Property Overview: 201 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a distinct value proposition centered on its land. The 968 sqft living space is modest, ranking below average for the street, neighborhood, and city. However, this is balanced by a notably large, 6,944 sqft lot, which ranks in the top 2% on its street. The assessed value of $415k sits above the street average and is competitive city-wide.
The primary appeal lies in this land-to-structure ratio. It’s a property where the value is significantly in the ground itself, offering ample outdoor space for gardening, recreation, or future expansion in a well-established neighborhood. It suits practical buyers who prioritize lot size over square footage, such as first-time homeowners comfortable with a cozier interior, or long-term planners who see potential in the land itself. It’s less suited for those seeking immediate move-in-ready spaciousness.
Section 2: Frequently Asked Questions
1. Is the house too small for the price?
The price reflects a balance. While the living area is modest, the lot size is exceptional for the area. You are investing significantly in the land, which may hold value differently than the structure itself.
2. How does the assessed value compare to likely selling price?
Assessed value ($415k) is for municipal taxation and is a useful benchmark. The last known sale was between $300k-$350k in 2020. Market conditions and property updates since then will determine the current listing price, which would likely be higher.
3. What is the potential for adding on or renovating?
The large lot is a major asset for any future expansion, subject to local zoning and permit approvals. The existing home's smaller footprint provides a clear opportunity to enlarge it.
4. Are the sold price figures shown here accurate?
The site provides sold price ranges based on public data, not MLS records. For fully verified, exact historical sale figures, you must request them directly via email from the service.
5. How does this home fit within the neighborhood?
It’s a home with a younger-than-city-average build year on a street of similar-aged houses. Its configuration—smaller home on a larger lot—is less common on this street, making it a unique offering compared to neighbors with more typical lot sizes.