Property Overview: 3 Cactus Cove, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a balanced offering for buyers seeking established value. Built in 1989, the property is newer than most Winnipeg homes and sits on a 6,044 sqft lot that is spacious for the neighborhood, though slightly smaller than others on its specific street. With 1,854 sqft of living space, it provides above-average roominess compared to both the local area and the wider city.
The appeal lies in its solid, middle-ground positioning. It’s a home that outperforms city-wide averages for size and lot, offering more interior space than many comparable properties, without being an outlier in price. The assessed value of $484k is very close to the street average, suggesting it is priced in line with its immediate surroundings. This makes it a pragmatic choice for buyers who prioritize a proven neighborhood and a home that holds its own in terms of space and modernness relative to the broader market.
This property would suit first-time move-up buyers or growing families looking for a turnkey home in a mature suburb. It’s also a sensible option for value-conscious purchasers who want more space than the city average provides, but aren’t seeking a premium lot size or the very newest construction. The data indicates a home that offers a reliable, above-average footprint in a stable community.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby homes?
While the lot is a generous 6,044 sqft and is above the neighborhood average, it is below the average for Cactus Cove itself. This means the yard is spacious for River Park South overall, but you may find immediate neighbors have larger lots.
2. Is the home’s value typical for the area?
Yes. The assessed value is almost exactly the street average and aligns closely with the neighborhood average. This suggests the home is fairly valued within its immediate context and isn’t priced at a premium or discount compared to direct peers.
3. What does the sold price data indicate?
The home sold between $500k-$550k in August 2023, which placed it in the top 25% of sales on its street and top 13-14% for the area and city at that time. This indicates strong market performance relative to its peers when it last transacted.
4. How modern is this home compared to others in Winnipeg?
Built in 1989, it is newer than approximately 77% of comparable homes across Winnipeg. In its neighborhood and on its street, it is also slightly newer than the average, meaning its major systems and layout are likely more contemporary than many city properties.
5. Where can I get the exact historical sold price?
The website provides sold price ranges for browsing. Due to industry rules, exact MLS sold figures are not displayed online. You can request the precise transaction history via email through the site’s provided form, and they will send it to you manually.