84.5
Excellent
Property score
84.5
Excellent
Overall 84.5
Newer than most nearby homes
1,586 sqft (top 37%)
Built in 2010 (20 yrs newer than avg)
Located in a high-income area
with median household income of ~131k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
12% larger than neighborhood avg.
Year Built
Above average
20 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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84.5 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: #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
32 Farnsworth Crescent — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 445 m), 1 parks (nearest 234 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 38% | Top 5% | Top 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 32 Farnsworth Crescent presents a compelling profile within Winnipeg’s River Park South neighborhood. Built in 2010, it is a relatively modern property that stands out for its efficient use of space and strong value positioning.
Key Characteristics & Appeal
The 1,586 sqft home sits on a 5,580 sqft lot, offering a balanced footprint that is squarely average for the neighborhood and city. Its primary appeal lies in its value proposition: with an assessed value of $538k, it sits significantly above the citywide and neighborhood averages, yet it is notably below the average for its own street. This suggests you are acquiring a well-regarded, modern home in a mature, established area where many neighboring properties command higher valuations.
The home’s living area tells a similar story—it is above the city average but smaller than most on Farnsworth Crescent. This creates a unique dynamic: the property offers modern comforts and efficient space in a neighborhood of larger, often more valuable homes. It recently sold for an estimated $600k-$650k, a price that ranked in the top 5% for the area, confirming strong market demand.
This property would suit practical buyers looking for a move-in ready, modern home without the footprint or maintenance of a larger estate. It’s ideal for small families, professionals, or downsizers who prioritize a newer build in a solid community over maximizing square footage. The data indicates it’s a premium offering within its broader market, but a relative value play on its specific street.
1. Is this a large home for the area?
Not particularly. At 1,586 sqft, its living area is around the neighborhood average but is actually one of the smaller homes on Farnsworth Crescent itself, where the average is 2,253 sqft.
2. Why is the assessed value so much lower than the street average?
The average assessed value on the street is $688.5k, largely driven by larger, possibly more renovated homes. This home’s assessment of $538k reflects its more moderate size and likely its specific features, making it a lower-priced entry point to a desirable street.
3. How does the recent sale price compare?
The estimated sale price of $600k-$650k placed it in the top 5% of sales for River Park South, showing buyers paid a premium for it. This sale price is also well above its assessed value, which is common in active markets.
4. What does the year built tell us?
Built in 2010, it is newer than most homes in Winnipeg and the neighborhood. On its street, it’s among the newest, indicating the street is comprised of well-maintained, modern properties.
5. Is the lot size a pro or a con?
The 5,580 sqft lot is very typical for the neighborhood. It offers a standard suburban yard without being overly large for maintenance, striking a balance that suits many buyers.
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