Property Overview: 59 Cotter Circle, River Park South, Winnipeg

Key Characteristics & Appeal

This home at 59 Cotter Circle is a well-sized, modern property in a mature Winnipeg neighborhood. Built in 2007, it is newer than most homes in River Park South and across the city, suggesting updated building standards and potentially lower maintenance in the near term. With 1,734 sqft of living space, it offers more room than the typical Winnipeg home and is above average for its neighborhood, providing good interior space for a growing family or those wanting dedicated rooms for work or hobbies.

Its primary appeal lies in its strong positional value. While the lot size is slightly smaller than others on Cotter Circle, the property's assessed value of $563k ranks within the top 12% of River Park South and top 11% city-wide. This indicates that the home itself, its condition, and its location on the street are perceived as premium relative to the broader market. It suits buyers looking for a move-in ready home in an established area who value space and modernity over a very large yard. It’s a practical choice for professionals or families seeking a balance of neighborhood charm and a home that doesn’t feel dated.

A less obvious perspective is that this property represents a "sweet spot" in its immediate area. It’s not the largest on the street, but it is the newest, which can be a trade-off some buyers prefer. The data suggests you’re buying into a street and neighborhood where property values are consistently above the city average, offering a degree of stability.

Frequently Asked Questions

1. How does the lot size impact the property?
While the 5,889 sqft lot is below the street average, it is still above the neighborhood average. This typically means a manageable yard with less maintenance, but potentially less privacy or space for large additions compared to immediate neighbors.

2. What does the assessed value tell me about the listing price?
The assessed value ($563k) is a municipal valuation for tax purposes, not a market price. However, ranking in the top 11% city-wide signals this is a higher-value home. A market price would consider current conditions, updates, and seller motivation, but this assessment suggests a solid value foundation.

3. The home sold in 2020. What can that price tell me?
The prior sale price (shown in a range) gives a historical benchmark. Its ranking (Top 25% in the area at the time) shows it has historically commanded a premium. Comparing that past price to the current assessed value can indicate general appreciation trends for the property.

4. Is the home truly "above average" for the area?
Yes, in key metrics. It is above the neighborhood average for living area, assessed value, and year built. This means you are getting a newer, larger, and more highly valued property compared to many homes in River Park South.

5. Where can I get verified sale history and exact past prices?
The site notes that exact sold prices and full transaction history are not displayed publicly due to data source rules. They offer a manual lookup service; you can request the exact figures by email, and they will provide them directly without using your email for marketing.