Property Overview: 87 Southwalk Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 87 Southwalk Bay is a practical, entry-level property in Winnipeg's River Park South neighborhood. Built in 1981, its key characteristic is being a well-established home on a modest, efficiently sized lot. The living space of 1,000 sqft is compact compared to many neighbors, positioning it as a manageable footprint for the right buyer.
Its primary appeal lies in value and simplicity. With an assessed value of $390k that aligns closely with the Winnipeg average, it represents a more accessible point of entry into a stable neighborhood. A thoughtful perspective is that its smaller scale can mean lower utility costs, less maintenance, and a cozier, easier-to-manage living environment. It particularly suits first-time homebuyers, downsizers looking to reduce space and upkeep, or investors seeking a straightforward rental property. The 1981 build date is among the oldest on its street, which may appeal to those preferring the character and construction era of original neighborhood homes.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 1,000 sqft, the home is below the average for the street, neighborhood, and city. It is best suited for individuals, couples, or small families who prioritize efficient living over spaciousness.
2. How does its value compare?
The assessed value of $390k is slightly below the street average but aligns with the citywide average. This suggests it is priced appropriately for a home of its size in Winnipeg, potentially offering a cost-effective way to enter the neighborhood.
3. What does the 1981 build year mean?
It is one of the original homes on the street. While newer homes exist in the wider area, this age indicates well-established infrastructure and mature landscaping, but buyers should budget for updates common to homes of this era.
4. How does the lot size impact the property?
The 4,200 sqft lot is smaller than most comparable properties. This means less yard maintenance, which can be a benefit, but also offers less private outdoor space than others on the street.
5. What can past sale data tell me?
Public records show it last sold between $300k-$350k in August 2019. For the most accurate and complete transaction history, you must request a manual lookup from the site, as they do not publish verified MLS sold data.