Property score
90.3
Excellent
Overall 90.3 · Larger and newer than most nearby homes
2,455 sqft (top 15%) · Built in 2024 (5 yrs newer than avg)
Located in a high-income area with median household income of ~107k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school nearby
Living Area
Above average
23% larger than neighborhood avg.
Year Built
Above average
5 yrs newer than neighborhood avg.
Mother tongue
English · 38%Chinese · 16%
Past 10 years Waverley West B sales snapshot (~80% of all data)
87
518.9k
$339/sqft
2019
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90.3 is composed by the two sections below.
Property Score
Community Score
Waverley West B
How to read: Share of sales in each ~$50k price band for “waverley west b” (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: #46111256
$107K
Median household income
$127K
Average household income
15%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.7
P90 / P10 ratio
9%
Single-person households
47%
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
31 Karschuk Bay — 1 amenities found within 500 m, across 1 categories, including 1 education (nearest 480 m).
Waverley West B · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Top 20% | Top 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 31 Karschuk Bay presents a compelling blend of modern build quality and above-average space within its immediate context. Its primary appeal lies in being a newer, spacious property that stands out significantly when viewed on a citywide scale, while offering a more grounded profile within its own sought-after street and neighborhood in Waverley West.
Key Characteristics & Ideal Buyer
The 2,455 sqft residence, built in 2024, is one of the newest homes on its street. Its living space is comfortably above the neighborhood average and places it within the top 3% of comparable homes citywide in Winnipeg. This pattern is mirrored in its assessed value, which is elite compared to the city but more in line with local peers on Karschuk Bay. The lot size is generous for the street but typical for the city, suggesting a focus on the home's footprint rather than extensive outdoor space.
The appeal here is for buyers seeking modern construction with minimal immediate maintenance, who value space and quality finishes. It suits professionals or families looking for a move-in-ready home in a developing area, where the property itself is newer than most surrounding homes. A thoughtful perspective is that this home offers city-leading metrics in a neighborhood setting, providing a premium feel without being an outlier on its own block—ideal for those who want quality without standing out excessively.
Frequently Asked Questions
How does this home truly compare to others on the street?
While its size and assessed value are around or slightly above the street average, its key differentiator is age. It is the newest home on the block, which typically translates to modern building standards, energy efficiency, and contemporary layouts.
Is the assessed value a reliable indicator of property taxes?
The assessed value is the basis for municipal property taxes. With an assessment in the elite tier citywide, buyers should budget for property taxes that reflect this premium valuation compared to the average Winnipeg home.
What does the land area ranking indicate?
The lot is above average for the street but ranks lower within the wider neighborhood. This suggests the home is in a denser subsection of Waverley West B, likely with more proximity to neighbors than homes on larger, more rural-style lots elsewhere in the area.
As a new build, are there any potential concerns?
While new construction offers many benefits, it’s prudent to inquire about the builder’s warranty, the landscaping completion status, and whether the home has undergone its first full cycle of seasons to identify any minor settling or adjustment issues.
How should I interpret the different ranking tiers (Street, Neighborhood, City)?
These tiers show the property’s context. It is a strong performer citywide, a very strong performer in the neighborhood, and a solid, modern home on its own street. This indicates you are buying into a desirable area where this property is competitive but not anomalous.
