Property Overview: 15 Faraway Lane, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,688 sqft home, built in 2008, presents a solid, middle-ground option in the established River Park South neighborhood. Its primary appeal lies in its balanced positioning: it offers more space than the average Winnipeg home, within a newer-than-average area, but at a price point that is notably accessible for its immediate street. While it ranks around the middle of Faraway Lane for size and lot (5,058 sqft), it stands out as a relative value play there, with an assessed value below the street average. City- and neighborhood-wide, however, its size and value are consistently above average, suggesting you get more home for your dollar here than in many parts of Winnipeg. It would suit practical buyers looking for a move-in ready, modern-ish home without paying a premium for the newest or largest property on the block. It’s a sensible choice for those who prioritize neighborhood quality and interior space over a sprawling lot or top-tier street status.
Frequently Asked Questions
1. Is this home a good value compared to its neighbors?
The data suggests it is a relative value on its own street, where its assessed value is below the average. In the broader River Park South area and city-wide, its value is above average, indicating the street itself may command higher prices.
2. How does the living space compare to typical Winnipeg homes?
At 1,688 sqft, the living area is above average for both Winnipeg (top 21%) and the River Park South neighborhood (top 25%), offering more interior space than many comparable homes.
3. What is the neighborhood like in terms of home age?
River Park South has a mix of home ages, but this 2008-built property is newer than most in the area (top 12%), placing it among a more modern subset of homes in the community.
4. Why is there a sold price range instead of an exact figure?
Publicly available sold price data is presented in a $50k band for non-registered users. Exact sale figures require a manual lookup request due to industry data restrictions.
5. How does the lot size compare?
The 5,058 sqft lot is fairly typical for River Park South and on the smaller side compared to the Winnipeg average, aligning with the neighborhood’s more suburban, mid-density character.