56 John Forsyth Road

River Park South, Winnipeg

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, 1 shop, 1 park, and 1 bank/ATM nearby

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)

Sold Count

1,302

Median price

451k

$/sqft

$355/sqft

Avg build year

1990

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Property score

69.4 is composed by the two sections below.

Property Score

62.2Fair
Living Area1,208 sqft66Good
Year Built198273Good
Lot Size2,604 sqft28Low
Neighbourhood Sales Activity76Good

Community Score

80.2Excellent
Household Income78Good
Education Level91Excellent
Housing Stress74Good
Core Housing Need88Excellent
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110492

Community deep dive

$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

Population, labour & age

Population (2021)544
Labour force participation rate57%
Median age44.4
Avg household size2.4
Unemployment rate0%
Population density4945 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households34%
Couple families with children19%
Median household income (2020)$83K

Housing

Renter households13%
Condominium dwellings48%
Median dwelling value (owners)$280K

Diversity, education & language

Immigrants (share of pop.)39%
Visible minority51%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 61%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,208 sqft
0255075100
Same streetTop 39%Same areaBottom 40%CitywideTop 49%
Same street · John Forsyth Road
#51 / 132
Top 39% · Avg 1,174 sqft
Same area · River Park South
#2,153 / 3,617
Bottom 40% · Avg 1,410 sqft
Citywide · Winnipeg
#95,958 / 194,458
Top 49% · Avg 1,342 sqft

Tax-Assessed Value

below average
297k
0255075100
Same streetBottom 6%Same areaBottom 2%CitywideBottom 28%
Same street · John Forsyth Road
#124 / 132
Bottom 6% · Avg 397.2k
Same area · River Park South
#3,543 / 3,617
Bottom 2% · Avg 447.2k
Citywide · Winnipeg
#139,258 / 194,458
Bottom 28% · Avg 390.1k

Year Built

around average
1982
0255075100
Same streetBottom 17%Same areaBottom 24%CitywideTop 32%

Lot Size

below average
2,604 sqft
0255075100
Same streetBottom 8%Same areaBottom 2%CitywideBottom 7%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

56 John Forsyth Road — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 109 m), 1 shopping (nearest 486 m), 1 parks (nearest 209 m).

Search radius
🏫Education1
🛒Shopping1
🌳Parks1
🏦Finance1

Crime & Safety

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%

Sales History

Sold 5/2017CA$200k–250k
Sold price

Same street

Bottom 2%

Same area

Bottom 1%

City-wide

Bottom 19%

Related homes

Highlights & common questions: 56 John Forsyth Road, Winnipeg

Property Overview: 56 John Forsyth Road, River Park South, Winnipeg

Key Characteristics & Appeal

This 1,208 sqft bungalow, built in 1982, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its value proposition. With an assessed value significantly below the averages for both its street and neighborhood, it stands out as a more affordable entry point into a well-established area. The living space is competitively sized for the locale, offering a functional footprint without a premium price tag.

The property is best suited for first-time buyers or downsizers seeking a lower-cost foothold in a mature suburb. Its compact 2,604 sqft lot means less yard maintenance, which could be a benefit for those looking to minimize upkeep. A thoughtful perspective is that while the lot is smaller than most in the area, it contributes directly to the home's lower assessment and tax burden. The data suggests you are paying primarily for the living space and location, not for extensive land. The home last sold in 2017, indicating a potential for updates, so buyers with a renovation budget or a tolerance for older finishes may find additional value here.

Frequently Asked Questions

1. Is this a good value compared to nearby homes?
Yes, the assessed value is notably lower than most comparable homes on the same street and in River Park South. This suggests the property could be priced below typical area benchmarks, offering potential savings.

2. What does the smaller lot size mean for me?
The lot is considerably smaller than area averages. This translates to less outdoor maintenance and gardening, which is a plus for some, but also means limited space for expansions, large decks, or extensive landscaping.

3. The home was built in 1982. What should I consider?
Homes from this era may have original components nearing the end of their service life, such as roofing, windows, or major mechanical systems (furnace, water heater). A thorough inspection is advised to budget for any necessary updates.

4. How accurate is the sold price data from 2017?
The site provides a sold price range from public records, not the MLS. For the exact historical sale figure, you must request a manual lookup from the site administrators, as detailed on the page.

5. How does the living area compare to other homes?
At 1,208 sqft, the living space is very close to the average for its immediate street and is a practical, mid-size footprint for the city. It is not unusually large or small for the market segment.

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