Property Overview: 356 John Forsyth Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 940 sqft home, built in 1991, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in offering solid value and a manageable footprint. The assessed value of $387k is very close to the city-wide average, suggesting a fairly priced entry point into a stable area.
The home’s characteristics paint a clear picture: it is a smaller, well-situated property on a decent-sized lot. While the living space is below average for the street, neighborhood, and city, the lot size is above average for John Forsyth Road itself. This combination could suit a first-time buyer, a downsizer, or an investor looking for a lower-maintenance property without sacrificing outdoor space. The 1991 build date is newer than most Winnipeg homes, potentially meaning fewer immediate concerns with major aging components compared to much older stock.
A thoughtful perspective is that this property represents a balance. You're not paying a premium for above-average square footage, but you are acquiring a relatively newer home on a lot that is generous for its immediate street context. It’s a home that prioritizes lot over living area, which may align perfectly with buyers who value a private yard or garden space more than expansive indoor rooms.
Section 2: Frequently Asked Questions
1. Is the price fair compared to recent sales?
Based on available data, the home last sold between $350k-$400k in April 2021. Its current $387k assessment aligns closely with that range and sits around the city-wide average, indicating the asking price is likely grounded in recent market activity.
2. How does the smaller living area impact value?
The below-average square footage is a key factor in its pricing. It positions the home as a more affordable option in the area, likely appealing to those seeking lower utility costs and less space to maintain, but may not suit those needing room for a growing family.
3. What are the advantages of the lot size?
At 4,419 sqft, the lot is larger than most on John Forsyth Road. This is a standout feature, offering more potential for outdoor enjoyment, gardening, or future expansions like a shed or deck, compared to neighboring properties.
4. What does "newer than average" for the build year mean?
Built in 1991, the home is newer than approximately 78% of comparable properties city-wide. This often suggests systems (like roofing, windows, or plumbing) may have more modern standards and potentially longer lifespans before requiring major updates, though a specific inspection is essential.
5. How can I verify the exact historical sold prices?
The website notes that due to industry rules, precise MLS sale histories are not displayed publicly. They offer a manual lookup service where you can request exact figures via email, which they will provide without using your contact information for marketing.