Property score
54.0
Fair
Overall 54.0 · Smaller than most nearby homes
809 sqft (bottom 4%) · 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
80 Lake Village Road — 15 amenities found within 500 m, across 7 categories, including 7 dining (nearest 367 m), 1 education (nearest 441 m), 3 healthcare (nearest 370 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 49% | Bottom 23% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 10% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 80 Lake Village Road presents a specific and practical value proposition within Winnipeg's Waverley Heights neighborhood. Its appeal is rooted in being a competitively priced, lower-maintenance entry point into a desirable area, rather than offering abundant space.
Key Characteristics & Ideal Buyer
The 809 sqft bungalow, built in 1977, sits on a 3,060 sqft lot. Its key characteristic is its efficient scale: the living area is modest compared to the neighborhood and city averages, but it is quite typical for its own street. This is reflected in the assessed value, which is very close to the street average but notably below the wider neighborhood average. Essentially, you are acquiring a home that fits the local streetscape at a price that doesn't carry the premium of the larger, more valuable homes surrounding it.
Its primary appeal lies in accessibility and efficiency. It suits first-time buyers, downsizers, or investors seeking a manageable property in a well-regarded area without the upkeep of a larger house or yard. A thoughtful perspective is that this property offers the benefits of the Waverley Heights location—amenities, schools, and community—while functioning as a more compact, cost-effective living space. It’s a strategic choice for those prioritizing location over square footage, and who see the smaller lot as a feature (less maintenance) rather than a drawback.
Frequently Asked Questions
1. Is the house unusually small for the area?
While its living area is below the neighborhood average, it ranks as around average for Lake Village Road itself. You're buying a home that is typical for its immediate block, situated within a broader area of generally larger properties.
2. Why is the assessed value lower than the neighborhood average?
The assessed value aligns closely with the home's physical characteristics—its smaller size and lot—relative to other homes. It is priced appropriately for what it is, which creates a value opportunity to enter this neighborhood.
3. What does the year built (1977) indicate?
It is actually newer than the Winnipeg city average and is above average for its street. This suggests the home may have construction standards or features from that era that are relatively modern compared to many in the city.
4. Is the lot size a concern?
The lot is smaller than area norms, but this translates to less yard maintenance. It's a trade-off that will appeal to those seeking a low-maintenance outdoor space.
5. How should I interpret all these rankings?
They provide context. This home is a "local average" house on its street in terms of size and value, but becomes a "below average" property when compared to the entire, more affluent Waverley Heights neighborhood. This dynamic is what creates its specific market position.
