Property Overview: 3 Regis Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home at 3 Regis Drive is a practical, no-frills property that offers solid value in Winnipeg's River Park South neighborhood. Built in 1978, its key appeal lies in its efficient use of space and its lot size. With 924 sqft of living area, the house is notably compact—smaller than most on its street and in the broader area—which positions it as an affordable entry point. However, it sits on a 5,118 sqft lot that is actually larger than the average for Regis Drive, offering valuable outdoor space relative to its immediate peers.
The home’s assessed value of $361k is fairly aligned with the Winnipeg average but sits below the averages for its own street and neighborhood. This suggests you may be paying for location and land potential rather than a large or modern interior. Its last known sale was between $250k-$300k in late 2021.
This property would best suit first-time buyers or downsizers seeking a manageable footprint with lower maintenance costs, or an investor looking for a rental in a stable family neighborhood. Its value proposition is grounded in affordability and the potential of its lot, rather than square footage or recent updates. A thoughtful perspective is that while the home ranks "below average" in size and value within its immediate area, this creates an opportunity to get into the neighborhood at a relatively accessible price point, with room to add value over time.
Section 2: Frequently Asked Questions
1. Is this house significantly smaller than others nearby?
Yes. At 924 sqft, the living area is smaller than about 80-90% of comparable homes on the street and in the River Park South neighborhood. It’s a compact, efficient layout.
2. How does the assessed value compare?
The $361k assessment is below the neighborhood average but close to the city-wide average. On Regis Drive itself, it ranks in the lower third for value, which can indicate a more affordable option on that street.
3. What is the standout feature of this property?
The land. The lot is over 5,100 sqft, which is larger than most on Regis Drive. This is a positive differentiator for gardening, outdoor space, or future expansion, relative to other homes on the block.
4. What was the previous sale price?
Public records indicate it sold for between $250,000 and $300,000 in October 2021. For the exact sale price, you need to request a manual lookup from the site via email.
5. Are sold prices on this site from the MLS?
No. The sold price data comes from other public sources, not the MLS. For fully verified transaction history and exact figures, the site offers a manual email lookup service.