85.5
Excellent
Property score
85.5
Excellent
Overall 85.5
Larger than most nearby homes
1,645 sqft (top 29%)
Built in 1986 (4 yrs older than avg)
Located in a high-income area
with median household income of ~131k
Transit 74.0
2-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
Above average
17% larger than neighborhood avg.
Year Built
Near average
4 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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85.5 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
47 Furness Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 222 m), 1 parks (nearest 289 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 25% | Top 19% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 47 Furness Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a compelling blend of space, land, and established value. Built in 1986, it is notably one of the newer homes on its street. With 1,645 sqft of living area, it offers above-average space for its immediate neighborhood and city-wide. A key standout feature is the 6,532 sqft lot, which is significantly larger than most in the area, providing ample outdoor space and potential.
The appeal lies in its strong, balanced positioning. It’s not an outlier in any single category but consistently performs above average across multiple metrics—space, lot size, and age—against local and city benchmarks. Its assessed value of $463k aligns with the neighborhood average, suggesting a stable, market-appropriate valuation. This property would suit buyers looking for a move-in-ready home in a mature neighborhood who prioritize a larger yard over a brand-new build. It’s ideal for those seeking a pragmatic choice: a home with room to grow that doesn’t carry a premium for being the newest on the block, but still benefits from being relatively modern within its immediate streetscape.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,645 sqft, the living area is above average for Furness Bay street, the River Park South neighborhood, and Winnipeg overall.
2. Is the lot size unusual for this area?
Yes. The lot of 6,532 sqft is well above the street and neighborhood averages, ranking 2nd largest out of 25 on the street. This is a distinct advantage for privacy, gardening, or outdoor activities.
3. What does the assessed value tell me?
The $463k assessment is around the neighborhood average. This indicates the property is valued consistently with the area and isn’t artificially inflated or deflated compared to similar homes.
4. The home sold in 2023. Can I get the exact sale price?
The provided data shows a sold price range of CA$450k–500k. Due to data source rules, exact sale figures require a manual lookup. You can request this information via email from the site.
5. The home was built in 1986. Is that old for the area?
On its specific street, 1986 is actually the newest construction year, ranking #1 out of 25 homes. Within the wider neighborhood and city, it remains above average in age, meaning it’s a relatively newer home in an established area.
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