Property Overview
This home at 46 Faraway Lane in River Park South stands out for its above-average size and modern build within a well-established Winnipeg neighborhood. Built in 2009, its nearly 2,000 sqft of living space is notably larger than most comparable homes on its street, in the area, and across the city. The property also benefits from a generous lot size of over 8,600 sqft, providing ample outdoor space that is rare for the neighborhood. With an assessed value of $569k, it sits in the top tier of homes locally, reflecting its premium attributes. Its appeal lies in offering a spacious, relatively new home in a mature community, avoiding the wait and uncertainty of a new development. This property would best suit buyers looking for move-in-ready space, both indoors and out, who value a established neighborhood setting over a brand-new subdivision. A less obvious point of value is its ranking among the newest homes on its street, suggesting lower immediate maintenance costs compared to older neighbors, while still being part of a settled streetscape.
Frequently Asked Questions
How accurate are the sold price ranges shown?
The sold price ranges are based on publicly available data, not the MLS, and are presented in $50k bands. For fully verified, exact historical sale figures, you must request a manual lookup via email from the site.
What do the rankings (e.g., "Top 11%") actually mean?
These rankings compare this specific property against similar homes in three scopes: its immediate street, the wider River Park South neighborhood, and all of Winnipeg. For example, ranking in the "Top 11%" city-wide for living area means approximately 89% of comparable Winnipeg homes are smaller.
Is the assessed value the same as the market value?
No. The assessed value ($569k) is used for municipal tax purposes. Market value (what a buyer might pay) is influenced by current market conditions and can be higher or lower. The assessment does, however, indicate the home is consistently valued well above local averages.
Why is the lot size considered a standout feature?
At 8,639 sqft, the lot is significantly larger than the neighborhood average (~5,447 sqft). This means more private yard space, potential for landscaping, gardens, or additions, and often a greater sense of privacy—a premium in suburban areas.
The home was last sold in 2021. What can that tell me?
The 2021 sale price range ($550k-$600k) and its "Top 8%" ranking for the area at that time show the home has historically commanded a premium. Tracking its change from the 2016 sale can indicate appreciation trends, but for precise figures, a manual data request is needed.