Property Overview: 200 John Forsyth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its land. Built in 1985, the 870 sqft living space is notably compact, ranking below average for the street, neighborhood, and city. However, this is balanced by a large, 6,945 sqft lot that ranks in the top 2% on its street. The assessed value of $395k is consistently around the average for its immediate area.
The primary appeal lies in this land-to-structure ratio. It’s a property where the true asset is the outdoor space, offering significant potential for expansion, gardening, or outdoor living. The home itself suits a minimalist, first-time buyer, or downsizer who prioritizes low maintenance and heating costs without sacrificing yard size. It’s also a strategic entry point into the established River Park South neighborhood at a price point driven by the modest home, not the premium lot. A thoughtful buyer might see this as a "lot with a house attached," where future value could be unlocked through renovation or addition, making it a pragmatic, long-term investment rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 870 sqft, the living area is compact. It will suit those comfortable with efficient, minimalist living or those viewing the home as a foundation for future expansion. It is significantly smaller than typical area homes.
2. Why is the assessed value around average if the house is smaller?
The assessed value reflects the total property package. While the structure is modest, the value is supported by the much larger-than-average lot size, a key factor in municipal assessment.
3. How does the lot size compare to nearby properties?
The lot is a standout feature. At nearly 7,000 sqft, it is over 50% larger than the average lot on John Forsyth Road and above average for both the neighborhood and the city.
4. What is the property’s history of value appreciation?
Public data shows a sale in 2016 between $250k-$300k and another in 2022 between $400k-$450k. This indicates solid appreciation over that period, consistent with broader market trends.
5. How can I verify the exact past sale prices?
Due to industry data rules, exact sale figures are not published automatically. You can request the precise sales history via email from the site provider for a manually verified report.