintain than larger, more expensive alternatives in the area.
Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the home is compact. It’s below average for the street, neighborhood, and city. This is ideal for individuals, couples, or small families seeking an efficient, low-maintenance layout, but may feel restrictive for those needing multiple dedicated rooms or ample storage.
2. How does the value compare to the area?
The assessed value is very close to the average for Lake Village Road itself. However, it is notably below the average for the broader Waverley Heights neighborhood. This suggests you are acquiring a home in a premium area at a price point more aligned with its immediate street, offering potential value.
3. What does the lot size mean for me?
The 3,016 sqft lot is smaller than the neighborhood average but close to the street average. It provides a manageable yard for gardening or relaxation without the upkeep demands of a much larger plot. It’s a balanced space for those who want outdoor area but not the responsibility of a sprawling lawn.
4. Is a 1977-built home considered old?
For its specific street, this home is actually above average, ranking in the top 12% by year built. It’s a relatively newer home on Lake Village Road. City-wide, it’s also slightly newer than the average comparable home. This suggests modern construction relative to many peers.
5. Who would this property not suit?
Buyers who require significant space, either indoors or outdoors, may find it limiting. It’s less suited for those who work extensively from home and need dedicated offices, or for families planning considerable growth. It’s a home designed for efficient living, not expansive living.
