150 Southwalk Bay

Property Overview: 150 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, its 1,591 sqft living space is notably spacious for its street and exceeds the citywide average, providing ample room for a growing family or those seeking extra space for a home office or hobbies. With an assessed value of $410k, it sits comfortably in the middle range for the area, suggesting a manageable entry point into a mature community.

The appeal lies in its balance and established context. It's a home that doesn't stand out for being the newest or largest in the broader neighborhood, but it holds a position of strength on its own street—particularly with its living area. For buyers, this indicates a property that likely offers good value within a specific, consistent streetscape of similar-era homes. It would suit practical buyers looking for a move-in-ready, no-surprises home in a settled area, or those who appreciate a neighborhood where homes are of a similar vintage and scale. A thoughtful perspective is that its "elite" ranking for year built on its street suggests it may be among the best-maintained or updated homes in that immediate row, as it's the benchmark others are compared to.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,591 sqft, the living area is larger than the average home on Southwalk Bay and across Winnipeg. Within the wider River Park South neighborhood, however, it is close to the average.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $410k is a municipal valuation for tax purposes. It is a useful benchmark, showing the home is priced around the average for its street. The last known sold price (2021) was in the $400k-$450k range. For a precise current market value, a comparative market analysis with a real estate professional is recommended.

3. The home was built in 1981. What should I consider?
This is a mature home. Its "elite" ranking for year built on its street means it is the newest or among the newest on the block, which can be positive. However, a professional inspection is crucial to assess the condition of major systems (roof, HVAC, plumbing) which may be nearing or past their typical lifespan.

4. How does the lot size of 5,000 sqft compare?
The lot is slightly smaller than the average for Southwalk Bay and River Park South, but is very typical for Winnipeg overall. It provides standard suburban yard space without being overly large to maintain.

5. Where can I find verified past sale prices for this property?
The site provides sold price ranges based on public data. To obtain exact, verified historical sale figures, you must request a manual lookup via email, as MLS transaction records are not displayed directly on the site due to industry regulations.