Property Overview: 27 Faraway Lane, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, well-positioned offering in Winnipeg's River Park South neighborhood. Built in 2009, it is a newer construction compared to most homes in the city, suggesting modern building standards and potentially lower immediate maintenance. With 1,511 sqft of living space, it sits comfortably above the city-wide average, offering ample room for a growing family or those seeking space to spread out. The lot size of nearly 6,000 sqft is generous for the immediate area, providing good outdoor space.
The appeal lies in its balanced, above-average standing across key metrics without being an extreme outlier. Its assessed value of $516k is notably above average for both the neighborhood and the city, indicating a perception of quality and desirability that is reflected in its recent sale within the $550k-$600k range. This isn't the largest or most expensive home on the street, but it consistently performs better than most homes across Winnipeg. It suits buyers looking for a move-in ready, established home in a mature suburban neighborhood, who value a newer build year and a sizable lot, and who appreciate a property that holds strong value relative to its broader market.
A thoughtful perspective: This home’s data suggests it’s a "steady performer" rather than a standout trophy property. For a buyer, this can mean less competition for a uniquely featured home and a realistic valuation grounded in neighborhood comparables, offering a sense of security and predictability in investment.
Section 2: Frequently Asked Questions
1. How does this home’s size and value compare to its immediate neighbors?
On its own street, the home is around average for both living area and assessed value. However, it sits on a larger-than-average lot for the street and is one of the newer homes built there.
2. What does the assessed value tell me about the property?
The $516k assessment is significantly higher than the Winnipeg average, and above the River Park South average. This generally reflects the municipality's view of its worth relative to others, often based on property features, size, and condition, and can be an indicator of its standing in the broader market.
3. The home sold recently. How can I find out the exact sale price?
The provided sold price is a public data estimate. Due to industry regulations, exact MLS sale prices are not displayed here. You can request the exact sale history figures by emailing the site via the "Request exact figures by email" link, and they will provide a manual lookup.
4. Is this considered a new build?
No. While its 2009 build year makes it newer than roughly 88% of comparable homes in Winnipeg and most in its neighborhood, it is now a 15-year-old home. Buyers should expect standard maintenance for a home of this age, but likely not the immediate major system replacements older homes might require.
5. Who would this property not be suited for?
It may not suit buyers seeking a brand-new, custom-built home or those looking for the absolute largest floor plan on the block. Its "above-average but not top-tier" street ranking suggests it's for buyers who prioritize overall balance and neighborhood appeal over having the most prominent house in the immediate row.