78.9
Good
Property score
78.9
Good
Overall 78.9
Compared with neighbourhood average
1,423 sqft (top 46%)
Built in 1984 (6 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 dining spot, 1 school, 1 park, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Near average
6 yrs older than neighborhood avg.
Mother tongue
English · 63%French · 9%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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78.9 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: #46110500
$94K
Median household income
$104K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
25%
Single-person households
29%
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
50 Knotsberry Bay — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 278 m), 1 education (nearest 280 m), 1 parks (nearest 356 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 32% | Top 36% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Knotsberry Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River Park South home presents a compelling blend of space, location, and established value. Built in 1984, its key strength lies in its generous 7,857 sqft lot, which is notably larger than most in the immediate area, offering ample outdoor potential. With 1,423 sqft of living space, the home provides roomy, functional accommodation that aligns with neighborhood and city averages.
The appeal is rooted in its above-average positioning within a mature and convenient community. The assessed value of $491k reflects a premium relative to many nearby homes, suggesting desirable attributes not fully captured by square footage alone, such as the premium lot size or possible upgrades. It suits buyers looking for a established neighborhood character with room to garden, entertain, or expand outdoors. It’s a practical choice for those who value a bit more land over a newer build, and for buyers who appreciate a home that holds a strong, above-average value position on its street and within the wider city.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a standout feature. At nearly 7,860 sqft, it is significantly larger than the street average (~5,350 sqft) and ranks in the top 4% on Knotsberry Bay for land area.
2. Is the asking price in line with recent sales?
The home last sold in late 2020 for an estimated $400k-$450k. The current assessed value is $491k, which is above average for the street. A buyer should investigate recent comparable sales and any updates to the property since 2020 to understand current market value.
3. What does the "above average" assessed value indicate?
It suggests the municipal assessment sees greater value here than in many comparable homes. This can be due to the large lot, property condition, or improvements. It’s important to note that assessed value is for tax purposes and is not a direct market appraisal.
4. Is the living space considered large for the area?
At 1,423 sqft, the living area is very close to the neighborhood average (1,410 sqft) and slightly above the city average. It offers standard family-sized accommodation for River Park South, not unusually large or small.
5. The home was built in 1984. What should I consider?
Homes of this age are common in the area. It falls within a typical era for the neighborhood, so potential renovations (like roof, windows, or mechanical systems) may follow a predictable lifecycle. A thorough inspection is advised to understand the condition and any modernization that may have been done.
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