Property Overview: 14 Southwalk Bay, River Park South, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This 1,200 sqft bungalow, built in 1981, presents a solid, middle-of-the-road offering in the established River Park South neighborhood. Its primary appeal lies in its balance and consistency rather than standing out in any single category. The home sits on a slightly above-average lot for the area (5,873 sqft), offering good outdoor space. Its assessed value of $388k is modest relative to the immediate street and neighborhood, potentially indicating room for value appreciation or a manageable entry point.

A thoughtful perspective is that this home is one of the original builds on its street (ranking #1 for year built on Southwalk Bay), suggesting a well-established streetscape with mature landscaping. While the living space is average, the lot size offers a tangible advantage for gardening, play, or expansion compared to many nearby properties. It recently sold for an estimated $400k-$450k, placing it in the top third of local sales, which reflects steady demand for homes in this condition and location.

This property would best suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a stable neighborhood, a decent-sized yard, and a home that doesn’t require immediate major updates. It’s for someone content with an average-sized interior who sees potential in the land and the established community.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The sold price range of $400k-$450k (Sept 2024) places it in the top 25% of sales for Southwalk Bay, suggesting it was viewed favorably compared to its direct neighbors, despite its assessed value being below the street average.

2. Is the 1981 build year a concern?
While older than many homes in the wider River Park South area, it is actually the original build year for the street. This typically means major systems (roof, furnace) are likely at or past their typical lifespan, so a thorough inspection is advised to budget for potential updates.

3. How does the lot size benefit a buyer?
At 5,873 sqft, the lot is larger than about 75% of lots in River Park South. This provides more private outdoor space than is common, which is a key advantage for families or anyone valuing a generous yard.

4. The living area is described as "around average." What does that mean for daily life?
With 1,200 sqft, the home offers space comparable to the typical Winnipeg bungalow. It’s sufficient for a small to medium-sized family but may feel compact for those needing multiple dedicated work or hobby rooms. The floor plan efficiency will be crucial.

5. Where can I get the exact sold price and history?
The site does not display MLS data. You must request the exact sold figures via email from the provider, who will manually look up and send the verified transaction history, typically by the end of the same business day.