Property Overview: 174 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1983 on a 4,000 sqft lot, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in its solid value positioning. With an assessed value of $377k, it sits comfortably below the neighborhood average, offering a relative discount for the area while being very close to the citywide average. This creates an opportunity for cost-conscious buyers to access a mature community with larger, often more expensive homes.
The home suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its size is manageable, and its rankings indicate it’s a very typical home for its specific street—you’re buying a standard offering in a well-regarded area, not an outlier. A thoughtful perspective is that its slightly smaller lot and living area compared to some neighbors could mean lower property taxes and utility costs, aligning with a efficient, budget-aware lifestyle. The data suggests it’s a home for those who prioritize community and location over sheer size, offering a chance to build equity in a stable market.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $377k is below the River Park South neighborhood average but is very typical for John Forsyth Road itself. This suggests you’re paying a "street price" for a home that might be considered modest within the broader, more upscale community context.
2. Is the living space smaller than average?
At 1,040 sqft, it is below the neighborhood average. However, it is close to the average for the street and the city overall. It’s a compact bungalow layout, efficient for individuals, couples, or small families.
3. What is the history of sold prices for this property?
Public records show it last sold between $250k-$300k in May 2016. To obtain the exact historical sale price and a fully verified transaction history, you must request a manual lookup from the site provider, as MLS data is not displayed here.
4. How does the lot size impact this property?
The lot is under 4,000 sqft, which is smaller than many in River Park South. This means less yard maintenance but also less private outdoor space. It is, however, consistent with other lots on John Forsyth Road.
5. The home was built in 1983. What should I consider?
Built in the early 1980s, this home is newer than the Winnipeg city average. Key systems (roof, windows, furnace, plumbing) are likely at or approaching their typical lifespan, so a thorough inspection is advised to budget for potential updates or maintenance.