Property score
63.4
Fair
Overall 63.4 · Newer than most nearby homes
1,080 sqft (bottom 37%) · Built in 1978
Located in a high-income area with median household income of ~97k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 1 school, 4 healthcare facilitys, and 3 shops nearby
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 50%Punjabi · 13%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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63.4 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: #46110980
$97K
Median household income
$107K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
10%
Single-person households
31%
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
8 Lake Fall Place — 19 amenities found within 500 m, across 7 categories, including 7 dining (nearest 425 m), 1 education (nearest 392 m), 4 healthcare (nearest 243 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 31% | Bottom 6% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 8 Lake Fall Place presents a practical and value-conscious opportunity in Winnipeg's Waverley Heights neighborhood. Its key appeal lies in being a well-maintained, average-sized home on a quiet street, but with an assessed value that stands out favorably compared to its immediate neighbors. Built in 1978, it is newer than many homes on its street and in the broader city. The lot size is modest, especially compared to the neighborhood norm, which translates to less yard maintenance. This property would suit first-time buyers, downsizers, or practical investors looking for a comfortable home without a premium price tag, particularly those who prioritize interior space and newer construction over a large yard.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is. Its assessed value is the highest on its street, indicating it's in top condition relative to its direct neighbors. However, it's priced below the Waverley Heights average, meaning you may get more house for your money here than elsewhere in the neighborhood.
2. How does the lot size impact the property?
The lot is smaller than most in Waverley Heights and Winnipeg overall. This is a advantage for those seeking lower maintenance, but a consideration if you desire extensive outdoor space, gardening, or future expansions like a large deck or addition.
3. The home was built in 1978. What should I be aware of?
While newer than many comparable homes, a 1978 build means key components like the roof, windows, and major systems (heating, electrical) could be nearing or past their typical lifespan. A thorough inspection is essential to understand the home's current condition and upcoming capital costs.
4. How does this home compare in size to others?
Its living area (1,080 sq ft) is very close to the average for its street and neighborhood. It offers a standard amount of space—not the largest, but certainly not the smallest—making it a typical, functional family home for the area.
5. What's the bigger picture of this property's ranking?
It tells a story of a well-kept, modern home on a street of similar properties. It ranks highly on its own street for value and year built, but becomes more average or modest when compared to the wider, more established neighborhood. This highlights its strength as a solid street-level opportunity rather than a standout in the entire suburb.
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