Property Summary: 42 Waterhouse Bay, River West Park, Winnipeg

Key Characteristics & Appeal

This 1976-built home in River West Park presents a compelling mix of space, value, and potential. Its primary appeal lies in its generous 9,802 sqft lot, which is the largest on Waterhouse Bay and places it in the top tier for land size both locally and citywide. This offers significant room for gardening, recreation, or future expansion. With 1,909 sqft of living area, the home provides above-average space for Winnipeg, comfortably exceeding the citywide norm. The assessed value of $552k reflects its above-average standing in the neighborhood and city, suggesting a solid foundation of perceived value.

The home suits buyers prioritizing outdoor space and the stability of an established neighborhood. It’s ideal for those who see value in a property where the land itself is a standout asset, possibly envisioning updates to the interior over time. It may also appeal to value-conscious buyers looking for more square footage and lot size than typical in this price range citywide, who are comfortable with a home from the 1970s. A thoughtful perspective is that while the home is older than most on its street, it sits on a premier lot in a mature area, offering a balance of established community character and rare outdoor potential.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
It sold between $600k-$650k in August 2023. This sale price placed it in the top 11% for the River West Park area and the top 5% citywide at that time, indicating a strong market performance above its assessed value.

2. Is the lot size a major advantage?
Yes. The lot is exceptionally large for the street (ranked #1 of 51) and well above averages for the neighborhood and city. This is the property's most distinguished feature, offering privacy and versatility that are hard to find in newer developments.

3. The home was built in 1976. Is that a concern?
It is older than most homes on its immediate street, which is worth noting for potential renovation needs or system updates. However, it is actually typical for the wider neighborhood and slightly newer than the Winnipeg average, placing it in a well-established period for homes in the area.

4. How accurate is the sold price data?
The provided sold price range is based on publicly available data, not the MLS. For fully verified, exact transaction figures, you must request a manual lookup from the site via email.

5. What are comparable homes in the area like?
Nearby properties on Waterhouse Bay and in River West Park are typically from the mid-to-late 1970s, with living areas ranging from approximately 1,250 to 2,250 sqft and assessed values generally between $450k and $560k. This home sits at the higher end of assessed value for the area, supported by its larger lot and living space.