Property score
65.3
Good
Overall 65.3 · Smaller and older than most nearby homes
1,000 sqft (bottom 21%) · Built in 1981 (9 yrs older than avg)
Located in a above-average income area with median household income of ~83k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Below average
9 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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65.3 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
87 Southwalk Bay — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 433 m), 2 parks (nearest 355 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 10% | Bottom 20% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 87 Southwalk Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 87 Southwalk Bay is a practical, entry-level property in Winnipeg's River Park South neighborhood. Built in 1981, its key characteristic is being a well-established home on a modest, efficiently sized lot. The living space of 1,000 sqft is compact compared to many neighbors, positioning it as a manageable footprint for the right buyer.
Its primary appeal lies in value and simplicity. With an assessed value of $390k that aligns closely with the Winnipeg average, it represents a more accessible point of entry into a stable neighborhood. A thoughtful perspective is that its smaller scale can mean lower utility costs, less maintenance, and a cozier, easier-to-manage living environment. It particularly suits first-time homebuyers, downsizers looking to reduce space and upkeep, or investors seeking a straightforward rental property. The 1981 build date is among the oldest on its street, which may appeal to those preferring the character and construction era of original neighborhood homes.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 1,000 sqft, the home is below the average for the street, neighborhood, and city. It is best suited for individuals, couples, or small families who prioritize efficient living over spaciousness.
2. How does its value compare?
The assessed value of $390k is slightly below the street average but aligns with the citywide average. This suggests it is priced appropriately for a home of its size in Winnipeg, potentially offering a cost-effective way to enter the neighborhood.
3. What does the 1981 build year mean?
It is one of the original homes on the street. While newer homes exist in the wider area, this age indicates well-established infrastructure and mature landscaping, but buyers should budget for updates common to homes of this era.
4. How does the lot size impact the property?
The 4,200 sqft lot is smaller than most comparable properties. This means less yard maintenance, which can be a benefit, but also offers less private outdoor space than others on the street.
5. What can past sale data tell me?
Public records show it last sold between $300k-$350k in August 2019. For the most accurate and complete transaction history, you must request a manual lookup from the site, as they do not publish verified MLS sold data.
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