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, 1 shop, 1 park, 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
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).
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 2% | Bottom 1% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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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