Property Overview
This home at 60 Farnsworth Crescent is a standout property in Winnipeg's River Park South neighborhood. Built in 2010, it offers a substantial 2,830 square feet of living space on a large 8,551 square foot lot, with a current assessed value of $950,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its exceptional size and premium standing within its community. Its living area is in the top 1% for both the neighborhood and the entire city, offering significantly more space than typical Winnipeg homes. This is a modern property in a street and area where many homes are newer, reducing immediate concerns about major aging infrastructure.
Its value proposition is clear: it’s a large, contemporary family home in an established, desirable suburb. The lot size provides ample outdoor space, ranking well above the neighborhood average. The home last sold in early 2022 for between $800,000-$850,000, and its current assessed value suggests significant appreciation.
This property would best suit buyers looking for a move-in ready, spacious family home who value community standing and modern construction. It appeals to those seeking a premium property in a suburban setting without the premium of a brand-new build. It may also attract value-conscious buyers who see the assessed value—which ranks in the top 1% of the area—as a marker of stability and long-term investment in a well-regarded community.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $950,000 is a strong indicator for municipal tax purposes and is in the top 1% for the area. However, the final sale price is determined by the market. The home last sold for an estimated $800,000-$850,000 in early 2022, so market conditions and updates since then will influence the current price.
2. Is the home significantly larger than others nearby?
Yes. With 2,830 sq ft, it is notably larger than the average home on its street (2,253 sq ft) and far exceeds the River Park South average (1,410 sq ft). It offers elite-level space for the city.
3. What does the lot size mean for privacy and outdoor use?
At over 8,500 sq ft, the lot is larger than most in River Park South. This allows for a more generous backyard, greater distance from neighbors, and more potential for landscaping, gardening, or adding features like a deck or play structure.
4. The home was built in 2010. What should I consider about its age?
A 2010 build is modern by Winnipeg standards, meaning major components like the roof, windows, and HVAC system are likely mid-life rather than needing immediate replacement. It’s wise to check for any updates to kitchens or bathrooms, as styles from that period may feel dated to some buyers.
5. Where can I find verified past sale prices?
The provided sold price is based on public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.