Property score
87.6
Excellent
Overall 87.6 · Larger and newer than most nearby homes
2,234 sqft (top 14%) · Built in 1976
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
33% larger than neighborhood avg.
Year Built
Above average
0 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
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87.6 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
115 Waterhouse Bay — 7 amenities found within 500 m, across 3 categories, including 2 education (nearest 436 m), 4 parks (nearest 240 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 22% | Top 9% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 115 Waterhouse Bay, Winnipeg
Key Characteristics & Appeal
This home at 115 Waterhouse Bay in River West Park presents a compelling blend of space, established value, and a prime lot. Its key strength is its generous 2,234 sqft living area, which ranks in the top 6% city-wide and is significantly larger than most homes in Winnipeg, the neighborhood, and even on its own street. This is complemented by an above-average lot size of 7,759 sqft, offering substantial outdoor space that is a rarity within the city. With an assessed value of $583k, the property sits in the top tier of its immediate area, indicating a history of maintained or superior quality relative to its peers.
The appeal lies in acquiring a property that outperforms benchmarks at every level—street, neighborhood, and city—in terms of living space and lot size. It suits buyers looking for a spacious, established family home in a mature neighborhood, who value room to grow both inside and out over a newer build. A thoughtful perspective is that while the home was built in 1976 (making it slightly older than others on its street), its superior size and assessed value suggest it has been a well-regarded property in the area, potentially with updates or features that have sustained its premium standing. The last known sale was between $650k-$700k in mid-2021, placing it in the top 4% of city-wide sale prices at that time, which underscores its desirability.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
This home’s living area is 2,234 sqft, which is larger than 94% of comparable homes in Winnipeg, 86% in River West Park, and 78% of homes directly on Waterhouse Bay.
2. What does the assessed value tell me?
The $583k assessment is higher than 92% of homes on its street and 91% city-wide, signaling that official valuation consistently places it in the top tier of properties, which can be a marker of quality and stability.
3. The home was built in 1976. Is that a concern?
While it is slightly older than the average on its specific street, it is typical for the neighborhood and actually newer than the average Winnipeg home. This suggests an established, mature property where major systems may have been updated over time.
4. What was the last sold price?
Public records indicate it sold for between $650,000 and $700,000 in July 2021. For fully verified and exact historical sale figures, you can request a manual lookup by email.
5. How does the lot size compare?
The 7,759 sqft lot is larger than 88% of lots on Waterhouse Bay and 88% of lots across Winnipeg, offering significant outdoor space that is increasingly hard to find in the city.
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