Property score
65.3
Good
Overall 65.3 · Smaller and older than most nearby homes
1,090 sqft (bottom 30%) · Built in 1981 (9 yrs older than avg)
Located in a above-average income area with median household income of ~83k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 2 place of worships nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
65.3 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110494
$83K
Median household income
$97K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
30%
Single-person households
23%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
146 Southwalk Bay — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 308 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 45% | Top 44% | Top 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Bottom 34% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 146 Southwalk Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-sized option in the established River Park South neighborhood. Built in 1981, its 1,090 sqft living area and $411k assessed value are consistently "around average" when compared to its immediate street, the wider neighborhood, and the city of Winnipeg. This consistency suggests the property is a typical representation of its area, not an outlier, which can be reassuring for value stability.
The appeal lies in its predictability and established community. The lot, at 4,300 sqft, is smaller than many on its street, which may translate to less yard maintenance—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle. A notable point is that it is one of the original homes on Southwalk Bay, as indicated by its "elite" ranking for year built on the street. This can imply a well-understood neighborhood character and mature landscaping.
This property would best suit first-time buyers or downsizers looking for a manageable, no-surprises home in a mature suburban setting. It’s for buyers who prioritize location and community establishment over a large lot or a newly built home, and who appreciate a house that aligns closely with area norms for both size and value.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While below the street average, the 4,300 sqft lot requires less maintenance and landscaping work. It could be an advantage for those with limited time or who prefer a more compact outdoor space.
2. How does the 1981 build year affect the home?
As one of the first homes on the street, major systems and the structure itself are over 40 years old. Prospective buyers should budget for potential updates to roofing, windows, or mechanical systems, which is typical for homes of this age. A thorough inspection is advised.
3. The assessed value seems high compared to the city average. Why?
The city-wide average assessed value for comparable homes is lower ($390.1k), but this property is in River Park South, where neighborhood averages are higher. Its assessment aligns closely with the specific street average ($409.9k), reflecting its value within this particular, established community.
4. What does the sold price history tell us?
The home sold between $400k-$450k in late 2024, and previously between $300k-$350k in late 2020. This indicates significant appreciation over that four-year period, consistent with broader market trends. The final sale price was close to its current assessed value.
5. How does the living space compare to nearby homes?
At 1,090 sqft, it is smaller than many direct neighbors (e.g., 130 Southwalk Bay at 1,620 sqft). This makes it a more affordable entry point into the same street and may result in lower utility costs, but it also means less interior space than other options in the immediate area.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
