3 Farnsworth Crescent

Property Overview: 3 Farnsworth Crescent, Winnipeg

Key Characteristics & Appeal

This home presents a compelling value proposition within Winnipeg’s River Park South neighborhood. Its primary strength is its generous living space. At 2,296 sqft, the interior is significantly larger than both the neighborhood and city averages, placing it in the top tier for space locally. Built in 2009, it is a relatively modern home that requires less immediate attention than older stock. The assessed value of $582k sits notably above city and neighborhood averages, yet interestingly, it is below the average for its own street. This suggests you are acquiring a spacious, modern home on a established street where many properties carry even higher valuations.

The appeal lies in this balance of space, modern construction, and perceived value within its immediate context. It suits buyers looking for ample room without venturing into the highest price brackets, and who appreciate a home that stands out for its size within a wider area but doesn’t necessarily command the peak price on its block. A thoughtful point to consider is the lot size, which is smaller than others on Farnsworth Crescent. This may appeal to those who prefer less yard maintenance, but is worth noting for buyers envisioning extensive outdoor additions or landscaping.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct marker of market value. However, it indicates the home is officially valued well above area averages, while being on a street with even higher-value homes. The last known sold price was between $450k-$500k in 2016.

2. Is the living space efficiently laid out?
The data confirms the home is exceptionally spacious for the area. To understand the flow and room proportions, a viewing or floor plan review is essential, as square footage alone doesn’t capture layout functionality.

3. Why is the assessed value lower than the street average?
This can be due to several factors, including the specific lot size (which is smaller than the street average), differences in finishes or upgrades, or the unique timing of assessments. It highlights the importance of comparing the home’s specific features and condition to its neighbors.

4. What does the year built tell me about potential costs?
Built in 2009, major components like the roof, windows, and HVAC system are likely original and may be approaching or within the window for planned replacement or significant servicing. This is a key consideration for maintenance budgeting.

5. How can I verify the exact historical sale prices?
The site provides estimated sale ranges. For fully verified transaction history and exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.