Waverley Heights, Winnipeg - August 2026 Real Estate Report

Waverley Heights Real Estate Update: Solid Ground, But the Market Is Shifting

If you live in Waverley Heights and you haven't checked your home's value lately, now is the time. The city's tax assessment is almost certainly out of date - and the gap between what the city thinks your home is worth and what a buyer would actually pay is wider than you'd think right now.

The Vibe: What's Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses - A Breather, Not a Crash

The average sale price for houses this month came in at $379,650 - down 21.4% from last month. That sounds alarming, but context matters. Only 6 homes sold, so one or two lower-priced sales can swing that average hard. The HonestDoor Price for houses sits at $452,503, up 0.53%, and the predicted market value is $450,114 - trending up from the 3-month average of $444,062. The market is taking a breather, not falling apart.

• Average HonestDoor Price (Houses): $452,503 - up 0.53%
• Average Sale Price This Month: $379,650
• Average List Price This Month: $489,900
• Price Per Square Foot: $395
• Homes Sold for 95.77% of list price - buyers are negotiating, and winning
• Average Days on Market: 35
• Estimated Monthly Rent: $2,307 - rental yield of 5.73%
• 39 total property transactions in 2026

On the neighbourhood leaderboard, Waverley Heights houses rank 109 out of 193 for growth - below average for Winnipeg. But for days on market, we rank 33 out of 71, which means homes here are still moving at a moderately fast pace. Price rank sits at 91 out of 185 - above average for the city. We're not leading the pack, but we're not at the back either.

Condos - Quiet and Steady

The condo side of our market is much calmer. Only 1 condo sold this month at $220,900, which is essentially flat. Condos are selling in 22 days on average - faster than houses - and the HonestDoor Price is $184,412. That number has dipped 2.08% recently, which is worth watching if you own a condo here.

• Average HonestDoor Price (Condos): $184,412 - down 2.08%
• Average Sale Price This Month: $220,900
• Price Per Square Foot: $253
• Condos sold for 95.04% of list price
• Average Days on Market: 22
• Estimated Monthly Rent: $1,034 - rental yield of 4.34%

On the condo leaderboard, we rank 89 out of 175 for growth - below average - and 81 out of 123 for price, also below average. Condos here are a more affordable entry point compared to neighbours like Bridgwater Forest and Fairfield Park, but they're not leading on appreciation right now.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here's the thing about your city tax assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in your renovated kitchen or the new school nearby. It's a blunt instrument.

The HonestDoor Price is updated in real time using actual sales data, current listing activity, and market trends specific to Waverley Heights. Right now, the predicted market value for a house here is $450,114 - trending upward from the 3-month average of $444,062. If your city assessment is sitting below that number, you could be leaving money on the table when you price your home, refinance, or even just decide whether to sell.

Check your HonestDoor Price now. It takes 30 seconds and it's the most honest number you'll find without hiring an appraiser.

The "So What?" - Thinking About Selling This Summer?

If you're a homeowner in Waverley Heights eyeing a summer sale, here's the straight talk.

Buyers right now are negotiating. Houses are selling at about 96 cents on the dollar, and they're taking 35 days to move. That's not a crisis, but it means you can't just throw a number on your home and expect a bidding war. Pricing sharp from day one matters more than it did a year ago.

The good news - list prices are averaging $489,900 while the HonestDoor Price sits at $452,503. That gap tells you there's room to price competitively and still come out strong. Nearby neighbourhoods like Bridgwater Forest ($769,230 HonestDoor Price) and Fairfield Park ($670,429) are priced significantly higher, which means buyers who can't stretch that far are still looking at Waverley Heights as a real option. That's a genuine advantage heading into summer.

For condo owners, the market is slower and the numbers are softer. If you're thinking of selling, sooner is probably better than later while values are still holding relatively flat.

Bottom line - Waverley Heights is a solid, mid-market neighbourhood with real rental income potential and a buyer pool that isn't going anywhere. Know your number, price it right, and you'll be fine.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.