47 Karschuk Bay

Waverley West B, Winnipeg

Property score

90.0

Excellent

Overall 90.0 · Larger than most nearby homes

2,654 sqft (top 6%) · Built in 2023 (4 yrs newer than avg)

Located in a high-income area with median household income of ~107k

Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 place of worship nearby

Living Area

Above average

33% larger than neighborhood avg.

Year Built

Near average

4 yrs newer than neighborhood avg.

Mother tongue

English · 38%Chinese · 16%

Past 10 years Waverley West B sales snapshot (~80% of all data)

Sold Count

87

Median price

518.9k

$/sqft

$339/sqft

Avg build year

2019

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Property score

90.0 is composed by the two sections below.

Property Score

94.5Excellent
Living Area98
2,654 sqftExcellent
Year Built100
2023Excellent
Lot Size74
5,833 sqftGood
Neighbourhood Sales Activity91
Excellent

Community Score

83.3Excellent
Household Income87
Excellent
Education Level91
Excellent
Housing Stress52
Fair
Core Housing Need88
Excellent
Employment Health76
Good

Neighbourhood Sales

Waverley West B

How to read: Share of sales in each ~$50k price band for “waverley west b” (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: #46111256

Community deep dive

$107K

Median household income

$127K

Average household income

15%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.7

P90 / P10 ratio

9%

Single-person households

47%

Families with children

Population, labour & age

Population (2021)7,336
Labour force participation rate72%
Median age29.6
Avg household size3.5
Unemployment rate8%
Population density1824 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households9%
Couple families with children47%
Median household income (2020)$107K

Housing

Renter households30%
Condominium dwellings25%
Median dwelling value (owners)$520K

Diversity, education & language

Immigrants (share of pop.)49%
Visible minority77%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 38%
Mother tongue (2nd)Chinese · 15%

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

Rankings

Living Area

Elite
2,654 sqft
0255075100
Same streetTop 19%Same areaTop 6%CitywideTop 2%
Same street · Karschuk Bay
#3 / 16
Top 19% · Avg 2,372 sqft
Same area · Waverley West B
#9 / 150
Top 6% · Avg 1,993 sqft
Citywide · Winnipeg
#3,950 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
835k
0255075100
Same streetTop 13%Same areaTop 7%CitywideTop 2%
Same street · Karschuk Bay
#2 / 16
Top 13% · Avg 738.4k
Same area · Waverley West B
#10 / 150
Top 7% · Avg 629.5k
Citywide · Winnipeg
#3,781 / 194,458
Top 2% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetTop 38%Same areaBottom 43%CitywideTop 1%

Lot Size

above average
5,833 sqft
0255075100
Same streetTop 38%Same areaTop 26%CitywideTop 36%

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

47 Karschuk Bay — 1 amenities found within 500 m, across 1 categories.

Search radius
Worship1

Crime & Safety

Waverley West B · WPS public data · 2026

Annual incidents

3

2026

vs. city avg

-90%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

67%

Sales History

Sold 8/2024CA$1.05M–1.1M
Sold price

Same street

Top 8%

Same area

Top 1%

City-wide

Top 1%
Sold 10/2023CA$0.95M–1M
Sold price

Same street

Top 33%

Same area

Top 6%

City-wide

Top 1%

Related homes

Highlights & common questions: 47 Karschuk Bay, Winnipeg

Property Overview

This property stands out for its generous scale and modern construction within a well-regarded Winnipeg neighborhood. Its primary appeal lies in offering substantial, contemporary living space that ranks highly not just locally, but across the entire city. Built in 2023, it presents a move-in-ready home with the benefits of new construction, including modern building standards and minimal immediate maintenance.

Key Characteristics & Target Buyer

The home’s most defining feature is its significant 2,654 sqft of living area. This places it in the top 6% of its immediate community (Waverley West B) and an impressive top 2% city-wide, indicating a level of spaciousness rare for Winnipeg. Complementing this is a high municipal assessment of $835,000, which also ranks in the top 2% city-wide, reflecting its perceived value and premium positioning.

Its appeal is multifaceted: buyers receive a modern home without the wait or hassle of building, coupled with interior space that offers long-term flexibility for growing families, home offices, or entertainment. The lot size of 5,833 sqft is consistent with newer subdivisions, providing a manageable yard with space for outdoor living.

This property is ideally suited for buyers who prioritize space, modern amenities, and a turnkey solution. It would particularly suit growing professional families seeking a substantial home in a newer community, or those relocating from larger markets who expect above-average square footage. It also appeals to value-conscious buyers who understand that its top-tier city-wide rankings in both size and assessed value suggest a strong, enduring asset in the broader market.


Frequently Asked Questions

1. How does the property tax assessment compare to likely market value?
The assessment of $835,000 is a strong indicator of municipal valuation for tax purposes. It ranks very high locally and city-wide, suggesting the home is viewed as a premium property. Market value can differ based on current conditions, but this assessment provides a credible baseline anchored in official data.

2. The lot seems smaller than the community average. Is that a concern?
The lot is slightly above average for its specific street but smaller than the broader community average, which includes many older homes on larger plots. This is typical for newer subdivisions. The trade-off is a much larger and newer house on a manageable lot, which often aligns with modern preferences for low-maintenance outdoor space.

3. What does the "top 2% city-wide" ranking for living space really mean?
This statistic is a powerful differentiator. It means that out of nearly 200,000 comparable properties in Winnipeg, only about 4,000 have more living space. It highlights the rarity of finding a home of this scale, especially one that is newly built, offering a unique combination of size and modern condition.

4. As a 2023 build, what can I expect regarding builder warranties?
Being a one-year-old home, it should still have significant coverage under the original builder’s warranty, including major structural elements. A key due diligence step would be to review the specific remaining warranty terms and transfer process.

5. The home ranks highly, but what about the neighborhood's overall character and amenities?
The rankings focus on the physical asset. Waverley West is a developing family-oriented area. Prospective buyers should research community plans, school catchments, transit access, and nearby retail to ensure the neighborhood's growth trajectory and amenities match their lifestyle needs.