Property Overview: 15 Farnsworth Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 15 Farnsworth Crescent in River Park South presents a compelling mix of value and practicality. Built in 2008, it is a newer home relative to most of Winnipeg, offering modern construction without the premium of a brand-new build. With 1,574 sqft of living space, it is comfortably above the city-wide average, providing ample room for daily life, yet it sits on a more modest, manageable lot compared to some larger properties on its own street.
The primary appeal lies in its strong value proposition within a desirable neighborhood. The assessed value of $550k is significantly above averages for both the neighborhood and the city, indicating a solid investment in a well-regarded area. However, it's notably below the average for Farnsworth Crescent itself. This creates a unique dynamic: you are acquiring a home that stands out as a high-value property in the broader context of Winnipeg and River Park South, while simultaneously being one of the more accessible entry points on a street of larger, higher-value homes. This suits buyers looking for a modern, move-in ready home in a mature suburban neighborhood, who prioritize efficient living space over a very large yard, and who see the advantage of being on a street with more expensive properties—a factor that can support long-term value.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbors?
While its living area is above average for Winnipeg and typical for River Park South, it is smaller than most homes on Farnsworth Crescent itself. This may appeal to those seeking a lower-maintenance interior space while still benefiting from the street’s overall prestige.
2. Why is the assessed value so high compared to the neighborhood average?
The $550k assessment reflects the home’s modern age (2008), its location within a sought-after neighborhood, and the influence of the higher-value homes on its immediate street. It signals that the property is considered a premium offering within the wider area.
3. What is the likely property tax implication of this assessment?
Property taxes are based on the mill rate applied to the assessed value. With an assessment in the top 15% of the neighborhood, owners should anticipate correspondingly higher property taxes compared to the average River Park South home.
4. The home sold in 2016. What can that tell me?
The previous sale price (estimated between $450k-$500k) provides a historical benchmark. The increase to the current $550k assessment suggests appreciation, but for precise market analysis, verifying the exact sale price and comparing it to recent sales of similar homes is essential.
5. How can I get the exact historical sale price?
Due to data display regulations, exact sold prices are not published on this site. You can request the full transaction history via email, and the team will provide the verified figures directly to you.