Property Overview: 43 Cotter Circle, River Park South, Winnipeg
Key Characteristics & Appeal
This 2005-built home in River Park South presents a compelling blend of space, modern construction, and generous land. Its 1,875 sqft living area is comfortably above average for both the neighborhood and the city, offering ample room for a growing family or those who value spacious interiors. The standout feature is the 10,015 sqft lot, which ranks in the elite top 3% for the area, providing exceptional outdoor potential for gardening, recreation, or future expansion.
The home’s assessed value of $571k positions it as an above-average property within its broader market, suggesting solid finishes and condition for its age. Its appeal lies in this balance: it’s a modern-enough home without being brand new, on a significantly larger-than-typical parcel in a well-established suburb. It would suit buyers looking for a move-in-ready family home with room to grow outdoors, or those who see long-term value in owning one of the larger lots in the area—a feature that is increasingly rare in newer subdivisions.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The property sold in June 2021 for a price between $450,000 and $500,000. Its current assessed value of $571k reflects market changes and valuation methods since that sale.
2. Is the lot size a major advantage?
Yes. The lot is approximately 50% larger than the street average and 84% larger than the neighborhood average. This offers more privacy, yard space, and potential than most comparable homes, which is a significant and less replaceable asset.
3. How does the home’s age (2005) affect things?
Built in 2005, the home is modern enough to likely avoid major outdated systems or materials found in older homes, but it may be approaching the age where some original components (like the roof, HVAC, or appliances) could need attention or updating soon.
4. Are the property taxes likely to be high?
Given its assessed value is in the top 10% city-wide and top 11% for the neighborhood, the property taxes will be correspondingly higher than an average Winnipeg home. It’s advisable to budget for this above-average tax levy.
5. Where can I get verified historical sale data?
The provided sold price is from public records. For a complete, verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.