Property Overview: 508 John Forsyth Road
Key Characteristics & Buyer Appeal
This two-storey home in Dakota Crossing, built in 2004, stands out for its modern age and above-average living space. With 1,591 sqft of living area, it offers more room than most homes on its street and across Winnipeg, positioning it well for growing families or those who value spaciousness. The home features a renovated basement and a detached garage. Its 2004 construction date is a significant advantage, making it one of the newest homes in the immediate area, which often translates to fewer major maintenance concerns and modern building standards.
The appeal here is one of practical, move-in-ready space in a well-established neighbourhood. It suits buyers looking for a home that doesn’t require immediate updates and who prioritize interior square footage over a large yard, as the lot is more compact compared to area averages. The strong historical sale price performance suggests it has held its value well. This property is ideally suited for professionals or young families seeking a modern, low-maintenance home with room to grow, without the premium often attached to brand-new constructions.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots in Dakota Crossing and city-wide, this often results in less yard maintenance. The trade-off favors more living space on a newer, efficiently used parcel.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes a separate entrance or additional bedrooms.
3. Why is the Year Built ranking so significant?
Ranking in the top 1% for year built on its street means this is essentially the newest home in its direct peer group. This can be a major advantage for roof, window, HVAC, and major system longevity compared to older neighbourhood homes.
4. How should I interpret the assessed value versus recent sale price?
The current assessed value is $48.10k, but the home sold for $510k in 2022. In Manitoba, assessed value is for municipal tax purposes and is typically much lower than market value. The 2022 sale price is a far more relevant indicator of current market value.
5. What is the neighbourhood character of Dakota Crossing?
Dakota Crossing is a mature, family-oriented neighbourhood in Winnipeg. The presence of many older homes alongside newer ones like this property indicates an area with stable roots that is also attracting updates and new residents.