Property Overview: 110 Southwalk Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home on Southwalk Bay presents a solid, above-average offering in Winnipeg’s River Park South neighborhood. Built in 1981, it stands out on its own street as one of the original homes, suggesting a mature streetscape and potentially fewer issues with construction from the neighborhood’s later expansion phases. With 1,591 sqft of living space, the home is notably larger than both the street and city averages, providing ample room for a growing family or those seeking extra space.
The property’s most distinctive advantage is its generous 6,751 sqft lot, which ranks in the top 9% on its street and top 15% in the neighborhood. This offers significant outdoor space for gardening, recreation, or future expansion—a premium feature in a suburban setting. The assessed value of $421k is consistent with the local street average, positioning it as a stable, mid-range investment without an inflated premium for its size and lot.
Its appeal lies in this balance: it’s a spacious, grounded family home on a large lot in a mature area, without the price tag of a newer build. It would suit practical buyers—like young families seeking room to grow, or value-oriented purchasers who prioritize land size and interior space over a modern year of construction. It’s a home for those who see potential in established communities and value tangible space over being on the cutting edge.
Section 2: Frequently Asked Questions
1. How does this home’s 1981 construction date impact its value?
While newer homes in the broader neighborhood average a 1990 build year, this home is the oldest on its specific street. This can mean more original components may need updating, but it also often correlates with larger lot sizes and a settled, mature streetscape. Its construction year is average city-wide.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($421k) is for municipal tax purposes and is a useful benchmark. Notably, it sits very close to the street average ($409.9k) but is below the neighborhood average ($447.2k). Recent sold prices on the street (last noted in 2020) fell in the $350k-$400k range. Market conditions and property condition will determine the final sale price.
3. What does the lot size ranking actually mean for me?
Ranking in the top 9% on the street for lot size means you are getting significantly more outdoor space than most of your immediate neighbors. This translates to more privacy, larger yard possibilities, and a valuable asset in the neighborhood.
4. The home is “above average” in size for the street but “around average” for the neighborhood. Is that a concern?
Not necessarily. It indicates the home is a strong, spacious offering on its specific block, which is often what matters most for daily living and resale. The neighborhood includes a wide variety of home sizes, and this property holds its own comfortably within that broader context.
5. How can I find out the exact historical sale prices?
The provided sold price data is an estimate from public records. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.