Property score
61.2
Fair
Overall 61.2 · Compared with neighbourhood average
1,080 sqft (bottom 37%) · 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 2 shops nearby
Living Area
Below average
13% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
61.2 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: #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
86 Lake Village Road — 16 amenities found within 500 m, across 7 categories, including 7 dining (nearest 350 m), 1 education (nearest 459 m), 3 healthcare (nearest 352 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 13% | Bottom 46% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 86 Lake Village Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1977, presents a compelling opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its efficient use of space and its position as a value-conscious entry into a desirable area. On its own street, the home stands out with an above-average living area, suggesting a well-utilized floor plan compared to immediate neighbors. However, the broader context reveals its true character: this is a more modestly scaled property set within a neighborhood of larger, higher-value homes. The lot size is notably smaller than area averages, which translates to lower maintenance without sacrificing access to the community's amenities and prestige.
This property would ideally suit first-time buyers or downsizers seeking the Waverley Heights address without the premium price tag or upkeep of a larger estate. It’s a practical choice for those who value location over sheer size, offering a chance to own in a established neighborhood while maintaining a manageable footprint. A thoughtful perspective is that the below-average assessed value for the neighborhood isn't just a discount; it may represent a long-term property tax advantage compared to neighboring houses, which is a significant ongoing cost savings.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the lot is smaller than the neighborhood average, it is more in line with the street's typical parcel size. This means less yard maintenance and lower exterior costs, which can be a benefit for those seeking a low-maintenance lifestyle, while still providing private outdoor space.
2. The assessed value is below the neighborhood average. Is this a concern?
Not necessarily. It primarily reflects the home's more modest scale and lot size compared to larger properties in Waverley Heights. It can be an advantage, potentially leading to relatively lower property taxes while still granting access to the area's amenities and community.
3. What does the "above average" living area ranking on the street indicate?
It shows that for Lake Village Road, this home offers more interior space than most. This suggests a efficient or potentially expanded layout compared to other homes of similar vintage on the block, which is a positive feature in an older neighborhood.
4. The home was built in 1977. What should I consider?
This is a typical build period for the area. Buyers should prioritize a thorough inspection focusing on updates to major systems like roof, windows, plumbing, and electrical, as well as ensuring any original materials (like insulation) meet modern standards.
5. Is this a good investment for the area?
Its position as one of the more accessible price points in Waverley Heights could make it resilient. It appeals to a broad demographic seeking the location, and future value may be buoyed by the higher-valued homes surrounding it, making it a strategic entry into the market.
