Property Overview: 142 Southwalk Bay, River Park South, Winnipeg

This home presents a solid, established option in the River Park South neighborhood. Built in 1981, its key appeal lies in offering above-average interior space on a more manageable lot, creating a low-maintenance balance. The data suggests it's a property that performs consistently when compared to its immediate surroundings and the wider city.

Key Characteristics & Ideal Buyer

The 1,551 sqft living area is a standout feature, ranking above the Winnipeg average and offering more space than many city homes. This is contrasted by a land area of 4,189 sqft, which is smaller than most lots on its street and in the neighborhood. This combination points to a home that maximizes living space efficiently, likely appealing to those who prefer a smaller yard to maintain without sacrificing indoor room.

Its assessed value of $418k is consistently around the average benchmark at every comparison level—street, neighborhood, and city. This indicates a stable, predictable market position without extreme premiums or discounts. Notably, its 1981 build year is the oldest on its street, which may speak to enduring quality and established streetscapes, but buyers should be mindful of the potential for age-related updates.

This property would suit practical, value-conscious buyers—perhaps young families or professionals—who prioritize interior square footage and a stable investment in a mature neighborhood over a large garden or a brand-new build. It’s for someone who sees the smaller lot as a benefit for easier upkeep, not a drawback.

Frequently Asked Questions

1. How does the home’s value compare to recent sales?
It last sold between $300k-$350k in January 2023. Its current $418k assessment is above that sale price, but aligns with the average assessed value for similar homes on its street ($409.9k). For exact historical sale figures, a manual lookup can be requested.

2. Is the smaller lot size a concern?
The lot is smaller than most in River Park South. This means less outdoor maintenance and gardening, which is a plus for many. However, it may limit expansion possibilities or appeal less to those wanting extensive private outdoor space.

3. The home is the oldest on the street. Does that mean it’s outdated?
Being built in 1981 places it among the original homes in the area. This can indicate a well-built structure in a settled community, but a thorough inspection is recommended to understand the condition of major aging components like the roof, windows, and mechanical systems.

4. How does it rank for space compared to other Winnipeg homes?
Its living area is a strong point, placing in the top 28% city-wide. You are getting more interior space than roughly 72% of comparable homes across Winnipeg, which is a significant advantage.

5. Where can I see how this property fits into the neighborhood?
A detailed neighborhood analysis map is available, allowing you to visually compare this home to nearby properties based on year built, living area, assessed value, and lot size.