82.5
Excellent
Property score
82.5
Excellent
Overall 82.5
Newer than most nearby homes
1,491 sqft (top 42%)
Built in 2009 (19 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
Near average
6% larger than neighborhood avg.
Year Built
Above average
19 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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82.5 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
23 Faraway Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 435 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 25% | Top 7% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 23 Faraway Lane, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, modern offering in Winnipeg's River Park South neighborhood. Built in 2009, it is newer than most homes in the city and the immediate area, suggesting updated building standards and potentially lower near-term maintenance. With 1,491 sqft of living space, it sits comfortably in the middle range for the neighborhood—neither the largest nor the smallest, offering practical space for daily life.
The primary appeal lies in its strong value positioning. The assessed value of $534k is notably above average for both Winnipeg and the River Park South area, yet the home recently sold within a price range that placed it in the top tier of sales. This indicates a property that holds its value well relative to its surroundings. The lot size is slightly smaller than the street average but is consistent with the neighborhood, offering a manageable yard.
This property would best suit pragmatic buyers seeking a move-in ready home in a stable suburban community. It’s ideal for young families or professionals who value a newer construction date within an established area, and who appreciate a home that performs well on key metrics like assessed value without being an outlier in size or lot footprint. It represents a balanced choice—offering modernity and value retention without the premium or upkeep of a brand-new or custom-built home.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The assessed value is $534k. It sold in early 2025 for an estimated $550k-$600k, a price that ranked in the top 7% for the neighborhood and top 9% city-wide. This suggests the market price confirmed or exceeded its assessed valuation.
2. Is the living space considered large for the area?
At 1,491 sqft, it is slightly above the city-wide average but close to the neighborhood average. On its own street, it is somewhat smaller than the average home. It offers standard, functional space rather than expansive square footage.
3. What does the 2009 build year mean for a buyer?
Built in 2009, this home is newer than approximately 88% of comparable homes in Winnipeg and 89% in River Park South. This typically implies more modern construction materials, systems (like plumbing and electrical), and likely better energy efficiency than older stock, potentially deferring major renovation costs.
4. How does the lot size impact the property?
The lot of 4,828 sqft is slightly below the street average but very close to the neighborhood average. It provides a typical suburban yard space for gardening or recreation, but may not suit those seeking an exceptionally large or private outdoor area.
5. Where can I get the exact historical sale price?
The provided sold price is an estimated range. Due to data source rules, exact sale figures are not published online here. You can request the exact sold price history via email from the site, and they will provide a manual lookup.
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