78 Lakeshore Road

Waverley Heights, Winnipeg

Property score

69.7

Good

Overall 69.7 · Older than most nearby homes

1,216 sqft (top 38%) · Built in 1975 (3 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 7 dining spots, 1 school, 8 healthcare facilitys, and 1 shop nearby

Living Area

Near average

2% smaller than neighborhood avg.

Taon ng Paggawa

Below average

3 yrs older than neighborhood avg.

Mother tongue

English · 62%Punjabi · 6%

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

69.7 is composed by the two sections below.

Property Score

66.3Good
Living Area1,216 sqft66Good
Taon ng Paggawa197558Fair
Lupa6,270 sqft81Excellent
Neighbourhood Sales Activity59Fair

Community Score

74.9Good
Household Income85Excellent
Education Level54Fair
Housing Stress74Good
Core Housing Need100Excellent
Employment Health42Low

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: #46111191

Community deep dive

$100K

Median household income

$98K

Average household income

10%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.4

P90 / P10 ratio

13%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)423
Labour force participation rate55%
Median age42.0
Avg household size2.9
Unemployment rate11%
Population density2643 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households13%
Couple families with children26%
Median household income (2020)$100K

Housing

Renter households10%
Condominium dwellings0%
Median dwelling value (owners)$384K

Diversity, education & language

Immigrants (share of pop.)26%
Visible minority46%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 61%
Mother tongue (2nd)Punjabi · 5%

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

Mga ranggo

Living Area

karaniwan
1,216 sqft
0255075100
Same streetBottom 26%Same areaTop 38%CitywideTop 49%
Same street · Lakeshore Road
#29 / 39
Bottom 26% · Avg 1,524 sqft
Same area · Waverley Heights
#620 / 1,633
Top 38% · Avg 1,239 sqft
Citywide · Winnipeg
#94,598 / 194,458
Top 49% · Avg 1,342 sqft

Assessed Value

lampas sa average
429k
0255075100
Same streetBottom 41%Same areaTop 30%CitywideTop 32%
Same street · Lakeshore Road
#23 / 39
Bottom 41% · Avg 453.2k
Same area · Waverley Heights
#487 / 1,633
Top 30% · Avg 398.1k
Citywide · Winnipeg
#62,489 / 194,458
Top 32% · Avg 390.1k

Taon ng Paggawa

karaniwan
1975
0255075100
Same streetBottom 38%Same areaBottom 14%CitywideTop 40%

Lupa

lampas sa average
6,270 sqft
0255075100
Same streetTop 49%Same areaTop 39%CitywideTop 26%

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

78 Lakeshore Road — 22 amenities found within 500 m, across 7 categories, including 7 dining (nearest 335 m), 1 education (nearest 281 m), 8 healthcare (nearest 442 m).

Search radius
🍽️Dining7
🏫Education1
🏥Healthcare8
🛒Shopping1
🌳Parks3
🏦Finance1
Fuel Stations1

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 9/2021CA$350k–400k
Presyo ng benta

Parehong kalye

Bottom 13%

Parehong lugar

Top 44%

Buong lungsod

Top 45%

Related homes

Mga tampok at karaniwang tanong: 78 Lakeshore Road, Winnipeg

Property Overview

This home at 78 Lakeshore Road presents a solid, middle-ground opportunity in the Waverley Heights neighborhood. Built in 1975, it sits on a generous 6,270 sqft lot that is above average city-wide. With 1,216 sqft of living space, the house itself is slightly more compact than others on its street but aligns closely with the broader neighborhood and city averages. Its assessed value of $429k positions it as an above-average offering within Waverley Heights, suggesting good value for the area.

The appeal here lies in its balance and location. You’re acquiring a property on a mature street where the home’s value stands strong against neighborhood peers, even with a modest floor plan. The lot size is a significant asset, offering ample outdoor space that is becoming rarer in newer developments. This property would suit practical buyers looking for a well-located home without a premium price tag—perhaps first-time buyers seeking entry into a desirable area, or downsizers who value a manageable house size paired with a spacious yard. It’s not the largest or newest on the block, but it represents a grounded, value-conscious choice in a stable setting.


Frequently Asked Questions

Q: How does the size of this home compare to others nearby?
A: At 1,216 sqft, the living area is slightly below the average for Lakeshore Road itself, but it is very close to the average for both the wider Waverley Heights neighborhood and the city of Winnipeg. It’s a comfortably sized home that fits the typical scale of the area.

Q: Is the assessed value a good indicator of the property’s worth in the market?
A: The $429k assessment is notably above the neighborhood average, which often reflects the property’s perceived value relative to its immediate surroundings. However, market conditions and the home’s specific condition will ultimately determine the sale price.

Q: What does the lot size offer?
A: The 6,270 sqft lot is a key feature. It’s above the city-wide average and provides substantial outdoor space for gardening, recreation, or future expansion, which is a valuable asset in an established neighborhood.

Q: The home was built in 1975. What should I consider?
A: Built in the mid-70s, this home is of a typical vintage for the street but is slightly older than many in the Waverley Heights area. Prospective buyers should budget for potential updates to major systems like roofing, windows, or HVAC that are common for homes of this age, while also appreciating the character and established landscaping of an older property.

Q: How does this property rank for investment or resale?
A: The data suggests a stable profile. Its value ranks well within a sought-after neighborhood, and the above-average lot size is a lasting advantage. While not the largest home, its balanced metrics indicate it should hold its appeal to a broad segment of buyers looking for a balanced offering in a good location.

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