Property Overview: 134 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, single-family home built in 1983, offering 701 square feet of living space on a 3,900 sqft lot. Its key characteristic is its efficiency: it is notably smaller than most homes on its street, in the River Park South neighborhood, and across Winnipeg. This is reflected in its assessed value of $352k, which sits below the local area average but aligns closely with the city-wide average.
The appeal lies in its position as a more accessible entry point into a well-established neighborhood. For the price, a buyer gains a foothold in a mature community with larger, higher-value homes, which can offer stability and potential for long-term value. It would suit first-time buyers, downsizers, or investors seeking a lower-maintenance property without leaving a popular suburban area. A thoughtful perspective is that this home represents a practical choice over pure square footage, potentially allowing for lower utility costs, property taxes, and upkeep effort compared to its neighbors, freeing up budget for other priorities.
Section 2: Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This home is among the most compact on the street and in the neighborhood. It represents a different style of housing stock from the early 1980s, likely designed for maximum lot use with efficient, smaller floor plans that were common at the time.
2. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in April 2020. Its current assessed value of $352k is higher, which is typical as assessments aim to reflect market value over time. It places the property in the top 80% for value on its own street, indicating it holds value well within its immediate context.
3. Is the lot size a limitation?
At 3,900 sqft, the lot is below average for the area but is still a decent size for a home of this scale. It offers manageable outdoor space for gardening or recreation without the burden of a large yard to maintain.
4. What does the "around average" city-wide ranking for value mean?
While the home is below average in size and value within its desirable neighborhood, its assessed value is very close to the median for all of Winnipeg. This highlights that you are purchasing a property with a city-typical value, but located in an area where property standards and averages are generally higher.
5. How can I find out the exact historical sale price?
The provided sold price data is an estimated range. Due to industry regulations, exact sale figures are not published automatically on this site. You can request the precise sale history by emailing the provided contact; they will manually look up and send the verified information.