Waverley Heights, Winnipeg - June 2026 Real Estate Report

Waverley Heights Real Estate: What Your Neighbours Are Not Telling You

If you own a home in Waverley Heights and you have not checked your property value lately, now is the time to pay attention. The market here is moving in two different directions depending on what you own - and the gap between what the city thinks your place is worth and what buyers are actually paying is wider than you might expect.

The Vibe: Houses vs. Condos

Let us break it down honestly, because houses and condos are telling very different stories right now.

Houses - Moving Fast, But Watch the Trend

If you have been watching the "For Sale" signs in Waverley Heights, here is what is actually happening on the house side. Sales are active - 10 houses sold this month, and they are moving in an average of 21 days. That is faster than nearby Montcalm, where homes are sitting for 27 days. When your neighbourhood outsells the competition on speed, that means real buyer demand is showing up here.

• Average sale price this month: $505,190 - up 21.7% from last month
• Average list price: $439,900
• Price per square foot: $406
• Homes sold at 98.18% of list price - buyers are paying close to asking, but still landing slightly under
• Average days on market: 21 days - ranks 21 out of 72 neighbourhoods in Winnipeg for speed
• Predicted market value: $438,771
• 3-month moving average: $448,116 - the short-term trend is softening slightly
• Rental yield: 5.75% - that is a strong return for investors
• Estimated monthly rent: $2,256
• Recent value change: -6.32%
• Neighbourhood growth rank: 149 out of 195 in Winnipeg

Here is the honest read: houses are selling quickly and the monthly sale price jumped hard, but the predicted value and 3-month average are both easing back. We are not in freefall - think of it as the market taking a breather after a strong run. The growth rank of 149 out of 195 puts us in below-average territory on the Winnipeg neighbourhood leaderboard, so this is not a moment to assume prices only go up.

Condos - Steady, But Buyers Hold the Cards

The condo side of Waverley Heights is a quieter story. Only 1 condo sold this month, and it went for $220,900 - essentially flat compared to recent months. Buyers paid 95.04% of list price, which means sellers are giving ground to close deals. That is the definition of a buyers market.

• Average sale price: $220,900 - essentially unchanged
• Average list price: $219,900
• Price per square foot: $253
• Properties sold at 95.04% of list price - buyers are negotiating successfully
• Average days on market: 22 days - ranks 20 out of 56 in Winnipeg for speed
• Predicted market value: $184,414
• 3-month moving average: $184,472 - virtually flat
• Rental yield: 4.34% - moderate, but still positive for landlords
• Estimated monthly rent: $1,013
• Recent value change: -0.59%
• Neighbourhood growth rank: 161 out of 192 in Winnipeg

A growth rank of 161 out of 192 puts our condos near the bottom of the Winnipeg neighbourhood leaderboard right now. That does not mean condos here are a bad investment - it just means we are not leading the pack, and condo sellers need to price sharp to compete.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is something most homeowners do not think about until it is too late. Your city assessment is a snapshot frozen in time - it reflects what bureaucrats calculated months or even years ago. The market does not care about that number. Buyers do not care about that number. What matters is what someone will actually pay today.

The HonestDoor Price is updated in real time using actual sales data. Right now, the average HonestDoor Price for a house in Waverley Heights is $443,302 - up 1.03% from the previous period. For condos, it is $188,659 - up 2.30%. These numbers move with the market, not with the city's update schedule. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is your real-world check against a static government number that may be significantly off.

Think about it this way: if your assessment is lagging behind and you are underinsured or mispricing your listing, that is money left on the table. Check your HonestDoor Price before you make any move.

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

If you own a house in Waverley Heights and are thinking about listing this summer, the timing has some real upside - but you need to go in with clear eyes.

The fast days-on-market number (21 days, ranking 21 out of 72 in Winnipeg) tells us buyers are active and motivated. Houses that are priced right are not sitting. The sale-to-list ratio of 98.18% means you are unlikely to get a bidding war premium, but you are also unlikely to be chasing the market down with price cuts if you start smart.

The caution flag is the growth rank - 149 out of 195 on the Winnipeg neighbourhood leaderboard. Waverley Heights is not the hottest address in the city right now. Bridgwater Forest and Fairfield Park are both commanding significantly higher prices nearby, which means buyers who stretch their budget may look there first. Your pricing strategy needs to reflect that reality.

For condo owners, the summer picture is more challenging. With only 1 sale this month and buyers consistently paying below list price, you need to price to sell - not to test the market. A condo sitting for weeks in summer sends the wrong signal fast.

Bottom line: houses have a window of opportunity right now. Condos require a sharper pencil. Either way, start by checking your HonestDoor Price at HonestDoor.com - because the number that matters is the one a real buyer would pay today, not what the city decided last year.

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.