Property Overview: 309 John Forsyth Road, Winnipeg

Key Characteristics & Appeal

This 1,040 sqft bungalow, built in 1985 on a 4,227 sqft lot in River Park South, presents a practical and competitively positioned home. Its primary appeal lies in its solid value proposition and established neighborhood setting. The home's assessed value of $416k is notably above the street average, suggesting it is a well-regarded property on its block, yet it remains around the average for the wider Winnipeg market. This creates an interesting dynamic: it offers a sense of premium within its immediate surroundings without a premium city-wide price tag.

The living space is modest, slightly below the neighborhood average, which points to an efficient, lower-maintenance footprint ideal for first-time buyers, downsizers, or investors. The lot size follows a similar pattern—manageable for upkeep but smaller than many in River Park South. This isn't a sprawling property; its strength is in its balance and positioning. A thoughtful perspective is that its above-average valuation on a street of similar-aged homes could indicate specific updates, a desirable layout, or a prime lot location on the block that may not be immediately obvious from the raw data.

This property would best suit buyers looking for an entry point into a stable neighborhood without overextending, or those seeking a manageable home that has held its value well relative to its direct peers. It’s a home that leans into practicality and community over sheer size.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
It last sold between $350k-$400k in August 2020. With a current assessed value above the street average, its market position appears to have strengthened. For precise, verified sale figures, a manual lookup can be requested.

2. Is the living space smaller than most homes in the area?
Yes, at 1,040 sqft, it ranks below the River Park South neighborhood average (1,410 sqft). However, it is close to the average for its specific street, indicating the homes on John Forsyth Road tend to be more compact and consistent in size.

3. What does the assessed value ranking tell me?
Ranking in the top 28% on its street for assessed value means it is valued higher than most comparable homes on the block. This often reflects factors like condition, improvements, or lot desirability relative to immediate neighbors.

4. Is the lot size a disadvantage?
The lot is smaller than the neighborhood average, which means less yard maintenance but also less private outdoor space. It is very close to the average lot size for the street itself, so it is typical for the immediate area.

5. How can I get exact historical sold prices for this property?
The provided sold price is an estimated range. Due to data source rules, exact MLS sale figures are not displayed. You can request the full transaction history and exact figures via email, which will be provided manually.