227 Forrest Avenue

Property Overview: 227 Forrest Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a spacious lot in Jefferson presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1951 build. With 884 sqft of living space, it is a comfortably sized home that ranks around average for its immediate street and neighborhood, but sits below the citywide average, indicating a more modest and affordable scale.

The primary appeal lies in its value proposition and potential. The assessed value is notably below the city average, suggesting an accessible entry point into the Winnipeg market. The renovated basement adds immediate functional space without the need for initial work. The lot size is generous for the area, offering valuable outdoor space or future expansion potential relative to nearby properties. This home would suit first-time buyers seeking a manageable, no-fuss starter home, or practical investors looking for a rental property with a solid baseline condition. It’s a property for those who prioritize lot size and foundational upgrades over square footage or modern aesthetics.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 884 sqft, the living area is typical for Forrest Avenue and the Jefferson neighborhood, but is considered below average compared to homes across the entire city. This reflects its efficient, compact layout.

2. What does the assessed value indicate?
The assessed value is around average for the immediate area but falls in the lower third citywide. This typically signals a more affordable purchase price relative to the broader market, which can be attractive for budget-conscious buyers.

3. Has the property been updated recently?
The listing confirms the basement has been renovated. For specifics on the renovation’s age, quality, or updates to other major systems (roof, plumbing, electrical), a professional home inspection is recommended.

4. What is the neighborhood like?
Located in Jefferson, the property is on a street with homes of similar vintage and value. Recent sales data on the block shows activity, suggesting it is an established, active neighborhood.

5. Where can I find exact historical sale prices?
Exact sold prices are not publicly displayed in the provided data. The listing service offers to provide this precise history manually via email upon request, as noted in the details.