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 ~83k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 1 school, 2 parks, and 1 fuel station 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 · 56%Punjabi · 9%
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: #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
98 Lake Grove Bay — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 260 m), 2 parks (nearest 470 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 21% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 98 Lake Grove Bay, Winnipeg
Section 1: Overview & Appeal
This home presents a compelling mix of value, potential, and location within the well-regarded Waverley Heights neighborhood. Its key characteristic is a balance of a modest, efficiently sized house (1,000 sqft) on a generously sized and above-average lot (nearly 7,000 sqft) for the city. While the living space is compact compared to immediate neighbors, this is offset by a land area that offers room for gardens, play, or expansion.
The appeal lies in its position as a solid, newer-built home on its street (built in 1981, which is newer than most nearby) with an assessed value that aligns with area norms. It suits practical buyers looking for a manageable footprint without sacrificing outdoor space—ideal for first-time homeowners, downsizers, or investors. The property is a candidate for those who see potential in the land itself or who prioritize a newer building envelope over sheer interior size, offering a foundation to customize without the premium of a fully renovated home.
Section 2: Frequently Asked Questions
1. Is the house too small compared to others on the street?
The living area is below the street average. This suggests a more efficient or compact layout, which can mean lower utility costs and less maintenance. The trade-off is the larger-than-average lot, which is a significant asset.
2. What does the "Elite" ranking for year built mean?
It means this home (1981) is one of the newest on its specific street. This can imply newer major systems (like wiring, plumbing, or insulation) compared to older area homes, potentially reducing immediate update costs.
3. How does the assessed value compare?
The assessed value is around average for the street and city, but above average for the wider Waverley Heights neighborhood. This indicates you are paying for the specific location on Lake Grove Bay and the lot size, which holds value in the area.
4. Is the large lot a good investment?
The lot size is a standout feature, ranking above average for both the neighborhood and city. This not only provides immediate outdoor space but also represents long-term value, as land is a finite resource and offers future potential.
5. Who would this property not suit?
Buyers seeking a move-in-ready home with ample, modern interior space equivalent to newer subdivisions may find the layout limiting. It’s best suited for those comfortable with a cozy interior or those with plans to renovate or extend to capitalize on the lot.
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