Property Overview: 331 John Forsyth Road, Winnipeg

Key Characteristics & Buyer Profile

This 1990-built home in River Park South presents a solid, middle-of-the-road offering with a few distinct advantages. At 1,052 sqft, its living space is typical for its street but slightly below the neighborhood average, suggesting a practical, manageable layout rather than an expansive one. The assessed value of $390k aligns closely with both the immediate street and city-wide averages, indicating a fairly priced entry point into the area.

The property’s primary appeal lies in its above-average land area for the street (4,534 sqft), offering more outdoor space than many direct neighbors—a valuable asset for gardening, play, or future expansion. Its construction date is also notably newer than the Winnipeg average, which can imply more modern building standards and potentially lower immediate maintenance costs compared to much of the city's older housing stock.

This home would suit first-time buyers or downsizers seeking a stable, established neighborhood without a premium price tag. It’s for those who value a bit more private yard space over a larger interior footprint and prefer a home that requires less updating than many older Winnipeg properties. It represents a pragmatic choice rather than a luxury one, offering baseline comfort and value in a consistent community.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, the last known sale on John Forsyth Road was in 2021, in the $350k-$400k range. The current assessed value of $390k sits near the top of that historical range and is almost exactly at the street’s average assessed value, suggesting its valuation is in line with the market.

2. Is the living space considered small for the area?
At 1,052 sqft, it is below the River Park South neighborhood average (~1,410 sqft). However, it is very close to the average for homes on John Forsyth Road itself (~1,174 sqft). This indicates the home is typical for its specific block but more compact than some larger homes in the wider community.

3. What are the potential implications of the larger-than-average lot?
A lot size ranking in the top 17% on the street is a significant plus. It provides more privacy, room for outdoor activities, and potential for additions like a shed, deck, or garden. It also could offer better future redevelopment potential compared to tighter lots, which is a less obvious long-term advantage.

4. The home was built in 1990. What should I consider about its age?
While newer than the city-wide average, a 1990 build means key components like the roof, windows, and major mechanical systems (furnace, water heater) may be nearing or past their typical lifespans. A thorough inspection is advised to budget for any upcoming replacements, though the construction standards are generally modern.

5. How can I verify the exact past sale price?
The public data shows a sold price range. To obtain the exact figure and full transaction history, you must request a manual lookup from the site provider via email, as they do not display MLS records directly due to industry rules. They state this service is free and that your email will not be used for marketing.