Property Overview: 50 John Forsyth Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,208 sqft bungalow, built in 1982, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its value positioning. With an assessed value of $301k, it sits notably below the averages for both its immediate street ($397k) and neighborhood ($447k). This suggests a potentially lower property tax burden and an accessible entry point into a well-established area.
The home suits first-time buyers or downsizers seeking a manageable, single-level layout without a premium price tag. Its living area is competitive for the street, offering functional space. A thoughtful perspective is that the smaller, 2,619 sqft lot, while below area norms, translates to less yard maintenance—an advantage for those seeking a low-upkeep lifestyle. The property’s consistent sale history within the $250k-$300k range in 2017 and 2020 indicates a stable, predictable market value. It’s a home for those prioritizing financial efficiency and neighborhood stability over size or modern construction, offering a chance to build equity in a mature community.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While assessed value is for municipal tax purposes, this home's assessment is consistently below local averages. Market conditions ultimately set the price, but this can indicate a relatively lower cost base for property taxes.
2. How does the smaller lot size impact living here?
The lot is significantly smaller than most in River Park South. This limits expansive outdoor space but reduces maintenance time and cost. It may also mean closer proximity to neighbors.
3. The home is older than many on the street. Should I be concerned?
Built in 1982, it is a few years older than the immediate area's average. This is typical for the city overall. A thorough inspection is key to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates.
4. What does the sold price history tell us?
It last sold between $250k-$300k in 2020, and in the same range in 2017. This shows price stability in recent years, without dramatic appreciation, which can be appealing for buyers seeking a measured market.
5. How can I get the exact past sold prices for this home?
The provided data shows price ranges. Due to industry rules, exact sale figures are not published online here. You can request the precise transaction history by emailing the site directly for a manual lookup.