Property Overview
352 John Forsyth Road is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1991, it presents a practical opportunity in a mature, established area. The home’s assessed value is in line with local averages, suggesting a fair market positioning without significant premium or discount.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficient scale and established location. With 979 sqft of living space, the home is notably cozier than many in the neighborhood and city-wide, positioning it as a lower-maintenance option. This smaller footprint could be a benefit for first-time buyers, downsizers, or investors seeking a manageable property. The lot size of 4,419 sqft is above average for its immediate street, offering decent outdoor space relative to nearby homes.
Its value proposition is grounded in stability. The assessed value of $405k is consistent across street, neighborhood, and city comparisons, indicating it's priced appropriately within its context. The home sold between $450k-$500k in late 2023, a price point that was in the top tier for the street, suggesting the street itself is a desirable micro-location within River Park South.
This property would best suit practical buyers who prioritize location and lot size over interior square footage. It’s a candidate for someone looking to enter the neighborhood without a premium price for a larger home, or for an investor considering the long-term value of a standard lot in an established area. Its newer construction date relative to many Winnipeg homes is a subtle plus, potentially implying fewer immediate major repairs.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 979 sqft, the living area is below the average for River Park South (1,410 sqft) and Winnipeg overall (1,342 sqft). This makes it a more compact home, which can mean lower utility costs and less upkeep.
2. How does the assessed value compare to the recent sale price?
The home is assessed at $405k. It sold for between $450k and $500k in October 2023. This sale price was in the top 5% for the street historically, indicating strong demand for properties on this specific block.
3. What are the less obvious factors to consider here?
Consider the balance between lot size and house size. You're getting an above-average lot for the street but a below-average house. This could be ideal for someone who values yard space, or it could represent a future renovation opportunity relative to other homes on the block.
4. How does the year built affect this property?
Built in 1991, the home is newer than the Winnipeg city average (1966). In practical terms, this often means building materials and systems (like wiring) are more modern, which can reduce the likelihood of some costly, age-related issues common in older Winnipeg homes.
5. Where can I get verified sale price data for this home?
The site's sold price data is compiled from public online sources, not the MLS. For the exact, verified sale price and full transaction history, you must request a manual lookup via email from the site provider, as MLS rules prevent them from displaying that data directly.