Property Overview
This 2009-built home at 164 Farnsworth Crescent in Winnipeg's River Park South neighborhood presents an interesting profile. At 2,053 sqft, it offers above-average living space for both the neighborhood and the city, yet it sits on a slightly more modest lot compared to others on its own street. Its assessed value of $590,000 positions it as a premium property within the wider area, but more accessible compared to some immediate neighbors. The home last sold in August 2020 for an estimated $500,000–$550,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern convenience and established community. Built in 2009, it is a relatively newer home that likely avoids major immediate renovation needs, set within a mature, sought-after neighborhood. While its living area is generous for Winnipeg overall, the context is key: on its own street of larger homes, it is actually below average in size and value. This creates a unique dynamic—it offers entry into a premium street and a top-tier neighborhood (River Park South) at a point below the street's peak price point.
It would suit buyers looking for a move-in ready home in a well-regarded suburban area, particularly those who value space and modern construction but may not need the largest home on the block. It could appeal to growing families seeking community amenities and good schools, or to professionals wanting a established area without an older home's upkeep. The data suggests a buyer who prioritizes neighborhood quality and interior space over having the largest lot on the street.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
Its assessed value of $590,000 is below the street average of ~$688,500 but ranks in the top 7% for the broader River Park South neighborhood. This indicates you are buying into a high-value area, but this specific home is not at the top of its immediate market.
2. Is the living space considered large?
It depends on the scope. At 2,053 sqft, it is above average for both Winnipeg and River Park South, offering ample room. However, on Farnsworth Crescent itself, it is ranked below average, as many homes on the street are larger.
3. When was it last sold and for how much?
It sold in August 2020. The publicly available sold price is given as a range of CA$500,000–$550,000. For verified, exact historical sale figures, a manual lookup must be requested from the site.
4. What does the lot size mean for outdoor space?
The lot is 6,313 sqft, which is above average for the neighborhood and city. On its specific street, it is around the average, meaning it offers good outdoor space but may not be the largest private yard on the block.
5. Why is there a difference between the assessed value and the last sold price?
The assessed value ($590k) is for taxation purposes and reflects a municipal valuation. The last sold price (est. $500k–$550k) is a historical market transaction from 2020. Market conditions, property improvements, and appraisal methods can create a discrepancy between these figures over time.