Property Overview
This home at 114 Waterhouse Bay in Winnipeg's River West Park neighborhood presents a compelling mix of space, value, and location. Built in 1980, it stands out for its generous living area and above-average assessed value within its context.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its spaciousness and established value. With 2,090 sqft of living area, it offers significantly more space than the average Winnipeg home, ranking in the top 9% city-wide. This is complemented by an assessed value of $585k, which is well above averages for the city and neighborhood, suggesting a premium, well-regarded property. The home is newer than most in the desirable River West Park area, ranking in the elite top 4% locally for its year built.
However, the perspective shifts when considering the lot. The land area of 6,595 sqft is below average for its specific street, meaning the home likely occupies a larger portion of the lot compared to neighbors. This creates a different dynamic: you're buying into the space and quality of the structure itself rather than an expansive yard.
This profile would suit buyers looking for a move-in-ready, spacious home in a mature neighborhood, who prioritize interior square footage over vast outdoor space. It’s ideal for someone seeking a property with strong, data-backed value relative to the broader market, and who appreciates a home that stands out on its street for its size and assessed worth.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
It is exceptionally spacious for Winnipeg overall (top 9%), above average for River West Park, and about average for its own street. This indicates a street of consistently larger homes, a sign of a stable, established area.
2. The assessed value seems high. What does that indicate?
An assessed value ($585k) that ranks higher than the living area rank suggests the municipality places a premium on factors beyond pure size. This could be due to the home’s condition, improvements, specific location on the street, or the desirability of the River West Park neighborhood.
3. What is the trade-off with the land size?
While the lot is above average city-wide, it is below average for Waterhouse Bay. This often means a larger home footprint or a more urban lot layout. Buyers should consider if the generous indoor space compensates for having potentially less private outdoor space than some neighbors.
4. What can the recent sale history tell us?
The home sold in 2019 and again in 2020, with the price increasing from the $400k-$450k range to the $500k-$550k range in one year. This indicates strong past appreciation. Understanding the exact reasons for the quick resale would require deeper investigation.
5. How can I verify the exact past sale prices?
The site does not display MLS data. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email from the provided service, which they promise to provide without using your information for marketing.