86.8
Excellent
Property score
86.8
Excellent
Overall 86.8
Larger and newer than most nearby homes
2,081 sqft (top 21%)
Built in 2023 (2 yrs newer than avg)
Located in a high-income area
with median household income of ~103k
Transit 70.0
1-min walk to transit with 1 nearby route
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 40%Chinese · 21%
Past 10 years South Pointe West sales snapshot (~80% of all data)
707
580.2k
$342/sqft
2021
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86.8 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111257
$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
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
Local garbage, recycling, and yard waste pickup schedule for 165 Northwater Bay.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 40% | Top 18% | Top 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Top 37% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 165 Northwater Bay is a modern property in Winnipeg's South Pointe West neighbourhood, built in 2023. Its appeal lies in being a nearly new home that offers move-in readiness without the wait of a new build. The property sits on a generous 4,876 sqft lot, which is above average for its street, providing ample outdoor space in a newer community.
The home’s key characteristics include an attached garage, an unrenovated basement offering potential for future customization, and a living area of 2,081 sqft that ranks well within the wider city. The recent sale history shows steady market activity, and its current assessed value is in line with similar properties in the area.
This home would suit first-time buyers looking for a modern, low-maintenance property, or growing families seeking a established neighbourhood with newer infrastructure. It’s also a practical choice for buyers who want the benefits of a recent build but prefer the landscaping and community maturity that comes after the initial development phase.
Frequently Asked Questions
How does the lot size compare to others nearby?
At 4,876 sqft, the lot is larger than 61% of properties on the same street, offering more private outdoor space than many of its immediate neighbours.
Is the basement finished?
No, the basement is not renovated. This presents a clean slate for future expansion or customization to suit a buyer's needs, adding potential value.
How does the property’s age and size rank in Winnipeg?
The home, built in 2023, is newer than 99% of properties in Winnipeg. Its living area is also larger than 92% of homes in the city, making it a notably modern and spacious option within the broader market.
What does the sale history indicate?
The property sold in February 2023 and again in May 2023. This recent activity suggests strong market interest and provides clear, current data points for price comparison and valuation.
Are there many other new homes in the area?
Yes. The list of nearby and comparable properties shows several homes built between 2021 and 2024, indicating South Pointe West is a relatively new and developing community with modern housing stock.
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