Property score
75.2
Good
Overall 75.2 · Older than most nearby homes
1,359 sqft (top 48%) · Built in 1979 (11 yrs older than avg)
Located in a above-average income area with median household income of ~83k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 shop, 2 parks, and 1 bank/ATM nearby
Living Area
Near average
4% 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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75.2 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
50 Southwalk Bay — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 378 m), 1 shopping (nearest 463 m), 2 parks (nearest 441 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 20% | Bottom 32% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Southwalk Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, value, and potential. Its most standout feature is the land: at nearly 10,000 sqft, the lot size is exceptional, ranking in the top 2% on its street and top 4% in the River Park South neighborhood. This offers rare outdoor space for gardening, recreation, or future expansion in a mature area.
The 1,359 sqft living area is consistently average for its street, neighborhood, and city, indicating a comfortable, typical family layout. With an assessed value of $445k, it sits above average for its street and city, suggesting perceived quality or desirable attributes not fully captured by square footage alone. Built in 1979, it is older than most in its immediate area, which may appeal to buyers interested in the established character of older builds but should factor in potential maintenance or update considerations.
The appeal lies in this balance. It suits buyers seeking a generously sized lot in a stable neighborhood without a premium for an oversized house. It’s ideal for those who value private outdoor space over a brand-new build, and for owner-occupants or investors who see potential in the land itself. The above-average assessment relative to nearby sales history hints at solid underlying value.
Frequently Asked Questions
1. Is the lot size truly unusual for the area?
Yes. The property’s lot is approximately 82% larger than the street average and 80% larger than the neighborhood average, making it a significant outlier and a key asset.
2. The home was built in 1979. Should I be concerned about major systems?
Given its age, a thorough inspection of the roof, foundation, plumbing, electrical, and heating systems is essential. Its older vintage compared to neighbors means updates may have been made; verifying the age and condition of these major components is a crucial step.
3. The assessed value seems high compared to the last sold price in 2016. Why?
The assessed value is a municipal valuation for tax purposes and can reflect market trends, improvements, or re-assessments. It indicates the city’s view of its current worth relative to other properties, but the true market value is determined by current buyer demand.
4. What does "around average" living area mean for daily life?
It means the home’s interior size is typical for the community—neither cramped nor expansive. It should comfortably accommodate standard furniture layouts and family needs, similar to most homes you’ll see in the area, but won’t offer unusually large rooms.
5. How can I get the exact historical sale price?
The site provides estimated sale price ranges. Due to industry regulations, exact sale figures from the MLS are not published here. You can request the exact sold price history via email through the provided button for a manual lookup.
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