Property Overview
This home at 34 Southwalk Bay in Winnipeg's River Park South neighborhood presents a compelling blend of space and value. Built in 1981, its key strength is its generous 1,665 sqft living area, which ranks well above average for its street and the wider city. The lot size is standard for the area at just under 4,800 sqft. While its assessed value is slightly below the street average, this suggests a potential value opportunity, especially considering the home's larger-than-average footprint. Its appeal lies in offering more interior space than many comparable homes, within a stable, established neighborhood. This property would suit practical buyers looking for room to grow without a premium price tag, or those who prioritize interior square footage over having the largest yard on the block.
A less obvious point is the home's age relative to its street: it was built in 1981, which is the oldest average year on Southwalk Bay, yet it ranks as "Elite" because the ranking system favors newer homes. This indicates the home has been well-maintained to remain competitive among newer builds. Additionally, its last known sale was between $400k-$450k in early 2022, placing it in the top tiers for sold price in its area, hinting at sustained marketability.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $389k is a municipal calculation for tax purposes. It's below the street average, but the home last sold for an estimated $400k-$450k in 2022. Market conditions, the home's condition, and its desirable living area will be bigger price drivers.
2. How does the living area compare to nearby homes?
This is a standout feature. At 1,665 sqft, it is significantly larger than the average home on its street (1,345 sqft) and in Winnipeg overall (1,342 sqft). You are getting more interior space than most comparable properties.
3. The home was built in 1981. Should I be concerned about major updates?
The year built (1981) is the benchmark average for the street, meaning all homes are of a similar vintage. While the ranking system labels it "Elite" for being at the average, it simply confirms the home is original to the street. A thorough inspection is advised to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates.
4. What is the neighborhood like?
River Park South is an established neighborhood. The data shows homes here have a higher average assessed value ($447k) than this specific property, suggesting it's a solid area where values are supported.
5. How can I find out the exact past sale price?
The site provides sold price ranges for transparency. Due to industry rules, exact MLS sale figures are not displayed publicly here. You can request the exact sold price history by email through the site's provided form for a manual lookup.