Property score
87.3
Excellent
Overall 87.3 · Larger and newer than most nearby homes
2,105 sqft (top 20%) · Built in 1982 (6 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: 1 school, 4 parks, and 1 place of worship nearby
Living Area
Above average
25% larger than neighborhood avg.
Year Built
Above average
6 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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87.3 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
2 Waterhouse Bay — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 440 m), 4 parks (nearest 176 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 | Bottom 44% | Top 24% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Waterhouse Bay, River West Park, Winnipeg
Key Characteristics & Appeal
This home at 2 Waterhouse Bay is a well-established property in the River West Park neighbourhood, offering above-average space and value within its context. Built in 1982, it is notably newer than most comparable homes on its street and in the immediate area, which may suggest updated building materials or systems. With 2,105 square feet of living area, it provides substantially more space than the average Winnipeg home and sits comfortably above the averages for both the neighbourhood and its own street.
The appeal lies in its balanced position. It’s not the largest or most expensive property on the block, but it consistently ranks in the top tiers for size, assessed value, and modern build when compared to its peers. This indicates a solid, desirable asset that holds its own without being an outlier. The lot size is generous by city standards, offering above-average outdoor space.
This property would suit buyers looking for a move-in-ready family home in a mature neighbourhood, who value space and a relatively newer construction date within an older community. It’s ideal for someone seeking a prudent investment—a home that outperforms key averages without being at the very top of the market, offering room for comfortable living and likely stable value retention.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $500,000–$550,000 in July 2024. Its assessed value is $556,000, indicating the sale was likely close to or slightly below its official valuation, which is common in a balanced market.
2. Is the home older or newer than others nearby?
Yes, it is notably newer. Built in 1982, it ranks in the top 1-2% for year built within its neighbourhood and street, where the average build year is the late 1970s. This is a distinct advantage for systems, layout, and potential renovation needs.
3. How does the lot size compare?
At 7,145 sqft, the lot is above average for Winnipeg but typical for the River West Park area. It offers ample yard space while being in line with the character of the community.
4. What does the "above average" ranking for assessed value mean?
It means this home is valued higher than most comparable homes in Winnipeg, its neighbourhood, and on its street. This typically reflects its larger size, newer build date, and desirable location, but it also means property taxes will be commensurate with this higher valuation.
5. Where can I get the exact historical sold price?
The provided data shows a price range. Due to industry regulations, exact sold prices are not published online here. You can request the precise figure via email from the site, which will provide a manual lookup of the public transaction record.
