Property Overview: 305 John Forsyth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 305 John Forsyth Road in River Park South presents a solid, middle-of-the-road option in the Winnipeg market. Built in 1985, it features 1,040 sqft of living space on a 4,227 sqft lot, with an assessed value of $394k. Its primary appeal lies in its consistency and stability. When compared to its immediate street, the home is consistently "around average" in living area, assessed value, year built, and lot size, indicating it fits seamlessly into an established, mature neighbourhood. It recently sold within the $400k-$450k range, a price point that performed well against broader area and city averages.
This property would suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a predictable investment in a settled community over standout luxury or extensive renovation projects. A less obvious perspective is that its very "averageness" on John Forsyth Road could be a strength, offering insulation from being over-improved for the street or, conversely, from being the least desirable home on the block. It represents a straightforward entry into a neighbourhood where the home's value is closely aligned with its surroundings.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 1,040 sqft, the living area is slightly below the River Park South neighbourhood average but is very typical for homes directly on John Forsyth Road itself.
2. Is the assessed value in line with recent sale prices?
The assessed value is $394k. The home sold for between $400,000 and $450,000 in July 2024, which placed it in the top 41% of sales for the River Park South area at that time, suggesting the sale price met or exceeded its assessed valuation.
3. What is the lot size, and is it typical?
The lot is 4,227 sqft. This is average for John Forsyth Road but below the wider neighbourhood average, which is common for homes on this specific street.
4. How old is this home, and what does that mean for maintenance?
Built in 1985, the home is of an age where major components like the roof, windows, and mechanical systems may be due for inspection, replacement, or have been recently updated. This is a typical consideration for homes in this vintage throughout Winnipeg.
5. Where can I find the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the precise figure by emailing the site directly for a manual lookup, which they provide as a free service.