Property score
61.0
Fair
Overall 61.0 · Smaller and older than most nearby homes
915 sqft (bottom 11%) · Built in 1979 (11 yrs older than avg)
Located in a above-average income area with median household income of ~83k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
11 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
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61.0 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: #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
3 Southwalk Bay — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 343 m), 2 parks (nearest 343 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 15% | Bottom 28% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3 Southwalk Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 3 Southwalk Bay is a compact, single-family property built in 1979. With 915 square feet of living space on a 4,342 sqft lot, its key characteristic is its more modest scale compared to many homes in the immediate area. The appeal lies in its position as a potentially more accessible entry point into the established River Park South neighborhood. Its assessed value of $361k is notably below the street and neighborhood averages, yet aligns closely with the Winnipeg citywide average, suggesting it offers relative value within a desirable context.
This property would suit first-time buyers or downsizers seeking lower maintenance and a manageable footprint without leaving a mature community. It also presents a practical opportunity for investors or handy buyers looking for a home with renovation potential, where the below-average size and value for the street could be leveraged for future equity growth. A thoughtful perspective is that while it ranks below its immediate peers in metrics like size, this can translate to lower utility costs and property taxes, offering a different kind of value for the right owner.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
According to available data, the home sold between $300k-$350k in February 2021. Its current assessed value of $361k is above that sale range but sits below the average for both Southwalk Bay and River Park South.
2. Is the living area significantly smaller than nearby homes?
Yes. At 915 sqft, the living area is below the average for the street (1,345 sqft), the neighborhood (1,410 sqft), and slightly below the citywide average. This confirms it is a more compact home in its immediate context.
3. What does the “around average” citywide ranking for value mean?
While the home’s value is below average for its specific street and neighborhood, it ranks near the middle (Top 50%) when compared to all similar homes across Winnipeg. This indicates you are paying a premium for the location within the city, but potentially getting a price advantage within that specific location.
4. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. To obtain fully verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Are the comparable homes listed truly similar?
The listed nearby and similarly-valued properties provide context, but direct comparisons should be made cautiously. For example, while some have similar assessed values, they often have significantly more living space, highlighting that 3 Southwalk Bay’s value is primarily in its land and location rather than its interior size.
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