Property Overview: 44 John Forsyth Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,208 sqft bungalow, built in 1982, presents a practical entry point into Winnipeg's established River Park South neighborhood. Its core appeal lies in its value proposition. With an assessed value significantly below area averages—ranking in the bottom tier for its street and neighborhood—it offers a lower financial barrier to entry. The living space is competitively sized for the street, providing adequate room without premium square footage costs.
The property suits first-time buyers or investors seeking a functional home in a mature community without a top-tier price tag. Its smaller lot (2,614 sqft) means less maintenance, which could be a plus for those wanting a manageable yard. A thoughtful perspective is that its below-average metrics across the board, while often seen as drawbacks, clearly define its role: it’s a modest, no-frills option in an area where many homes are larger and more valuable. For the right buyer, this represents an opportunity to gain a foothold in the area and potentially add value over time, rather than paying for existing upgrades.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on municipal evaluation, which considers factors like the home's age, size, lot dimensions, and general condition. Its ranking indicates it is valued lower than most comparable properties in the immediate area, which may reflect its specific attributes or the state of the market at the time of assessment.
2. How does the smaller lot size affect the property?
The lot is considerably smaller than the neighborhood average. This typically means less outdoor maintenance and lower landscaping costs, but also less private outdoor space. It’s a practical fit for those who prioritize a low-maintenance yard.
3. What does the sold price history from 2017 indicate?
The home last sold between $200,000 and $250,000 in late 2017. This historical data provides a benchmark, but the current market value will be influenced by factors like updates, condition, and current market trends since that sale.
4. Is the living space adequate for a family?
At 1,208 sqft, the living area is close to the street's average. It provides a standard amount of space for a smaller family or couple. Buyers should consider their specific space needs relative to the home's layout.
5. How can I get the exact historical sold prices for this home?
The site provides sold price ranges publicly. For fully verified and exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.