69.4
Good
Property score
69.4
Good
Overall 69.4
Older than most nearby homes
1,208 sqft (bottom 40%)
Built in 1982 (8 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, 2 parks, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
14% smaller than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 61%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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69.4 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110492
$83K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
34%
Single-person households
19%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
46 John Forsyth Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 122 m), 2 parks (nearest 209 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 3% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 46 John Forsyth Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1982-built home in River Park South presents a distinct value-oriented profile. With 1,208 sqft of living space, its size is very typical for the street and broadly average for Winnipeg. The primary appeal lies in its financial positioning: the assessed value of $289k is notably below averages for both the immediate street and the wider neighborhood. This suggests a potentially lower property tax burden and an accessible entry point into the established, family-friendly River Park South area.
The home would suit practical, value-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize location and fiscal efficiency over lot size or a newer build. It’s a property that offers community stability without the premium price tag often found there. A thoughtful perspective is that its smaller, more manageable lot (2,584 sqft) translates to less maintenance, which can be a significant hidden benefit for those seeking a simpler lifestyle. However, the data clearly indicates trade-offs: the lot size is among the smallest in the area, and the home is older than many on its street, so buyers should be prepared for the character and potential update needs of a 40-year-old home.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. A below-average assessment often reflects specific characteristics like lot size, home age, and interior features. It primarily indicates a likely lower property tax bill compared to neighbors, which is an ongoing financial advantage.
2. How does the lot size impact living here?
The lot is significantly smaller than area averages, meaning a compact backyard. This limits extensive landscaping or large outdoor projects but minimizes yard work and upkeep.
3. The home sold between $250k-$300k in 2019. What does that tell us?
This recent sale price aligns with the current assessed value, suggesting stability and that the assessment is grounded in actual market history. It provides a concrete benchmark for value.
4. The home is older than most on the street. What should I consider?
Built in 1982, it is a few years older than the street average. Prospective buyers should pay close attention to the condition and age of major systems (roof, windows, furnace) that may be nearing or past typical lifespans.
5. How does this property compare to others in River Park South?
It offers a cost-effective way to get into the neighborhood. You get similar interior space but on a smaller parcel and in an older home than many, resulting in the lower value. It’s a classic example of trading certain features for location and affordability.
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