Property Overview: 249 John Forsyth Road, Winnipeg

Section 1: Key Characteristics & Buyer Profile

This home presents a practical and value-conscious opportunity in Winnipeg's River Park South neighborhood. Built in 1985, its key characteristic is a balance between a modestly sized living space and a proportionally generous lot. The 968 sqft interior is below the local averages, suggesting a manageable, efficient layout ideal for simplifying living. However, the 4,587 sqft land parcel is notably larger than most on its street, offering valuable outdoor space and potential.

Its primary appeal lies in its financial positioning. With an assessed value of $350k, it sits below the averages for its immediate street and neighborhood, yet aligns closely with the wider Winnipeg average. This creates a scenario where you may be acquiring a competitively priced property within a well-regarded area. The home suits first-time buyers seeking an affordable entry into a stable community, downsizers looking for less interior maintenance without sacrificing yard space, or value-focused investors. It’s a property where the appeal is grounded in practicality and lot potential rather than sheer size or luxury finishes.

Section 2: Frequently Asked Questions

1. Is the smaller living area a concern?
While below area averages, the efficient layout can be a benefit for those seeking lower utility costs and easier maintenance. The trade-off comes with the larger-than-average lot for the street, which expands your usable space outdoors.

2. How does the assessed value compare to likely selling price?
The assessed value of $350k is a municipal figure for tax purposes. Notably, it's below the neighborhood average but near the city average. Recent comparable sales on the street suggest a competitive market, so the final sale price will depend on current demand, condition, and amenities not captured in the assessment.

3. What does the sale history indicate?
The property sold twice in 2016 within the $300k-$350k range. This history shows price stability in that period, but it's essential to request the exact sale figures and have a professional analyze current market trends for an accurate present-day valuation.

4. Are there opportunities to add value?
The combination of a larger lot and a modestly sized home from the 1980s may present opportunities. Depending on zoning, the lot could allow for expansions like a garage, deck, or garden suite. Modernizing the interiors could also enhance its value relative to the neighborhood.

5. How does this home fit within the community?
The data shows a street of similar vintage homes (mostly built in the mid-to-late 1980s) with a mix of sizes and values. This property is not an outlier but sits comfortably within the established spectrum, offering a sense of neighborhood consistency and predictability.