Property Overview
224 John Forsyth Road is a well-established, single-family home in Winnipeg's River Park South neighborhood. Built in 1985, it presents a practical opportunity in a mature community. The home’s assessed value is in line with area averages, but its living space is more compact than many nearby properties, suggesting a focus on efficient use of space over sheer size.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a financially accessible entry point into a stable, family-oriented neighborhood. With an assessed value that sits squarely in the average range for both the street and the wider city, it represents a grounded, mid-market option. The lot size is typical for the immediate street but is smaller than many in the broader River Park South area, which may translate to less yard maintenance—a potential plus for some buyers.
The home is best suited for first-time homebuyers, downsizers, or investors seeking a straightforward residential property. Its below-average square footage (968 sqft) indicates a cozier layout, ideal for those who prioritize a simpler footprint and lower utility costs. A thoughtful perspective is that its very "averageness" in key metrics like value and age could be a strength, offering a lower-risk purchase that's unlikely to be overvalued relative to its surroundings. It’s a property for someone seeking community and practicality rather than luxury or expansive space.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The assessed value is very consistent with the immediate street average and slightly below the neighborhood average. This suggests the price is fair and competitive for River Park South, neither a standout bargain nor overpriced.
2. How does the home's size compare to others?
The living area is below average for the street, neighborhood, and city. This means you are likely getting a more compact home, which could be efficient for smaller households but may feel cramped for those needing more room.
3. What does the sold price range indicate?
The property sold between $350k-$400k in mid-2024. This placed it in the top 30% of sales on its street at that time, indicating strong demand for homes in this specific location and price bracket.
4. Is the lot size a concern?
The lot is average for John Forsyth Road but below average for River Park South. This means while it's typical on its block, larger yards are common elsewhere in the neighborhood. It's a trade-off between less maintenance and less private outdoor space.
5. How can I get the exact sale price?
The site does not display MLS data. You must request the exact sale price and full transaction history via email, which the provider will send manually. This is due to industry rules governing the display of sold data.