Property Overview: 86 Waterhouse Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 86 Waterhouse Bay in River West Park is a standout property defined by its generous interior space. With 2,344 sqft of living area, it ranks in the top 4% of homes on its street and city-wide, offering significantly more room than typical Winnipeg homes. Built in 1980, it is newer than most in its desirable neighborhood. The assessed value of $562k sits above average at all geographic levels, reflecting its established desirability. It's important to note the lot size of 6,596 sqft is slightly below the street average, suggesting a focus on the home's footprint over expansive yard space.
The primary appeal lies in acquiring a spacious, well-positioned home in a mature neighborhood where the house itself is a premium feature. It suits buyers who prioritize interior square footage for a growing family, home office needs, or simply more room to live, over having a large garden. The significant price appreciation from its 2019 sale to its 2024 sale indicates strong market confidence in the location and property type. This home is ideal for a value-conscious buyer seeking space and neighborhood stability, who may be willing to trade some yard size for a larger, newer-than-average home in the area.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is above the city average, it is smaller than most lots on Waterhouse Bay. This typically means lower exterior maintenance and may indicate a design that maximizes the home's footprint. It’s a practical trade-off for the exceptional living space inside.
2. What does the "Elite" ranking for year built in the neighborhood mean?
Being built in 1980 makes this home newer than 96% of comparable properties in River West Park. For a buyer, this can suggest updated infrastructure (like wiring or plumbing) compared to much of the housing stock from the 1960s and 70s in the area.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value ($562k) is for municipal tax purposes. The home sold for between $700k-$750k in 2024, which is a typical market premium. The assessed value is best used for comparing relative worth against neighboring homes, not for predicting sale price.
4. How does this home compare to nearby properties?
The provided comparisons show nearby homes are generally older and have smaller living areas, with lower assessed values. This positions 86 Waterhouse Bay as a larger, newer, and higher-value option on its street and in the immediate vicinity.
5. Where can I get the exact historical sale prices?
The site provides sold price ranges publicly. Due to industry rules, exact sale figures are not displayed automatically but can be requested directly from the site via email for verified, precise transaction history.