101 Northwater Bay

South Pointe West, Winnipeg

Property score

86.8

Excellent

Overall 86.8 · Larger and newer than most nearby homes

2,067 sqft (top 23%) · Built in 2022 (1 yr newer than avg)

Located in a high-income area with median household income of ~103k

Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 park nearby

Living Area

Above average

16% larger than neighborhood avg.

Year Built

Above average

1 yrs newer than neighborhood avg.

Mother tongue

English · 40%Chinese · 21%

Past 10 years South Pointe West sales snapshot (~80% of all data)

Sold Count

707

Median price

580.2k

$/sqft

$342/sqft

Avg build year

2021

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Property score

86.8 is composed by the two sections below.

Property Score

89.6Excellent
Living Area94
2,067 sqftExcellent
Year Built100
2022Excellent
Lot Size60
4,676 sqftFair
Neighbourhood Sales Activity83
Excellent

Community Score

82.5Excellent
Household Income86
Excellent
Education Level91
Excellent
Housing Stress42
Low
Core Housing Need88
Excellent
Employment Health83
Excellent

Neighbourhood Sales

South Pointe West

How to read: Share of sales in each ~$50k price band for “south pointe west” (Detached houses (non-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: #46111257

Community deep dive

$103K

Median household income

$120K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

13%

Single-person households

44%

Families with children

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

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

Rankings

Living Area

above average
2,067 sqft
0255075100
Same streetTop 47%Same areaTop 23%CitywideTop 9%
Same street · Northwater Bay
#31 / 66
Top 47% · Avg 1,988 sqft
Same area · South Pointe West
#296 / 1,290
Top 23% · Avg 1,784 sqft
Citywide · Winnipeg
#18,042 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
579k
0255075100
Same streetTop 50%Same areaTop 18%CitywideTop 10%
Same street · Northwater Bay
#33 / 66
Top 50% · Avg 590.2k
Same area · South Pointe West
#226 / 1,290
Top 18% · Avg 514.4k
Citywide · Winnipeg
#18,675 / 194,458
Top 10% · Avg 390.1k

Year Built

Elite
2022
0255075100
Same streetTop 21%Same areaTop 29%CitywideTop 1%

Lot Size

around average
4,676 sqft
0255075100
Same streetBottom 35%Same areaBottom 44%CitywideBottom 37%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

101 Northwater Bay — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 490 m).

Search radius
🌳Parks1

Sales History

101 Northwater Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 101 Northwater Bay, Winnipeg

Property Summary

Key Characteristics & Buyer Profile

This is a 2022-built home in Winnipeg’s South Pointe West area, with 2,067 square feet of living space on a 4,676-square-foot lot. The assessed value sits at $579,000. Compared to citywide figures, the home ranks in the top 9% for living area and top 10% for assessed value—meaning it’s significantly larger and more valuable than most Winnipeg homes. However, within its own neighbourhood, it’s more middle-of-the-pack: its lot size ranks in the bottom third locally, and its value sits near the median on its street. The year built is elite for the city (top 1%), which gives it a modern build quality most older homes can’t match.

The appeal here is less about raw prestige and more about practical trade-offs. You get a spacious, newer house in a well-established suburb, but the lot is tighter than what some buyers might expect for the price. That suits someone who prioritizes interior space, contemporary finishes, and lower maintenance over a large yard. It would also work well for buyers who want to avoid older-home surprises (foundation issues, outdated wiring, etc.) without paying a premium for a top-of-the-line lot. Because the home ranks higher citywide than it does locally, it’s a strong option for someone moving from a denser area who wants more square footage without jumping into the priciest tier of South Pointe West.


Five Possible FAQs

1. How does this home’s lot size compare to others nearby?
It’s slightly smaller than average. On this street, the lot is in the bottom 35% for size. In the broader South Pointe West area, it’s in the bottom 44%. That’s not unusual for a 2022 build—newer infill homes often sit on smaller lots. If you want a big yard, this isn’t it. If you prefer less yard work, it’s a benefit.

2. Is the assessed value of $579,000 close to the market price?
Assessed value and market price aren’t the same thing, but they tend to correlate. On this street, the average assessed value is $590,200, so this home is slightly below that. Citywide, the average assessed value is $390,100—so this home is well above. Always check recent comparable sales for a true market picture.

3. How does the living space feel for a family of four?
At just over 2,000 square feet, it’s roomier than most Winnipeg homes (top 9% citywide). That typically translates to three or four bedrooms, two or three bathrooms, and a decent-sized main living area. Unusually large families might find it snug, but for a typical household, it’s comfortable.

4. Are there any downsides to a newer home in an established area?
One thing to keep in mind: newer homes can have smaller yards and less mature landscaping. Also, the surrounding neighbourhood may have older homes with different architectural styles. If you like a uniform, master-planned look, this area might be mixed. The upside is better insulation, modern windows, and fewer immediate repair needs.

5. What should I look for during a showing?
Focus on the lot’s orientation and privacy. Since it’s smaller, check how close the neighbours are and whether the windows face directly into another home. Also, ask about the builder and any transferable warranties—2022 is recent enough that some coverage may still apply. And walk the basement: if it’s unfinished, note the ceiling height and potential for future development.