Property Overview
This home at 162 John Forsyth Road in Winnipeg's River Park South neighborhood presents a practical and affordable entry point into a well-established area. Built in 1983, it's a property defined by its efficiency and relative value rather than expansive size.
Key Characteristics, Appeal & Ideal Buyer
The primary characteristic of this property is its compact, manageable scale. With 962 sqft of living space and a 3,997 sqft lot, it sits below the neighborhood averages for size, placing it in the more affordable tier for River Park South. Its assessed value of $366k is comfortably below the local area average, yet aligns closely with the wider Winnipeg average, suggesting you pay less for the location while getting a home that holds its value in the city context.
Its appeal lies in this value proposition. It offers the benefits of a mature neighborhood—like developed landscaping and settled communities—without the premium price tag of a larger home on a bigger lot. It’s a straightforward, no-fuss property. This would suit first-time homebuyers seeking stability, downsizers looking to maintain homeownership without the upkeep of a larger property, or pragmatic investors interested in a neighborhood with consistent demand. It’s for those who prioritize location and financial sensibility over square footage.
Frequently Asked Questions
1. Is this home smaller than others nearby?
Yes. At 962 sqft, the living area is below the averages for John Forsyth Road, River Park South, and Winnipeg overall. This is a key factor in its pricing and represents a more compact living arrangement.
2. How does its value compare to the area?
Its assessed value ($366k) is below the River Park South average but aligns with the Winnipeg citywide average. This indicates you are acquiring a neighborhood address at a value closer to the city's norm, which can be an advantage.
3. What can the 2019 sale price tell me?
The home sold between $250k-$300k in late 2019. This provides a historical benchmark, but market conditions have changed significantly since then. For precise, current valuation, verified sold data for comparable recent sales is necessary.
4. Is the lot size a limitation?
The lot is slightly below average for the street and notably smaller than the neighborhood average. This means smaller outdoor maintenance but also less private space. It's typical for many homes on this street, so it fits the immediate context.
5. How can I get verified sale price information for this home?
The provided data is compiled from public sources. For fully verified sale histories and exact figures, which are not displayed due to industry rules, you must request a manual lookup from the site via email.