[2] Though traditionally a farming community, a recent oil boom has also brought economic activity to the area.

[1] One of the earliest signs of settlement in Waskada is the local post office, which was established in the area in 1883, and the rest of the town was built around.

[3] An aviation accident occurred in the area in the winter of 2013, when the pilot of a Cessna 210 single-engined aircraft crash-landed 5 km (3.1 mi) outside a private airstrip, in whiteout conditions.

It is located in the Canadian Prairies, an ecoregion characterized by its flat terrain and grasslands, as well as Palliser's Triangle.

[2] Waskada's infrastructure includes water and sewer facilities, as well as a volunteer-run fire hall, garbage service and recycling depot.

[10] Waskada has several facilities for sports, including a fitness centre, a community hockey/skating rink, a park and a golf course.

The museum started permanently after residents of the area put their items on display as part of festivities for the Canadian and Manitoban Centennials.