Property Overview
This well-established home at 124 Farnsworth Crescent in Winnipeg's River Park South neighborhood presents a compelling blend of space, location, and modern convenience. Built in 2008, it offers over 2,290 square feet of living area on a generous 6,875 sqft lot. The home’s appeal lies in its proven, family-friendly setting and its significant size relative to the broader area. While it is a fairly typical home for its own street, its scale is elite within the wider neighborhood and city, ranking in the top 3-5% for living space in River Park South. Its last known sale was in May 2022, with a price reported between $700,000 and $750,000.
Key Characteristics & Ideal Buyer
The primary characteristic of this property is its above-average footprint. It provides substantially more interior space than most Winnipeg homes, making it a practical choice for growing or multi-generational families. Its assessed value of $643,000 is notably higher than area and city averages, reflecting this desirability. The lot size is also comfortably above neighborhood norms, offering good outdoor potential.
The home’s appeal is grounded in its established, mature subdivision setting. Buyers seeking a move-in ready home in a community with settled landscaping and amenities, without the uncertainties of a brand-new development, would find this attractive. It particularly suits value-conscious buyers who prioritize space per dollar within a popular suburban neighborhood. A less obvious perspective is that, while the home is newer than most in the city, it is average-aged for its immediate street, suggesting a balanced trade-off: modern enough to avoid major immediate renovations, but with potential upcoming lifecycle updates (like roofing or HVAC) that a buyer should factor in.
Frequently Asked Questions
1. How does this home compare to others on the street?
On Farnsworth Crescent, this home is around average for living area, assessed value, lot size, and year built. It fits seamlessly into the street’s profile of spacious, early-2000s homes.
2. Why is the assessed value different from the last sold price?
The assessed value ($643k) is for municipal tax purposes and often lags behind market trends. The sold price from 2022 ($700k-$750k) reflects the market value at that specific time. Current market conditions will determine today’s value.
3. What does the "elite" neighborhood ranking mean?
It means this home’s living area is larger than approximately 97% of comparable homes in all of River Park South. It offers exceptional space for this specific community.
4. Can I get the exact historical sold prices?
The site provides sold price ranges. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Is the year built a advantage?
Yes. Built in 2008, the home is significantly newer than the average Winnipeg home (1966) and the River Park South average (1990). This typically means more modern construction standards, layouts, and systems, though it is not the newest on its own street.