Property Overview: 67 Poitras Place, River Park South, Winnipeg
Key Characteristics & Appeal
This 1987-built home in River Park South presents a compelling mix of space, value, and established community living. Its key characteristic is an exceptionally large lot of over 11,350 square feet, which ranks in the top 4% of comparable homes in Winnipeg and is the largest on its street. This provides rare potential for gardening, expansion, or outdoor recreation within the city. The home itself, at 1,359 sqft, offers comfortably above-average living space for its immediate street and is in line with broader city averages.
The appeal lies in its strong value proposition and positioning. With an assessed value of $555,000, it sits well above averages for its street, neighborhood, and the city, indicating perceived quality and desirability. It last sold between $400k-$450k in 2017, suggesting significant appreciation. The home suits buyers seeking a property with a standout, sizable yard in a mature neighborhood, who value space over a brand-new build. It’s ideal for those looking for a home with room to grow that already demonstrates a strong investment trajectory compared to its peers.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $555k is a strong indicator for municipal tax purposes and is significantly higher than nearby comparable homes. However, market value is determined by current sale prices, condition, and buyer demand. The last known sold price was between $400k-$450k in 2017, so consulting a local realtor for a current market evaluation is essential.
2. What does the large lot size mean for me practically?
Beyond extra privacy and yard space, a lot of this size (over a quarter-acre) may offer future potential like adding a garage, workshop, or garden suite, subject to city zoning bylaws. It also likely means higher maintenance (lawn care, snow clearing) but provides a rare sense of openness in a residential area.
3. Is the home older than others in the area?
Built in 1987, it is actually newer than the average home on its street and in Winnipeg overall. In its immediate neighborhood (River Park South), it is slightly older than the average. This suggests it’s in an established, stable part of the community where homes were primarily built in the 1980s.
4. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not displayed here. You can request the full, verified transaction history by email through the provided link for a manual lookup.
5. What are the property taxes likely to be?
Property taxes are based on the assessed value and the City of Winnipeg’s annual mill rate. With a $555k assessment, the taxes will be proportionally higher than homes with lower assessments on the same street. You can estimate taxes by applying the current mill rate to the assessed value.