Property Overview: 2 Waterhouse Bay, River West Park, Winnipeg
Key Characteristics & Appeal
This home at 2 Waterhouse Bay is a well-established property in the River West Park neighbourhood, offering above-average space and value within its context. Built in 1982, it is notably newer than most comparable homes on its street and in the immediate area, which may suggest updated building materials or systems. With 2,105 square feet of living area, it provides substantially more space than the average Winnipeg home and sits comfortably above the averages for both the neighbourhood and its own street.
The appeal lies in its balanced position. It’s not the largest or most expensive property on the block, but it consistently ranks in the top tiers for size, assessed value, and modern build when compared to its peers. This indicates a solid, desirable asset that holds its own without being an outlier. The lot size is generous by city standards, offering above-average outdoor space.
This property would suit buyers looking for a move-in-ready family home in a mature neighbourhood, who value space and a relatively newer construction date within an older community. It’s ideal for someone seeking a prudent investment—a home that outperforms key averages without being at the very top of the market, offering room for comfortable living and likely stable value retention.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $500,000–$550,000 in July 2024. Its assessed value is $556,000, indicating the sale was likely close to or slightly below its official valuation, which is common in a balanced market.
2. Is the home older or newer than others nearby?
Yes, it is notably newer. Built in 1982, it ranks in the top 1-2% for year built within its neighbourhood and street, where the average build year is the late 1970s. This is a distinct advantage for systems, layout, and potential renovation needs.
3. How does the lot size compare?
At 7,145 sqft, the lot is above average for Winnipeg but typical for the River West Park area. It offers ample yard space while being in line with the character of the community.
4. What does the "above average" ranking for assessed value mean?
It means this home is valued higher than most comparable homes in Winnipeg, its neighbourhood, and on its street. This typically reflects its larger size, newer build date, and desirable location, but it also means property taxes will be commensurate with this higher valuation.
5. Where can I get the exact historical sold price?
The provided data shows a price range. Due to industry regulations, exact sold prices are not published online here. You can request the precise figure via email from the site, which will provide a manual lookup of the public transaction record.