Property Overview
This home at 130 John Forsyth Road in Winnipeg's River Park South neighborhood presents a practical and affordable entry point into a well-established area. Built in 1983, it features 1,053 sqft of living space on a 4,000 sqft lot, with an assessed value of $373k. Its appeal lies in its position as a competitively priced, average-sized home on its own street and within the wider city, offering stability without standing out. It last sold for between $400k-$450k in June 2023.
Key Characteristics & Suitability
The property's main characteristic is its consistency. On John Forsyth Road itself, its living area, land size, and assessed value all hover close to the street's averages. This suggests a home that fits comfortably within its immediate surroundings, neither the largest nor the smallest. A thoughtful perspective is that this can be an advantage, offering less risk of over-improvement for the area and providing a clear, stable benchmark for value.
Its appeal is rooted in affordability within the broader River Park South neighborhood, where its assessed value sits notably below the area average. This makes it a sensible option for first-time buyers or those seeking a lower-cost foothold in the neighborhood. The home would suit practical buyers who prioritize location and value over size or modern features, and who are comfortable with a property that may require updates common for its age. It's a home for those who see a solid foundation rather than a finished product.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,053 sqft, it's slightly below the average for the River Park South neighborhood but is very typical for houses directly on John Forsyth Road. You're getting a standard-sized home for that specific street.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $373k is a municipal tax valuation. The home sold for between $400k-$450k in mid-2023, which was above assessment at that time. Market conditions will determine if that relationship holds, but the past sale suggests buyers have been willing to pay a premium over the assessed value.
3. What does the year built (1983) imply for a buyer?
Built in 1983, the home is older than most on its street but is around the average age for Winnipeg overall. Buyers should budget for potential updates to major systems like roofing, windows, or HVAC that are nearing or exceeding their typical lifespan, while also appreciating the established lot and neighborhood maturity.
4. The lot seems smaller than neighborhood averages. Is that a concern?
The 4,000 sqft lot is standard for John Forsyth Road but is below the larger average lot size in River Park South. This means smaller yard maintenance but potentially less private outdoor space compared to some other parts of the neighborhood.
5. How can I find out the exact price it sold for in 2023?
The provided data shows a sale price range. Due to data licensing rules, exact sale prices are not published online here. You can request the exact figure via email from the site, and they will provide it manually without using your email for marketing.