Property score
78.6
Good
Overall 78.6 · Newer than most nearby homes
1,324 sqft (bottom 31%) · Built in 1978 (2 yrs newer than avg)
Located in a high-income area with median household income of ~168k
Transit 66.0 · 11-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 5 parks, and 1 place of worship nearby
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 92%French · 1%
Past 10 years River West Park sales snapshot (~80% of all data)
162
489.9k
$333/sqft
1976
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
78.6 is composed by the two sections below.
Property Score
Community Score
River West Park
How to read: Share of sales in each ~$50k price band for “river west park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111089
$168K
Median household income
$190K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
7%
Single-person households
47%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
103 Waterhouse Bay — 8 amenities found within 500 m, across 3 categories, including 2 education (nearest 469 m), 5 parks (nearest 300 m).
River West Park · WPS public data · 2025
Annual incidents
25
2025
vs. city avg
-15%
relative to avg
Year-over-year
▲ +4%
vs. prior year
Primary type
Property
68%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 23% | Top 12% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Top 50% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 103 Waterhouse Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 103 Waterhouse Bay in River West Park presents a solid, mid-century property built in 1978. With 1,324 sqft of living space, it is notably more compact than most homes on its own street but sits close to the average size for Winnipeg overall. Its true standout feature is the generous 7,596 sqft lot, which is well above the citywide average, offering significant outdoor space potential in a mature neighborhood.
The appeal here is one of balance and value within a well-established area. The assessed value of $507k is above the Winnipeg average, reflecting the desirability of the location, yet it remains competitive within its immediate neighborhood. The property’s history shows steady appreciation, with a sale in the $500k-$550k range in 2023, up from $400k-$450k in 2020.
This home would best suit practical buyers who prioritize land size and location over sheer interior square footage. It’s ideal for those looking to enter a stable neighborhood without a premium price tag, or for owners who see value in a larger lot for gardening, expansion, or future development. It may also appeal to value-conscious buyers who are comfortable with a home that is functional and well-situated but may require updates to match newer finishes.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,324 sqft, the home is smaller than most on Waterhouse Bay, where the average is 1,916 sqft. However, it is much closer to the neighborhood and citywide averages, making it a typically sized home for Winnipeg, just on a street with larger-than-average houses.
2. What does the assessed value tell us about this property?
The $507k assessment is above the Winnipeg average, indicating a strong citywide value. On its street and in River West Park, it sits around the average, suggesting it is priced appropriately for this specific location without an unusual premium or discount.
3. Is the lot size a significant feature?
Yes. The 7,596 sqft lot is a key asset, ranking in the top 13% citywide. This is considerably larger than the Winnipeg average of 6,570 sqft, offering more private outdoor space than many properties, which is a valuable and less replaceable feature than interior space.
4. What can past sale prices tell us?
The property sold for between $400k-$450k in 2020 and $500k-$550k in 2023. This indicates strong appreciation over a three-year period, reflecting broader market trends and the sustained demand for homes in this neighborhood.
5. How current is the home given its 1978 build date?
Built in 1978, the home is newer than most in Winnipeg but is typical for its street. For the broader River West Park neighborhood, it ranks in the top 7% by year built, meaning it is actually one of the newer homes in the area, which may suggest more modern construction standards than older neighbors.
