65.4
Good
Property score
65.4
Good
Overall 65.4
Smaller and older than most nearby homes
1,088 sqft (bottom 29%)
Built in 1981 (9 yrs older than avg)
Located in a above-average income area
with median household income of ~86k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 parks, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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65.4 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: #46110495
$86K
Median household income
$98K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
31%
Single-person households
22%
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
7 Blackwater Bay — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 232 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 17% | Top 30% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Blackwater Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,088 sqft bungalow, built in 1981, presents a solid, no-surprises option in the established River Park South neighborhood. Its primary appeal lies in its strong value proposition and desirable location on a quiet bay. The home sits on a 4,200 sqft lot, which is modest for the area but typical for its street.
The data reveals a property that stands out on its own street. It has an above-average assessed value for Blackwater Bay, ranking in the top 7%, and is one of the newer homes on the block. However, when viewed in the wider neighborhood or city context, it aligns more closely with average benchmarks for size and value. This suggests you’re buying into a well-regarded, stable micro-location where this home is a competitive offering.
It would best suit practical, value-conscious buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize location and lot over sheer square footage. It’s for someone who sees the appeal of a mature neighborhood with larger, newer homes nearby, understanding that this property offers a more accessible entry point into that setting without the premium price tag of a larger, fully renovated home.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,088 sqft, the living area is slightly below the neighborhood average but is very close to the typical size found on Blackwater Bay itself. This indicates a cozy but standard layout for this specific street.
2. Is the assessed value of $419k reasonable for the area?
The assessment is above the street average, suggesting the property is viewed favorably relative to its immediate neighbors. It sits around the average for both the wider neighborhood and the city, indicating a fair, market-aligned valuation.
3. What does the year built tell us about the property?
Built in 1981, it is one of the newer homes on its street. While some homes in River Park South are newer, this age typically means construction methods and major systems (like wiring) may be more modern than those found in much older Winnipeg homes.
4. How does the lot size impact the property?
The 4,200 sqft lot is smaller than many in Winnipeg and the neighborhood. This means lower maintenance, but also less private outdoor space compared to some area homes. It is, however, consistent with the lot sizes found on this part of Blackwater Bay.
5. What can the past sale price tell me?
The home sold between $400k-$450k in late 2021. This past sale price range placed it in the top 17-30% for its area at that time, reflecting strong buyer interest and the property’s perceived value in its immediate locale.
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