115 Waterhouse Bay

Property Overview: 115 Waterhouse Bay, Winnipeg

Key Characteristics & Appeal

This home at 115 Waterhouse Bay in River West Park presents a compelling blend of space, established value, and a prime lot. Its key strength is its generous 2,234 sqft living area, which ranks in the top 6% city-wide and is significantly larger than most homes in Winnipeg, the neighborhood, and even on its own street. This is complemented by an above-average lot size of 7,759 sqft, offering substantial outdoor space that is a rarity within the city. With an assessed value of $583k, the property sits in the top tier of its immediate area, indicating a history of maintained or superior quality relative to its peers.

The appeal lies in acquiring a property that outperforms benchmarks at every level—street, neighborhood, and city—in terms of living space and lot size. It suits buyers looking for a spacious, established family home in a mature neighborhood, who value room to grow both inside and out over a newer build. A thoughtful perspective is that while the home was built in 1976 (making it slightly older than others on its street), its superior size and assessed value suggest it has been a well-regarded property in the area, potentially with updates or features that have sustained its premium standing. The last known sale was between $650k-$700k in mid-2021, placing it in the top 4% of city-wide sale prices at that time, which underscores its desirability.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
This home’s living area is 2,234 sqft, which is larger than 94% of comparable homes in Winnipeg, 86% in River West Park, and 78% of homes directly on Waterhouse Bay.

2. What does the assessed value tell me?
The $583k assessment is higher than 92% of homes on its street and 91% city-wide, signaling that official valuation consistently places it in the top tier of properties, which can be a marker of quality and stability.

3. The home was built in 1976. Is that a concern?
While it is slightly older than the average on its specific street, it is typical for the neighborhood and actually newer than the average Winnipeg home. This suggests an established, mature property where major systems may have been updated over time.

4. What was the last sold price?
Public records indicate it sold for between $650,000 and $700,000 in July 2021. For fully verified and exact historical sale figures, you can request a manual lookup by email.

5. How does the lot size compare?
The 7,759 sqft lot is larger than 88% of lots on Waterhouse Bay and 88% of lots across Winnipeg, offering significant outdoor space that is increasingly hard to find in the city.