114 Waterhouse Bay

River West Park, Winnipeg

Property score

86.3

Excellent

Overall 86.3 · Larger and newer than most nearby homes

2,090 sqft (top 22%) · Built in 1980 (4 yrs newer than avg)

Located in a high-income area with median household income of ~168k

Transit 66.0 · 12-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 4 parks, and 1 place of worship nearby

Living Area

Above average

25% larger than neighborhood avg.

Taon ng Paggawa

Above average

4 yrs newer than neighborhood avg.

Mother tongue

English · 92%French · 1%

Past 10 years River West Park sales snapshot (~80% of all data)

Sold Count

162

Median price

489.9k

$/sqft

$333/sqft

Avg build year

1976

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Property score

86.3 is composed by the two sections below.

Property Score

84.9Excellent
Living Area94
2,090 sqftExcellent
Taon ng Paggawa67
1980Good
Lupa85
6,595 sqftExcellent
Neighbourhood Sales Activity48
Low

Community Score

88.4Excellent
Household Income95
Excellent
Education Level82
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health52
Fair

Istatistika ng benta ng komunidad

River West Park

How to read: Share of sales in each ~$50k price band for “river west park” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111089

Community deep dive

$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

Population, labour & age

Population (2021)548
Labour force participation rate59%
Median age45.6
Avg household size2.9
Unemployment rate14%
Population density1957 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households7%
Couple families with children47%
Median household income (2020)$168K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$588K

Diversity, education & language

Immigrants (share of pop.)5%
Visible minority5%
Bachelor's or higher (25–64)45%
Mother tongue (1st)English · 91%
Mother tongue (2nd)French · 0%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

lampas sa average
2,090 sqft
0255075100
Same streetTop 39%Same areaTop 22%CitywideTop 9%
Same street · Waterhouse Bay
#20 / 51
Top 39% · Avg 1,916 sqft
Same area · River West Park
#99 / 451
Top 22% · Avg 1,678 sqft
Citywide · Winnipeg
#16,995 / 194,458
Top 9% · Avg 1,342 sqft

Assessed Value

lampas sa average
585k
0255075100
Same streetTop 6%Same areaTop 12%CitywideTop 9%
Same street · Waterhouse Bay
#3 / 51
Top 6% · Avg 525.9k
Same area · River West Park
#53 / 451
Top 12% · Avg 485.6k
Citywide · Winnipeg
#17,658 / 194,458
Top 9% · Avg 390.1k

Taon ng Paggawa

Elite
1980
0255075100
Same streetTop 22%Same areaTop 4%CitywideTop 34%

Lupa

lampas sa average
6,595 sqft
0255075100
Same streetBottom 6%Same areaBottom 37%CitywideTop 21%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

114 Waterhouse Bay — 7 amenities found within 500 m, across 3 categories, including 2 education (nearest 450 m), 4 parks (nearest 227 m).

Search radius
🏫Education2
🌳Parks4
Worship1

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 5/2020CA$500k–550k
Presyo ng benta

Parehong kalye

Bottom 33%

Parehong lugar

Top 30%

Buong lungsod

Top 14%
Naibenta 5/2019CA$400k–450k
Presyo ng benta

Parehong kalye

Bottom 11%

Parehong lugar

Bottom 43%

Buong lungsod

Top 28%

Related homes

Mga tampok at karaniwang tanong: 114 Waterhouse Bay, Winnipeg

Property Overview

This home at 114 Waterhouse Bay in Winnipeg's River West Park neighborhood presents a compelling mix of space, value, and location. Built in 1980, it stands out for its generous living area and above-average assessed value within its context.

Key Characteristics, Appeal & Ideal Buyer

The primary appeal of this property lies in its spaciousness and established value. With 2,090 sqft of living area, it offers significantly more space than the average Winnipeg home, ranking in the top 9% city-wide. This is complemented by an assessed value of $585k, which is well above averages for the city and neighborhood, suggesting a premium, well-regarded property. The home is newer than most in the desirable River West Park area, ranking in the elite top 4% locally for its year built.

However, the perspective shifts when considering the lot. The land area of 6,595 sqft is below average for its specific street, meaning the home likely occupies a larger portion of the lot compared to neighbors. This creates a different dynamic: you're buying into the space and quality of the structure itself rather than an expansive yard.

This profile would suit buyers looking for a move-in-ready, spacious home in a mature neighborhood, who prioritize interior square footage over vast outdoor space. It’s ideal for someone seeking a property with strong, data-backed value relative to the broader market, and who appreciates a home that stands out on its street for its size and assessed worth.


Frequently Asked Questions

1. How does this home’s size truly compare to others?
It is exceptionally spacious for Winnipeg overall (top 9%), above average for River West Park, and about average for its own street. This indicates a street of consistently larger homes, a sign of a stable, established area.

2. The assessed value seems high. What does that indicate?
An assessed value ($585k) that ranks higher than the living area rank suggests the municipality places a premium on factors beyond pure size. This could be due to the home’s condition, improvements, specific location on the street, or the desirability of the River West Park neighborhood.

3. What is the trade-off with the land size?
While the lot is above average city-wide, it is below average for Waterhouse Bay. This often means a larger home footprint or a more urban lot layout. Buyers should consider if the generous indoor space compensates for having potentially less private outdoor space than some neighbors.

4. What can the recent sale history tell us?
The home sold in 2019 and again in 2020, with the price increasing from the $400k-$450k range to the $500k-$550k range in one year. This indicates strong past appreciation. Understanding the exact reasons for the quick resale would require deeper investigation.

5. How can I verify the exact past sale prices?
The site does not display MLS data. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email from the provided service, which they promise to provide without using your information for marketing.