3 Cotter Circle

Property Overview: 3 Cotter Circle, River Park South, Winnipeg

Key Characteristics & Appeal

This 1,529 sqft home, built in 2005, presents a compelling value proposition within its wider context. Its key appeal lies in its relative modernity and above-average space compared to much of Winnipeg, while being positioned as a more modest and potentially affordable option on its own desirable street in River Park South.

The home’s assessed value of $486k is notably above the city average, yet it is the lowest on Cotter Circle, where average values exceed $554k. This creates an interesting dynamic: you're buying into a well-established, newer neighborhood (homes here average 16 years newer than the city-wide figure) and a street with higher-value homes, but at a relative entry point. The lot size is generous for the neighborhood, and the living area is solid for the city. This profile suits practical buyers seeking a stable, modern community without the premium of the largest homes on the block. It’s ideal for those who value neighborhood character and long-term stability over having the biggest house, and who see the advantage in a property that may have more manageable taxes and upkeep costs than its immediate neighbors.

Frequently Asked Questions

1. Is this a good value for the area?
The data suggests it is a relative value within its immediate micro-market. While above average for Winnipeg, it has the lowest assessed value on Cotter Circle, potentially offering a more accessible entry into a street of higher-value homes.

2. How does the living space compare?
At 1,529 sqft, it is above the Winnipeg average but slightly below the average for its own street. This indicates a comfortable size for many households, though it may be smaller than some neighboring properties.

3. What does the sold price history show?
Records indicate it last sold between $350k-$400k in July 2017. Exact sold prices require a manual lookup through the site, as MLS data is not displayed.

4. Is the neighborhood older or newer?
River Park South features homes newer than most of Winnipeg. This 2005-built home is around the average age for its street but is considered newer than about 85% of comparable homes city-wide.

5. Why is the assessed value ranking so different by area?
Its value is "Below Average" for its street, "Around Average" for River Park South, and "Above Average" for Winnipeg. This highlights how the property is a smaller/less expensive home on a high-value street, while still being a substantial asset in the broader city context.