Property Overview: 42 Fonseca Place, River Park South, Winnipeg

Key Characteristics & Appeal

This 2010-built home in River Park South stands out for its substantial size and premium positioning within the Winnipeg market. Its nearly 2,900 sqft of living space places it in the top 1% of homes in both the neighborhood and the entire city, offering significantly more room than typical area homes. The property sits on a large, above-average lot of over 7,500 sqft, providing ample outdoor space.

The primary appeal lies in its proven, elite-tier stature. With an assessed value of $782,000, it ranks in the top 1% of River Park South and top 2% city-wide, indicating a high-caliber asset relative to its peers. This isn't just a large house; it's a notably modern one on its street and in an area where many homes are decades older, suggesting fewer immediate concerns about aging components. The home last sold in July 2022 for an estimated $700k-$750k, a price that was in the top 1% for the neighborhood at that time.

This property would best suit buyers who prioritize space, modern construction, and a clear, data-backed premium standing. It’s ideal for growing or multi-generational families needing ample indoor and outdoor room, or for professionals seeking a home that is a statistical standout in its category—not just in size, but in overall assessed value. It represents a move into the established upper tier of a popular suburban neighborhood.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
While the assessed value is the highest on Fonseca Place, its last known sale price (est. $700k-$750k in 2022) was in the top third for the street. This suggests the assessment aligns with its premium physical attributes, but actual market value should be verified against the most recent, exact comparable sales.

2. What does the “Elite” ranking for living area actually mean for daily life?
Ranking in the top 1% for size locally means this home likely offers features like larger or more numerous bedrooms, bigger common areas, or additional flex spaces (e.g., a main-floor office, second living room, or expansive primary suite) that are simply not available in most area listings.

3. The home was built in 2010. What might that imply for maintenance?
Being newer than most area homes is an advantage, but a 14-year-old home is now entering a period where original components (like the roof, HVAC system, major appliances, and flooring) may be nearing the end of their typical lifespans. A pre-purchase inspection is crucial to gauge their remaining service life.

4. The lot is large, but ranked 4th out of 15 on the street. Is that a concern?
Not at all. It indicates the home is on a street of generously sized lots. While a few neighbors have even larger parcels, this property’s lot is still significantly bigger than the neighborhood and city averages, ensuring excellent privacy and yard space.

5. How can I get the exact historical sale price instead of the $50k range?
Due to data display regulations, exact sold prices are not published openly on the site. You can request the full transaction history and exact figures directly from the provider via email, which they will supply manually without using your contact information for marketing.