Property Overview
This home at 24 Farnsworth Crescent in Winnipeg's River Park South neighborhood presents a compelling blend of space, modern construction, and value within its broader context. Its appeal is rooted in its substantial size relative to most homes in the city and area, paired with a build year that suggests modern systems and less immediate maintenance.
Key Characteristics & Ideal Buyer
The standout feature is the generous 2,494 sqft of living area, which places it in the top 1% of homes in River Park South and the top 3% city-wide. This makes it a true space-above-average offering for the neighborhood. Built in 2009, it is newer than roughly 88% of Winnipeg homes, offering contemporary amenities without the quirks of much older properties.
Its appeal lies in this combination: you get a significantly larger, newer home in a well-established suburban area without an assessed value that is proportionally extreme. While its assessed value of $661k is elite for the neighborhood (top 2%), it is actually around the average for its own street. This suggests you are paying for the house and its space more than a premium lot location.
This property would best suit a growing or multi-generational family seeking ample indoor space in a mature neighborhood. It's also a strong match for buyers who prioritize modern construction and efficient layouts over a very large yard, as the lot size is closer to the neighborhood average.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $661k is for municipal tax purposes and is a historical benchmark. The last known sale was between $450k-$500k in 2017. The current market value will be influenced by recent market conditions, the home's state, and buyer demand.
2. Is the lot size a disadvantage?
At 5,630 sqft, the lot is slightly above the neighborhood average but smaller than the average lot on Farnsworth Crescent itself. This means generous indoor space but a relatively standard suburban yard. It's ideal for those who prefer lower outdoor maintenance.
3. What does the "elite" neighborhood ranking for size and value actually mean?
It means that compared to other homes in River Park South, this house is significantly larger (top 1%) and has a higher assessed value (top 2%). This indicates it's one of the larger, more valuable properties in the area, which can be positive for equity but may also mean higher property taxes.
4. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published here. You can request the exact historical sold prices for this property via email from the site provider for a manual lookup.
5. The home is newer than most in Winnipeg, but what about its specific street?
Built in 2009, it is actually right at the average build year for Farnsworth Crescent, which is a relatively new street overall. This indicates the entire street has a consistent, modern character rather than this home being an outlier.