Property score
78.6
Good
Overall 78.6 · Newer than most nearby homes
1,368 sqft (bottom 38%) · Built in 1978 (2 yrs newer than avg)
Located in a high-income area with median household income of ~168k
Transit 66.0 · 9-min walk to transit with 4 nearby routes · Within 500m: 1 school, and 5 parks nearby
Living Area
Below average
18% 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
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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
71 Waterhouse Bay — 6 amenities found within 500 m, across 2 categories, including 1 education (nearest 375 m), 5 parks (nearest 348 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 1% | Bottom 32% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Waterhouse Bay, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1978-built home in River West Park presents a balanced profile with distinct strengths. Its 1,368 sqft living space is modest for its immediate street but aligns with neighborhood and city averages, suggesting a comfortable, manageable layout. The standout feature is the land: at nearly 8,000 sqft, the lot size is well above average for both the street and the entire city, offering significant outdoor space and potential.
The home’s assessed value of $517k sits around the average for Waterhouse Bay but is notably above the Winnipeg average, reflecting the desirability of the area. A key, less obvious perspective is that this property represents a middle ground—it’s not the largest or most valuable on the block, but it holds a larger-than-typical lot in an established neighborhood where values are consistently strong citywide. Its appeal lies in this combination of a solid, average-sized home on a premium lot within a stable community.
This property would suit buyers looking for a established neighborhood character with room to garden, entertain, or potentially expand outdoors. It’s also a practical fit for those who want a home that is manageable in size but doesn’t compromise on yard space, offering a good balance between the house itself and the land it occupies.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While the living area is below the average for Waterhouse Bay street itself, it is very close to the average for the broader River West Park neighborhood and is actually slightly above the average for the entire city of Winnipeg.
2. Is the assessed value a good indicator of the property’s market position?
The $517k assessment is above the Winnipeg average, indicating strong citywide value. On its own street and in the neighborhood, it is around the average, suggesting it is priced consistently within its immediate market context.
3. What is the most notable feature of this property?
The land size is a significant asset. At 7,958 sqft, the lot is larger than most on the street and ranks in the top 11% compared to similar properties across Winnipeg, offering substantial outdoor space.
4. The home sold in late 2020. How can I find the exact sale price?
The public data shows a sold price range. To obtain the exact historical sale figure, you must request a manual lookup from the site provider via email, as they do not display MLS sold records directly.
5. What does the "year built" ranking tell us?
Built in 1978, this home is newer than most in the River West Park neighborhood (ranking in the top 7%) and is typical for its street and the city. This suggests it may have updates common to homes of that era, while being in a well-established area.
