Waverley Heights, Winnipeg - October 2026 Real Estate Report
Waverley Heights Real Estate Update: Solid Ground, But the Numbers Are Telling a Story
If you live in Waverley Heights and you haven't checked your home's value lately, now is the time. The market here is doing some interesting things - and your city tax assessment is almost certainly not keeping up with any of it.
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 right now.
Houses - A Sellers' Market With a Catch
Here's the headline for houses: buyers are paying above asking price. The average sale-to-list ratio hit 100.92%, meaning homes are going for more than what sellers are listing them at. The average sale price sits at $499,071, up 3.1% from last month. That's real money moving in the right direction for us as homeowners.
- Average HonestDoor Price: $447,360 (up 0.87%)
- Average sale price: $499,071 (up 3.1% month-over-month)
- Average list price: $699,900
- Price per square foot: $372
- Sale-to-list ratio: 100.92% - buyers are paying over asking
- Average days on market: 29
- Properties sold in 2026: 52 total transactions
- Rental yield: 5.74%
- Estimated monthly rent: $2,276
The catch? Our houses are sitting 29 days on average before selling. Nearby Montcalm is moving homes in 18 days. That gap matters. It doesn't mean the market is broken - it means pricing your home right from day one is more important than ever. Overprice it and you'll feel that extra 11 days in your bones.
On the neighbourhood leaderboard, Waverley Heights houses rank 139 out of 191 for growth rate in Winnipeg - that's below average. But flip to the price ranking and we sit at 87 out of 188, which puts us above average for home values across the city. We're not the fastest-growing pocket in Winnipeg right now, but we're not cheap either.
Condos - A Different Game Entirely
The condo side of Waverley Heights is a buyers' market, plain and simple. One condo sold recently at $220,900, which was actually below the list price of $219,900 - wait, sellers got 95.04% of list, meaning buyers had some negotiating room. Activity is thin with only 2 transactions recorded in 2026 so far.
- Average HonestDoor Price: $184,618 (down 1.74%)
- Average sale price: $220,900
- Price per square foot: $253
- Sale-to-list ratio: 95.04% - buyers are negotiating below asking
- Average days on market: 22
- Estimated monthly rent: $1,032
- Rental yield: 4.34%
Here's the bright spot for condo owners: on the neighbourhood leaderboard, Waverley Heights condos rank 17 out of 175 for growth rate in Winnipeg. That puts us in the top tier of the city for condo value momentum. The predicted market value of $187,887 is actually trending up against the 3-month average of $186,874. Small moves, but they're moving in the right direction.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Your city assessment is a snapshot taken in the past. It doesn't know that houses in Waverley Heights just sold at over asking price. It doesn't know that your neighbours' place moved at $499,071. It's working off old data and a formula that wasn't built to track month-to-month swings.
The HonestDoor Price is updated in real time using actual transaction data, current listing activity, and local market signals. For houses, that number is $447,360 right now. For condos, it's $184,618. These aren't guesses - they're calculated from what's actually happening on our streets today, not what happened two years ago when the city last looked.
If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number to start with. Your tax assessment is a bill. Your HonestDoor Price is a reality check.
The So What - Should You Sell This Summer?
If you own a house in Waverley Heights and you've been on the fence, the conditions are leaning your way. Buyers are paying over asking. Sale prices are up 3.1% in a single month. The rental yield of 5.74% means investors are watching this neighbourhood too, which keeps demand healthy.
The honest advice? Don't get greedy on the list price. That 29-day average tells us buyers are doing their homework. Homes priced sharp are winning. Homes priced with wishful thinking are sitting. The gap between our days-on-market and Montcalm's 18-day average is a signal worth respecting.
For condo owners, summer 2025 is more of a wait-and-watch situation. The growth ranking is genuinely strong - top 10% in the city - but transaction volume is low and buyers have leverage at the negotiating table right now. If you don't have to sell, holding while that growth momentum builds is a reasonable play.
Either way, start by knowing your real number. Check your HonestDoor Price before you call an agent, before you list, and definitely before you accept an offer. It takes 30 seconds and it's the most honest starting point you've got.
waverley heights | winnipeg | october 2026This 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.