Property Overview: 265 John Forsyth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986-built home in River Park South presents a practical entry point into a well-established Winnipeg neighborhood. With 980 square feet of living space, the house is notably compact, ranking below average in size for its street, area, and city. However, this is balanced by a land area of 4,648 sqft, which is above average for John Forsyth Road, offering valuable outdoor space relative to many immediate neighbors.
Its primary appeal lies in its positioning as a value-conscious option. The assessed value of $353,000 sits below the local street and neighborhood averages, yet aligns closely with the wider Winnipeg average. This suggests the property may offer relative affordability within a desirable area, potentially appealing to buyers who prioritize location and lot size over interior square footage. The home’s age is typical for the area, representing the mature housing stock of this community.
This property would best suit first-time buyers, downsizers, or investors looking for a lower-priced foothold in River Park South. It’s a home for those comfortable with a cozier interior layout who see potential in the larger-than-street-average lot, whether for gardening, expansion, or simply more private outdoor space. A thoughtful perspective is that this home’s below-average metrics in a stable neighborhood might represent a chance to gain equity through strategic updates, rather than paying a premium for a turn-key property.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($353k) is for municipal tax purposes and is a starting point for market valuation. Notably, it is below the averages for both the street and the broader River Park South area, which may indicate room for market appreciation or reflect the home’s smaller size.
2. How does the home’s size compare practically?
At 980 sqft, the living area is compact. Buyers should consider if the layout efficiently meets their needs. The nearby reference property at 200 John Forsyth Road (870 sqft) shows similarly sized homes exist on the street, but many are larger, averaging 1,174 sqft.
3. What does the lot size mean for me?
The 4,648 sqft lot is a standout feature for this street, ranking in the top 13%. This means more yard space than most direct neighbors, which could be valuable for recreation, gardening, or future outdoor improvements.
4. What is known about past sale prices?
The home sold between $250,000 and $300,000 in early 2016. Exact sold prices are not publicly displayed here due to industry rules, but can be requested by email from the site provider for precise historical comparison.
5. How does this property fit within the broader Winnipeg market?
City-wide, this home is around average for assessed value and land area, but below average for living area. This highlights its positioning: you are buying a functionally standard Winnipeg property at a value price, but located within a neighborhood where property values are generally higher.