Property Overview: 233 John Forsyth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 233 John Forsyth Road is a practical, mid-80s bungalow in the established River Park South neighborhood. Its key characteristic is its solid value positioning. With an assessed value of approximately $401,000, it sits consistently around the average for its street, area, and the wider city, suggesting a fair and stable market price. The living space of 968 sqft is notably compact, ranking below average for the street and neighborhood, which points to a home best suited for efficient living rather than expansive gatherings.
The appeal lies in its manageability and location. The lot size is typical for the street, offering a balanced outdoor space without excessive maintenance. Being built in 1985, it is newer than many Winnipeg homes city-wide, potentially implying fewer age-related concerns than older stock. This property would suit first-time buyers seeking an affordable entry into a stable neighborhood, downsizers looking to right-size into a manageable home, or pragmatic investors attracted by its consistent, average valuation and rental demand in a family-oriented area. It’s a home that prioritizes financial sensibility and ease of upkeep over size or luxury.
Section 2: Frequently Asked Questions
1. Is the below-average living area a significant drawback?
It depends on your needs. The 968 sqft size is efficient and can be cozy for individuals, couples, or small families. It suggests lower utility costs and less upkeep, but may feel cramped for those needing multiple dedicated rooms or extensive storage.
2. How does the sold price compare to the assessed value?
Public data indicates it sold between $400,000 and $450,000 in mid-2024. This range brackets the $401,000 assessed value, showing the assessment is a reliable benchmark and that the home likely sold near its perceived market value.
3. What does the "around average" ranking for value really mean?
It indicates stability. The home isn’t undervalued nor overpriced relative to its immediate surroundings. This can be reassuring, suggesting less risk of price volatility and a good fit for buyers who prioritize long-term, steady investment over hunting for a "steal."
4. Are there any obvious red flags from the data?
No major flags are apparent. The metrics show a consistent, average performer. The smaller lot size compared to the neighborhood average is worth noting if a large yard is important, but it is standard for this specific street.
5. How can I get the exact sale price and history?
Due to industry regulations, exact MLS sale records are not published on this site. You can request the precise sold price and transaction history by emailing the provided contact; they will manually retrieve and send the information to you.