Property score
91.6
Excellent
Overall 91.6 · Larger and newer than most nearby homes
2,294 sqft (top 3%) · Built in 2008 (18 yrs newer than avg)
Located in a high-income area with median household income of ~131k
Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Above average
63% larger than neighborhood avg.
Year Built
Above average
18 yrs newer than neighborhood avg.
Mother tongue
English · 67%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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91.6 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110501
$131K
Median household income
$142K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
49%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
124 Farnsworth Crescent — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 370 m), 2 parks (nearest 229 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 19% | Top 1% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This well-established home at 124 Farnsworth Crescent in Winnipeg's River Park South neighborhood presents a compelling blend of space, location, and modern convenience. Built in 2008, it offers over 2,290 square feet of living area on a generous 6,875 sqft lot. The home’s appeal lies in its proven, family-friendly setting and its significant size relative to the broader area. While it is a fairly typical home for its own street, its scale is elite within the wider neighborhood and city, ranking in the top 3-5% for living space in River Park South. Its last known sale was in May 2022, with a price reported between $700,000 and $750,000.
Key Characteristics & Ideal Buyer
The primary characteristic of this property is its above-average footprint. It provides substantially more interior space than most Winnipeg homes, making it a practical choice for growing or multi-generational families. Its assessed value of $643,000 is notably higher than area and city averages, reflecting this desirability. The lot size is also comfortably above neighborhood norms, offering good outdoor potential.
The home’s appeal is grounded in its established, mature subdivision setting. Buyers seeking a move-in ready home in a community with settled landscaping and amenities, without the uncertainties of a brand-new development, would find this attractive. It particularly suits value-conscious buyers who prioritize space per dollar within a popular suburban neighborhood. A less obvious perspective is that, while the home is newer than most in the city, it is average-aged for its immediate street, suggesting a balanced trade-off: modern enough to avoid major immediate renovations, but with potential upcoming lifecycle updates (like roofing or HVAC) that a buyer should factor in.
Frequently Asked Questions
1. How does this home compare to others on the street?
On Farnsworth Crescent, this home is around average for living area, assessed value, lot size, and year built. It fits seamlessly into the street’s profile of spacious, early-2000s homes.
2. Why is the assessed value different from the last sold price?
The assessed value ($643k) is for municipal tax purposes and often lags behind market trends. The sold price from 2022 ($700k-$750k) reflects the market value at that specific time. Current market conditions will determine today’s value.
3. What does the "elite" neighborhood ranking mean?
It means this home’s living area is larger than approximately 97% of comparable homes in all of River Park South. It offers exceptional space for this specific community.
4. Can I get the exact historical sold prices?
The site provides sold price ranges. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Is the year built a advantage?
Yes. Built in 2008, the home is significantly newer than the average Winnipeg home (1966) and the River Park South average (1990). This typically means more modern construction standards, layouts, and systems, though it is not the newest on its own street.
