Property Overview: 256 John Forsyth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and value-conscious opportunity. With 968 sqft of living space, the house itself is notably compact, ranking below average in size for its street, neighborhood, and city. However, this is balanced by a generous 5,126 sqft lot, which is significantly larger than most on John Forsyth Road, ranking in the top 7%. The assessed value of $388k is consistently around the average benchmark at all comparison levels.
The primary appeal lies in this land-to-structure ratio. It offers a substantial, private outdoor space—a relative rarity for the area—paired with a manageable, efficient home that would be less costly to maintain, heat, and update than a larger property. It suits first-time buyers seeking an entry point into a stable neighborhood without a massive footprint, or practical downsizers who prioritize yard space over interior square footage. Investors may also see value in the lot's potential. The recent sale price (estimated between $350k-$400k) suggests it transacts at a value-conscious point within the market.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 968 sqft, the living area is compact. It's ideal for individuals, couples, or a small family comfortable with efficient use of space. The significant lot size helps offset this by providing ample room for decks, gardens, or play areas.
2. How does the value compare?
The assessed value is firmly around average for similar homes on the street, in River Park South, and across Winnipeg. The recent sold price indicates it likely traded at or slightly below this assessed value, aligning with its smaller interior.
3. What is the neighborhood like?
River Park South is an established, mature neighborhood. The data shows homes here are typically larger, so this property offers a more affordable and lower-maintenance option within that same community.
4. What are the potential upsides?
The standout feature is the lot. It's larger than most on the block, offering excellent outdoor potential. The home's efficient size also means lower ongoing utility and maintenance costs. Its age (1985) is newer than the Winnipeg city average for comparable homes.
5. How can I get the exact sale price?
The provided sold price is an estimated range. Due to industry rules, exact transaction figures are not published online here. You can request the precise sale history by email through the site for a manual lookup.