Property Overview: 3 Sonning Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1987-built home in River Park South presents a practical opportunity in a mature neighbourhood. With 1,073 sqft of living space, it is notably smaller than most homes on its own street but sits close to the city-wide average, suggesting a more efficient, manageable layout. Its assessed value of $401k is comfortably above the Winnipeg average, yet it is one of the more modestly valued properties on Sonning Bay, potentially offering a value-oriented entry point to a desirable street.
The appeal lies in its balance and established setting. The lot size is standard for the area, and the home's year of build is actually above average for Winnipeg, indicating a relatively newer structure in the city's context. It suits first-time buyers or downsizers looking for a lower-maintenance property without sacrificing yard space. It may also attract value-conscious buyers who prioritize location on a quiet bay over sheer interior size, seeing potential in updating a solid, well-situated home.
A less obvious perspective is that its "below average" size on the street could mean lower utility costs and property taxes relative to neighbours, while still providing the same community benefits. It last sold in mid-2023, so its current market position reflects very recent economic conditions.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes, compared to other homes on Sonning Bay, the living area is below average. However, it is much closer to the average size for both the broader River Park South neighbourhood and the city of Winnipeg as a whole.
2. How does its value compare?
The home’s assessed value is below the street average but above the city-wide average. This suggests you are paying a premium for the location on Sonning Bay, but potentially less than for a larger home on the same street.
3. What is the neighbourhood like for similar homes?
River Park South is a mature, established neighbourhood. The data shows homes here typically have more living space than this particular property, but this home’s lot size and year built are very consistent with area norms.
4. Can I find out the exact price it sold for in 2023?
The public data shows a sold price range of $400k-$450k. For verified, exact sale figures, you need to request a manual lookup from the site, as they do not display MLS sold records.
5. Is the home older or newer than typical Winnipeg houses?
Built in 1987, this home is newer than the average comparable home across Winnipeg, which has a median build year of 1966. On its street, however, its age is exactly average.