Property Overview
This home at 52 Farnsworth Crescent in Winnipeg's River Park South neighborhood stands out for its substantial size and premium lot. Built in 2008, its primary appeal lies in offering significantly more space—both indoors and out—than most homes in the city. With over 2,500 square feet of living area on a 13,200+ square foot lot, it provides room to grow and privacy that is increasingly rare in newer subdivisions. The property’s assessed value places it firmly in the top tier locally, reflecting its elite standing within the broader market.
This home is ideally suited for buyers who prioritize space and established neighborhoods over a brand-new build. It appeals to growing families needing multiple bedrooms and recreational space, or to those who value a large yard for gardening, pets, or outdoor entertaining. It’s also a strong fit for value-conscious buyers seeking a property with metrics that outperform the vast majority of the market, offering a combination of modern construction (post-2000) and generous proportions that are hard to replicate today.
Key Questions & Considerations
How does the lot size compare to newer homes?
The land area is a key feature, ranking in the top 4% on its own street and top 1% in River Park South. At over 13,000 sqft, it is nearly double the street average and significantly larger than typical lots in many newer Winnipeg communities, offering greater privacy and potential.
Is the home’s value consistent with recent sales?
The home sold in July 2023 for between $900,000 and $950,000, which aligns with its current assessed value of $901,000. This suggests the valuation is grounded in a recent market transaction, though for exact historical figures, a manual records check is recommended.
What does the "Elite" ranking for living area mean?
With 2,530 sqft of living space, this home is larger than 99% of homes in River Park South and 97% of homes city-wide. This indicates exceptional interior space for the area, often translating to more bedrooms, larger common areas, or enhanced layout flexibility.
How does the year built affect its appeal?
Built in 2008, the home is newer than about 87% of Winnipeg homes but is around the average age for its street. This positions it as a modern home without being part of the latest construction wave, potentially meaning more mature landscaping and settled infrastructure.
Who might this property not suit?
Given its size and value, it may not suit first-time buyers or those seeking a low-maintenance property. The larger lot requires more upkeep, and the premium price and operating costs are geared towards buyers looking for a long-term family home rather than a starter property or compact living.