75.0
Good
Property score
75.0
Good
Overall 75.0
Compared with neighbourhood average
1,101 sqft (bottom 32%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~131k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 67%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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75.0 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: #46110501
$131K
Median household income
$142K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
49%
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
3 Furness Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 230 m), 1 parks (nearest 390 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 | Bottom 12% | Bottom 30% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3 Furness Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical opportunity in a mature neighbourhood. With 1,101 sqft of living space on a 5,045 sqft lot, its size is comfortably average for both the area and the city. The home’s assessed value of $388K sits below the average for its specific street, suggesting it may offer relative value within a well-established pocket of the community.
The primary appeal lies in its positioning as a solid, no-surprises entry point into a stable neighbourhood. It suits first-time buyers or downsizers seeking a manageable property without the premium often attached to newer or larger homes on the same street. A thoughtful perspective is that while the home ranks below street averages in size and value, it aligns closely with broader city norms. This indicates you’re acquiring a functionally typical Winnipeg home, but on a street where many properties are notably larger or more valuable, which can be a positive for long-term neighbourhood character and stability. The lot size, while slightly smaller than others on Furness Bay, still provides ample suburban outdoor space.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to likely market price?
The assessed value of $388K is for municipal tax purposes. Notably, it is below the street average of ~$439K. Market price is determined by current conditions, but this gap suggests there may be room for value appreciation to align more closely with its immediate surroundings, depending on the home's condition and updates.
2. Is the living space significantly smaller than neighbouring homes?
At 1,101 sqft, it is below the street average (1,425 sqft) but near the neighbourhood (1,410 sqft) and city (1,342 sqft) averages. It offers a manageable layout, likely appealing to those seeking efficient living without excessive maintenance.
3. What is the context of the last sold price?
Records show it sold between $300K-$350K in August 2021. This historical price is provided as a data point; it reflects the market at that time and should not be used in isolation to determine current value.
4. How does the year built affect this home?
Built in 1985, it is typical for River Park South. This era of home may have original components that could benefit from updates, but it also avoids some of the maintenance unknowns of much older properties. It’s newer than the city-wide average for comparable homes.
5. Where can I get verified sale history and exact figures?
The site notes that full transaction histories and exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide those verified figures upon request.
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