3 Poitras Place

Property Overview: 3 Poitras Place, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 3 Poitras Place in River Park South is a practical, entry-level property with a clear value proposition. Its key characteristic is its modest 870 sqft living area, which is notably smaller than most homes on its street and in the wider neighborhood. Built in 1984, it sits on a roughly average-sized lot for the area.

The appeal lies in its accessibility and relative value. With an assessed value of $368k, it is priced below the averages for its immediate street and neighborhood, yet aligns closely with the broader Winnipeg average. This positions it as a more affordable entry point into the stable, family-oriented River Park South community. The recent sale price (estimated between $350k-$400k) suggests a market transaction consistent with this assessment.

This property would best suit first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a established suburban area. It’s a pragmatic choice for those prioritizing location and lot ownership over interior space, who are comfortable with a home that may require updates. A less obvious perspective is its potential as a strategic purchase: acquiring a smaller, undervalued asset on a street of larger, higher-valued homes can be a long-term play in a rising market.

Section 2: Frequently Asked Questions

1. Is this house much smaller than its neighbors?
Yes. At 870 sqft, the living area is significantly below the street average (1,306 sqft) and neighborhood average (1,410 sqft). It is among the smallest homes on Poitras Place.

2. How does its value compare to nearby homes?
Its assessed value ($368k) is below the averages for both its street ($426.5k) and the River Park South neighborhood ($447.2k). This lower valuation is closely tied to its smaller size.

3. What is the lot size, and is it typical?
The lot is 5,497 sqft. This is slightly below the street average but is actually slightly above the average lot size for the River Park South neighborhood, making it a fairly standard parcel for the area.

4. When was it last sold, and for about how much?
Records indicate a sale in November 2024. The precise price is not publicly listed, but data shows it sold within the $350,000 to $400,000 range.

5. Are the sold prices and comparisons on this page completely verified?
The data is compiled from public sources and is considered reasonably reliable, but it is not sourced from the MLS. For fully verified figures and exact historical sale prices, a manual lookup by the site’s team is required.