Property Overview
This 1,900 sqft home at 99 Waterhouse Bay in Winnipeg's River West Park neighborhood presents a solid, above-average offering for the city. Built in 1978, it sits on a generous 7,580 sqft lot. Its appeal lies in its balanced positioning: it offers more space and land than the typical Winnipeg home, yet is priced below the average for its own street. This creates an opportunity for value within a well-established area. The home last sold in March 2022 for an estimated $550k-$600k, with a current assessed value of $484k.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its strong citywide standing paired with local affordability. It ranks in the top 13% of Winnipeg for living area and land size, meaning you get significantly more room than most. However, on its own street in Waterhouse Bay, its assessed value is in the bottom 20%, suggesting it may be a more modest offering compared to its immediate neighbors or present a value entry point to the block.
Its appeal is for practical, value-conscious buyers seeking space without a premium price tag. It would suit a growing family looking for a larger lot in a mature neighborhood, or a buyer who prioritizes indoor and outdoor square footage over a fully renovated or high-spec home. A thoughtful perspective is that this property could be ideal for someone comfortable with a home that may require updates, allowing them to invest in personalization while building equity in a location where they own a better-than-average asset for the wider city.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($484k) is for municipal tax purposes. The home’s last known sale price (2022) was between $550k and $600k, which is a more relevant, though historical, indicator of its market value.
2. How does this home compare to others on the street?
It has a larger-than-average lot but a below-average assessed value for Waterhouse Bay. This indicates you’re getting a competitively sized property, but the home itself may be more modest or require more updates than others on the street.
3. What does the "Top X%" ranking mean?
It shows how this property compares to similar homes in different areas. For example, ranking in the "Top 13%" city-wide for living area means 87% of comparable Winnipeg homes are smaller. This highlights where the property’s strengths (space, land) are most pronounced.
4. Why is there only a sold price range and not an exact figure?
The site uses publicly available, non-MLS data and displays ranges for non-members. You can request the exact historical sale figures via email for verification.
5. The home is newer than most in River West Park but older than average on its street. What does this mean?
Built in 1978, it’s newer than many in the broader neighborhood, which is a plus. Being around the average age for its specific street suggests it fits the area’s established character without being an outlier, potentially simplifying comparisons for maintenance or renovation costs.