Property Overview: 119 Southwalk Bay, River Park South
Key Characteristics & Buyer Profile
This home at 119 Southwalk Bay is a practical, no-frills property that presents a clear value proposition. Its key characteristic is its compact size, with 936 sqft of living space and a 4,200 sqft lot, both of which are below average for the street, neighborhood, and city. This translates to lower utility costs and less maintenance, a genuine advantage for those seeking efficiency. The assessed value of $401k is firmly in the middle range, performing around average across most comparisons, suggesting a stable and fair market valuation.
The appeal lies in its position as one of the original homes on the block, built in 1981. This "elite" ranking on its own street indicates a well-established, mature setting. It suits first-time buyers or downsizers who prioritize a manageable footprint in a settled Winnipeg neighborhood like River Park South, without the premium price of a larger or newer home. It’s a straightforward property for someone who sees a smaller home not as a limitation, but as a sensible foundation to build equity or enjoy a simpler lifestyle.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. At 936 sqft, the living area is notably smaller than most comparable homes on Southwalk Bay (average 1,345 sqft) and in River Park South. This is the defining feature of the property.
2. How does its value compare to nearby homes that recently sold?
Based on available data, the home last sold for an estimated $350k–$400k in late 2020. Its current $401k assessment is consistent with the values of similar-sized homes on the street, though some larger neighboring properties are assessed higher.
3. What are the less obvious pros and cons of a home like this?
A thoughtful pro is the potential for lower ongoing property taxes, as the assessed value is modest for the area. A less obvious con is that its below-average lot size may limit expansion possibilities like adding a large deck or garage if desired.
4. The data says it's an "elite" year built on its street. What does that mean?
It was built in 1981, which is the same as the street's average. The "elite" ranking simply means it is among the original homes, not newer or older than the norm. It indicates a uniform, established streetscape.
5. Where can I get verified sale price history for this property?
The provided sold price is an estimate from public data. For fully verified transaction history and exact figures, you must request a manual lookup via email from the site, as MLS records are not displayed here.