66.2
Good
Property score
66.2
Good
Overall 66.2
Smaller but newer than most nearby homes
1,000 sqft (bottom 21%)
Built in 1981 (3 yrs newer than avg)
Located in a above-average income area
with median household income of ~87k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 48%Punjabi · 15%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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66.2 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: #46110979
$87K
Median household income
$96K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
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
85 Lake Grove Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 195 m), 1 parks (nearest 401 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 40% | Top 20% | Top 28% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 48% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 85 Lake Grove Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of value and practicality in the Waverley Heights neighborhood. Its key characteristic is a well-balanced profile: while the 1,000 sqft living area and 4,998 sqft lot are modest for the immediate street, they translate into lower maintenance and utility costs—a significant appeal for downsizers, first-time buyers, or those seeking a efficient footprint without sacrificing neighborhood quality.
The appeal lies in its solid positioning. The assessed value is consistently "around average" at every comparison level, suggesting the market price is fair and aligned with broader areas. Notably, the 1981 build year is a standout feature, ranking as newer than most homes on the street and in the wider neighborhood. This implies potentially fewer immediate concerns with major aging components compared to peers.
It would best suit pragmatic buyers who prioritize a move-in ready property in a mature neighborhood over sheer size. It’s a smart choice for someone looking to enter a desirable area without paying a premium for the largest homes on the block, or for an investor seeking a property with a realistic valuation and newer construction relative to its surroundings.
Section 2: Frequently Asked Questions
Q: The living area is noted as below average. How will this affect daily living?
A: The home offers efficient use of space. While not expansive, the below-average size compared to the street and neighborhood directly correlates with lower heating/cooling costs and less upkeep. It’s designed for comfortable living without excess.
Q: The assessed value is "around average." What does that indicate about the property?
A: It indicates a stable, market-supported valuation. You’re not overpaying for the street or neighborhood premium, nor are you finding a "bargain" that may reflect hidden issues. It’s a squarely priced home in its context.
Q: The 1981 build year is a top ranking. What are the practical benefits?
A: A newer build year than most neighbors suggests key structural and mechanical systems (like wiring, plumbing, and insulation) may be from a more modern era, potentially offering better efficiency and reliability, and possibly deferring major renovation timelines.
Q: The lot size is smaller than many on the street. Is this a disadvantage?
A: It depends on your lifestyle. A smaller lot means less yard work and lower outdoor maintenance costs, which is a plus for many. It still provides adequate private outdoor space while contributing to the property's overall affordability.
Q: How should I interpret the different rankings for street, neighborhood, and city?
A: They provide context. For example, the home feels smaller on its own street of larger properties but is more aligned with city-wide norms. This highlights that Lake Grove Bay is a street of above-average homes, and this property offers a more accessible entry point into it.
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