Property Overview & Key Characteristics
This well-situated one-storey home at 230 Forrest Avenue in Winnipeg's Jefferson neighbourhood presents a classic, compact footprint with notable updates. Built in 1921, its 620 sqft living area is surprisingly spacious for its category, ranking in the top 3% locally. The property features an attached garage and a renovated basement, adding valuable functional space. Its lot size of nearly 2,400 sqft is a significant asset, placing it in the top 4% on its street.
The primary appeal lies in its efficient use of space within a highly rated location. The home sits on a desirable, larger-than-average lot in a mature neighbourhood, offering potential for outdoor enjoyment or future expansion. Its recently renovated basement modernizes the property and adds flexibility. This home would suit first-time buyers seeking an entry point into a solid neighbourhood, downsizers looking for a manageable single-level layout with modern touches, or practical investors attracted by the combination of key updates and a strong locational ranking.
Frequently Asked Questions
1. How does the assessed value compare to recent sales?
The property's current assessed value is $21,200. It last sold in August 2017 for $18,700, which was a strong price at that time, ranking in the top 10% on its street. This suggests a history of value retention.
2. Is the living area suitable for a small family?
At 620 sqft above grade, the main floor is compact. However, the renovated basement provides additional living space, making it a practical option for a small family or couple, especially given the generous yard.
3. What is the significance of the lot size ranking?
The lot ranks in the top 4% on Forrest Avenue. This means the property offers more outdoor space than most of its immediate neighbours, which is a valuable and less common feature in older neighbourhoods.
4. How does this home compare to others in Jefferson?
The living area size ranks in the top 3% within the entire Jefferson neighbourhood, indicating this home offers more interior space than the vast majority of comparable properties. Its overall assessed value also ranks above average (top 12%) in the area.
5. What should I consider about the age of the home?
Built in 1921, the core structure is over a century old. While the renovated basement addresses a key area, potential buyers should factor in the maintenance typical of a heritage-era home, balanced against the character and established location it provides.