Property Overview: 34 Blackwater Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,090 sqft bungalow, built in 1981, presents a solid, no-surprises offering in the established River Park South neighborhood. Its primary appeal lies in its relative affordability and stability within its immediate context. With an assessed value of $369k, it sits below the neighborhood average, potentially offering an entry point into the area. The home is notably well-situated on its street, ranking as one of the newest constructions on Blackwater Bay. While the lot size (4,100 sqft) is modest compared to broader area averages, it aligns with the lower-maintenance appeal of the property.
This home would suit first-time buyers or downsizers seeking a manageable, single-level living space in a mature community without a premium price tag. It’s a practical choice for those who value neighborhood character over a large yard or brand-new build, and who see potential in a property that is competitively priced within its own street but stands below the rising averages of the wider neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold between $400k-$450k in September 2023. This placed it in the top 30-40% of sold prices for the city, street, and area at that time, indicating it traded at a market premium above its assessed value.
2. Is the lot size a significant drawback?
The lot is smaller than many in Winnipeg and even in River Park South. This means less outdoor maintenance but also limited space for expansions, large decks, or extensive landscaping. For buyers seeking a low-maintenance yard, it could be a benefit.
3. The home is newer than most on its street. What does that imply?
Being one of the newest homes on the block (ranked #2 of 41) suggests it may have had updates or construction advantages over immediate neighbors. However, as a 1981 build, buyers should still budget for updates common to homes of this age, like windows, roofing, or major systems.
4. Why is the assessed value below the neighborhood average?
The assessed value of $369k is notably below the River Park South average of ~$447k. This is likely due to the home’s smaller living area and lot size compared to neighborhood norms. It reflects a valuation for a more compact property, not necessarily a condition issue.
5. How can I verify the exact sale price and history?
The public data shows a sold price range. Due to industry rules, exact MLS sale figures are not displayed here. You can request the exact sold price history via email from the site, which they will provide manually without using your email for marketing.