Property Overview: 240 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 870 square feet of living space, it is notably compact, ranking below average in size for its street, area, and city-wide. This characteristic defines its core appeal: it is a lower-maintenance, efficiently sized property with an assessed value of $375,000, which sits around the city-wide average but below the neighborhood average.
The appeal lies in its value proposition and positioning. For the price, buyers gain a foothold in a mature suburb with the benefit of a lot size typical for the street (just over 4,000 sq ft). It suits first-time buyers, downsizers, or investors seeking a manageable property without a premium for excess space. A thoughtful perspective is that its smaller footprint and average city-wide assessment could translate to relatively predictable utility costs and property taxes, offering budget stability. It’s a home for those prioritizing location and lot over square footage, ideal for someone comfortable with a cozy layout or viewing the existing structure as a long-term foundation with potential for expansion.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 870 sq ft, the home's living area is below the average for John Forsyth Road (1,174 sq ft), River Park South (1,410 sq ft), and Winnipeg overall (1,342 sq ft). It is among the more compact homes in the area.
2. Is the assessed value in line with the neighborhood?
The $375,000 assessment is around the average for the street and city-wide, but it is below the River Park South neighborhood average of approximately $447,200.
3. What is the recent sales history?
Records indicate the property sold between $300,000 and $350,000 in August 2020. Exact sale prices require a manual lookup request through the site.
4. How does the lot size compare?
The 4,004 sq ft lot is around average for John Forsyth Road but below the average lot size for both the River Park South neighborhood and the city of Winnipeg.
5. What is the home's age context?
Built in 1985, the home is around the average age for its immediate street and neighborhood, but is newer than the average Winnipeg home.