Waverley Heights, Winnipeg - September 2026 Real Estate Report

Waverley Heights Real Estate: What Your Neighbours Aren't Telling You

If you've been watching the "For Sale" signs in Waverley Heights, here's what's actually happening. The market is holding steady for houses, condos are taking a breather, and your city tax assessment is almost certainly not telling you the full story. Let's get into it.

The Vibe: Houses vs. Condos

We're seeing two pretty different stories play out on the same streets right now.

Houses - Steady Hands

• Average sale price: $379,650 - essentially flat from last month
• Active listings are averaging $489,900
• Homes are selling at 95.77% of list price - buyers are getting a small discount, but sellers aren't giving the house away
• Average days on market: 35
• Price per square foot: $395
• Predicted market value: $452,503 - up from the 3-month average of $448,640
• Rental yield: 5.73% with an estimated rent of $2,316 per month

The house side of our neighbourhood is in a stable buyers' market - meaning buyers have a little leverage, but not a lot. Six sales last month, prices holding, and values actually trending upward in the short-term forecast. On the Winnipeg growth leaderboard, Waverley Heights houses rank 72 out of 191 neighbourhoods. That puts us in above-average territory. Not leading the pack, but solidly ahead of the middle.

Condos - Taking a Breather

• Average sale price: $220,900 - essentially unchanged
• Listings averaging $219,900 this month
• Properties selling at 95.04% of list price
• Average days on market: 22 - faster than houses
• Price per square foot: $253
• Predicted market value: $184,412 - dipping below the 3-month average of $187,131
• Rental yield: 4.34% with an estimated rent of $1,013 per month

Condos are a different picture. Values have slipped 2.08% recently, and the predicted value is trending down. On the Winnipeg growth leaderboard, our condos rank 142 out of 175 - that puts us in the bottom performers category for growth right now. The silver lining? They're selling faster than houses at 22 days on market, and our average sale price of $220,900 is actually sitting above Bridgwater Forest condos at $214,800.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your street last month. It doesn't adjust when the market shifts. The HonestDoor Price does.

Right now, the HonestDoor Price for houses in Waverley Heights sits at $443,488. For condos, it's $187,887 - up 1.88% from the previous period. These numbers are recalculated using real, current transaction data. That's your real-world check against a number the city set months or even years ago.

Think about it this way: if you're a house owner and your tax assessment is lagging behind a predicted market value of $452,503, you could be making financial decisions - refinancing, selling, insuring - based on a number that's already out of date. Check your HonestDoor Price now, not when you're already sitting across from a buyer.

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

If you own a house in Waverley Heights and you're thinking about listing this summer, the timing isn't bad. Here's the honest read:

• Buyers are active - 39 total property transactions recorded in 2026 so far
• Houses are ranking 33 out of 71 for days-on-market speed in Winnipeg - moderately fast
• Your neighbours in Bridgwater Forest are listing at much higher prices - their average HonestDoor Price is $755,741 for houses - so Waverley Heights is still an entry point for buyers priced out of those streets
• Listings are averaging $489,900 right now, well above the average sale price of $379,650 - price your home realistically and you'll move it faster

If you own a condo, be a little more patient with your expectations. Values are softening slightly, and you're competing in a segment that ranks below average for price in Winnipeg. That said, 22 days on market means buyers are still showing up - price it right and it will sell.

Bottom line: Waverley Heights is not a market in trouble. Houses are holding value and trending upward. Condos need a realistic price tag. And whatever you do, pull your HonestDoor Price before you make any moves - it's the number that actually reflects today, not 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.