Property Overview: 142 John Forsyth Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,180 sqft bungalow, built in 1983, presents a solid, no-surprises offering in the established River Park South neighborhood. Its primary appeal lies in its stability and relative value within its immediate context. While the living space is average for the street and the lot size is modest for the area, the home’s assessed value of $428k ranks above average for John Forsyth Road. This suggests the property is viewed favorably compared to its direct neighbors, potentially due to updates, condition, or specific layout not captured in square footage.
The home suits practical buyers looking for a move-in-ready foundation in a mature suburb. It’s ideal for first-time homeowners, small families, or downsizers who prioritize neighborhood consistency over a large yard or a newer build. A thoughtful perspective is that its "around average" metrics across the city indicate a manageable property unlikely to be over-improved for the area, offering a balanced entry point without the premium of a standout lot or extreme modernity.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $350k-$400k in 2017. Its current assessed value is above the street average, but for exact, verified sale prices of comparable nearby properties, a manual lookup is required through the site.
2. Is the lot size a significant drawback?
At 3,900 sqft, the lot is below average for both the street and neighborhood. This means lower maintenance but also less private outdoor space. For buyers seeking a large yard, it may be limiting; for those preferring minimal upkeep, it’s a practical fit.
3. What does the "above average" assessed value on the street indicate?
Ranking in the top 25% for assessed value on John Forsyth Road, while having an average-sized living area and an older build date, often points to factors like renovations, a desirable floor plan, or superior condition that have been formally recognized in the assessment.
4. Are homes from the 1980s a concern?
Built in 1983, this home is older than most on its street but is near the citywide average age. Key systems (roof, windows, HVAC) may be at or beyond their typical lifespan, so a thorough inspection is advised to budget for potential updates.
5. How does River Park South compare to Winnipeg overall?
The neighborhood offers larger average lot sizes and home sizes than this specific property. This home provides a more affordable and manageable point of entry into the area, which may have higher averages driven by larger, newer properties on other streets.