Property Overview: 122 Waterhouse Bay, River West Park, Winnipeg
Key Characteristics & Appeal
This home at 122 Waterhouse Bay presents a compelling mix of above-average living space and a premium assessed value within a well-established Winnipeg neighborhood. Built in 1980, it is a relatively newer home for the River West Park area, ranking in the top 4% of the neighborhood for its year of construction. The 2,099 sqft of living area is notably spacious, placing it above average for the neighborhood and city-wide. A key standout is its assessed value of $594k, which ranks as elite on its own street (top 4%) and well above average in broader comparisons, signaling a property perceived as high-quality within its market.
The appeal lies in acquiring a home that outperforms most peers in terms of modern build, interior space, and official valuation, all on a manageable 6,816 sqft lot. It suits buyers looking for a move-in-ready, spacious home in a mature area without needing a massive yard to maintain. The historical sale price (between $650k-$700k in 2021) suggests it has commanded a premium, making it a potential fit for buyers who value proven market strength and are less focused on finding a "fixer-upper" or the largest possible lot.
Frequently Asked Questions
1. How does the lot size compare?
While the living space and value are above average, the lot size of 6,816 sqft is slightly below the average for Waterhouse Bay street itself. However, it remains above the city-wide average, offering a balanced yard space that requires less upkeep than larger lots in the area.
2. What does the "Elite" assessed value ranking mean?
An assessed value ranking in the top 4% on its street means this home is officially valued significantly higher than most direct neighbors. This often reflects factors like superior construction, finishes, additions, or overall condition, but it also typically results in a higher property tax bill.
3. Are the sold price figures shown exact?
No. The displayed sold price range (CA$650k–700k for August 2021) is an estimate from public data. To obtain the exact historical sale price and full transaction history, you must request it directly from the site via email, as they do not display MLS records.
4. How does this home compare to nearby properties?
The provided comparisons show nearby homes are typically older (late 1970s) and have lower assessed values and often less living area. This highlights 122 Waterhouse Bay's position as a newer, more valuable property on its street and in the immediate vicinity.
5. Is the year built a significant advantage?
In River West Park, where many homes were built in the mid-to-late 1970s, a 1980 build date is a relative advantage. It may indicate updates in building codes, materials, and layout trends of the early 80s, potentially reducing the immediacy of major system replacements compared to older neighbors.