Property Overview: 208 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and value-conscious opportunity. With 1,268 sqft of living space, it offers more room than most homes on its street, ranking in the top 24% locally. Its assessed value of $354k sits below the averages for both the street and the wider neighborhood, suggesting a potentially attractive entry point into the area.
The primary appeal lies in its balance of space and value within a mature, established community. It suits first-time buyers or downsizers seeking a manageable home without a premium price tag. The lot size, while smaller than many in Winnipeg, is typical for the immediate street, offering lower maintenance. A thoughtful perspective is that while the home is older than the city average, its 1985 build date is consistent with the neighborhood's development period, meaning major community infrastructure and landscaping are well-settled. Buyers should note it last sold between $300k-$350k in 2020.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to its neighbors?
The data suggests it might be. Its assessed value is below the street and neighborhood averages, while its living area is above the street average. This discrepancy could indicate value, but it's essential to view the property in person to understand the condition and layout behind the numbers.
2. What does the lot size mean for me?
At just over 4,000 sqft, the yard is smaller than many in Winnipeg and the River Park South area. This is a advantage for those seeking lower outdoor maintenance but may be a limitation for those wanting extensive gardening, privacy, or space for large play structures.
3. How does the 1985 build year affect the home?
Built in the mid-80s, the home is part of a well-established neighborhood with mature trees. Buyers should budget for updates common to homes of this age, such as windows, roofing, or interior finishes, while also benefiting from a settled community feel.
4. Why is the assessed value lower than the neighborhood average?
Assessed value is for municipal tax purposes and is influenced by many factors, including home condition, specific layout, and recent sales on the street. The lower assessment compared to the neighborhood could relate to these factors, but it does not directly predict future sale price.
5. Where can I get exact historical sale prices?
The provided sale data is an estimate. To obtain fully verified sale figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry rules.