Property score
61.8
Fair
Overall 61.8 · Smaller but newer than most nearby homes
960 sqft (bottom 18%) · Built in 1978
Located in a high-income area with median household income of ~106k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 60%Chinese · 7%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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61.8 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: #46110977
$106K
Median household income
$112K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
13%
Single-person households
40%
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
81 Swan Lake Bay — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 99 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 47% | Top 17% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 81 Swan Lake Bay
Section 1: Key Characteristics & Appeal
This 960 sqft bungalow, built in 1978 on a 5,021 sqft lot, presents a practical and affordable entry point into the established Waverley Heights neighborhood. Its primary appeal lies in value and positioning. While the living space is modest compared to area averages, the property’s assessed value of $368K is notably below the street average and competitive within the wider city. This creates a value proposition for buyers seeking a lower-cost foothold in a desirable area without the premium often attached to larger homes on the same street.
The home would suit first-time buyers, downsizers, or investors looking for a manageable property with solid fundamentals. Its newer build year relative to many city homes suggests potentially fewer immediate major updates. The lot, while smaller than others on Swan Lake Bay, is close to the neighborhood average, offering adequate outdoor space without extensive maintenance. This is a property for those who prioritize location and financial efficiency over sheer size, viewing the compact layout as an opportunity for creative use or a simpler lifestyle.
Section 2: Frequently Asked Questions
Q: How does the smaller living area impact value?
A: The below-average square footage is a key factor in the home’s below-average assessed value for the street. This can be an advantage for buyers, as it often translates to lower property taxes and a more accessible purchase price for the location.
Q: Is the lot size a significant drawback?
A: While the lot is smaller than most on its specific street, it is actually around the average for the broader Waverley Heights neighborhood. It provides standard yard space without the upkeep of a larger lot, which can be a benefit for many.
Q: What does the "newer" build year mean for me?
A: Built in 1978, the home is newer than the Winnipeg city average and significantly newer than many in its immediate neighborhood. This can suggest updated building standards for its time and potentially less concern with some aging infrastructure issues found in older stock.
Q: Who determines these rankings and averages?
A: The rankings are a statistical comparison against "comparable homes" in defined areas (street, neighborhood, city), using public assessment data. The "Avg" figure is a rough median benchmark, showing how this property measures up to its peers.
Q: If the home is smaller and on a smaller lot, why is it a good opportunity?
A: It offers a chance to live in a sought-after area at a price point often reserved for less established neighborhoods. For buyers not needing maximum space, it represents an efficient use of budget to secure the location, with the potential to add value through thoughtful updates to the existing footprint.
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