86.0
Excellent
Property score
86.0
Excellent
Overall 86.0
Larger and newer than most nearby homes
1,688 sqft (top 25%)
Built in 2008 (18 yrs newer than avg)
Located in a high-income area
with median household income of ~158k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Above average
18 yrs newer than neighborhood avg.
Mother tongue
English · 62%French · 9%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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86.0 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: #46111260
$158K
Median household income
$152K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
3%
Single-person households
71%
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
15 Faraway Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 409 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 42% | Top 14% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 15 Faraway Lane, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,688 sqft home, built in 2008, presents a solid, middle-ground option in the established River Park South neighborhood. Its primary appeal lies in its balanced positioning: it offers more space than the average Winnipeg home, within a newer-than-average area, but at a price point that is notably accessible for its immediate street. While it ranks around the middle of Faraway Lane for size and lot (5,058 sqft), it stands out as a relative value play there, with an assessed value below the street average. City- and neighborhood-wide, however, its size and value are consistently above average, suggesting you get more home for your dollar here than in many parts of Winnipeg. It would suit practical buyers looking for a move-in ready, modern-ish home without paying a premium for the newest or largest property on the block. It’s a sensible choice for those who prioritize neighborhood quality and interior space over a sprawling lot or top-tier street status.
Frequently Asked Questions
1. Is this home a good value compared to its neighbors?
The data suggests it is a relative value on its own street, where its assessed value is below the average. In the broader River Park South area and city-wide, its value is above average, indicating the street itself may command higher prices.
2. How does the living space compare to typical Winnipeg homes?
At 1,688 sqft, the living area is above average for both Winnipeg (top 21%) and the River Park South neighborhood (top 25%), offering more interior space than many comparable homes.
3. What is the neighborhood like in terms of home age?
River Park South has a mix of home ages, but this 2008-built property is newer than most in the area (top 12%), placing it among a more modern subset of homes in the community.
4. Why is there a sold price range instead of an exact figure?
Publicly available sold price data is presented in a $50k band for non-registered users. Exact sale figures require a manual lookup request due to industry data restrictions.
5. How does the lot size compare?
The 5,058 sqft lot is fairly typical for River Park South and on the smaller side compared to the Winnipeg average, aligning with the neighborhood’s more suburban, mid-density character.
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