Property Overview: 244 Forrest Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 244 Forrest Avenue in the Jefferson neighborhood stands out for its modern foundation in an established area. Built in 2018, it is a notably newer construction compared to most homes on its street and across Winnipeg, offering move-in readiness and contemporary building standards. Key features include a renovated basement and a detached garage.
The primary appeal lies in its value proposition and low-maintenance start. With a living area of 861 sq ft, it provides efficient, compact living space. The assessed value is strong for the immediate area, ranking well above average on Forrest Avenue and in Jefferson. This suggests a solid investment relative to its local market.
The property would best suit first-time homebuyers, downsizers, or practical investors seeking a modern, no-fuss home in a mature neighborhood without the potential repair issues of an older house. A thoughtful perspective: while the land size is smaller than area averages, this translates to less yard upkeep—a potential benefit for those prioritizing simplicity over outdoor space. Its appeal is one of modern convenience within a community of older, character homes.
Section 2: Frequently Asked Questions
1. How does the smaller living and land area impact value?
While below the city-wide average in size, the home’s modern build year and above-average assessed value for Jefferson indicate that quality and newness are significant value drivers here, offsetting the compact footprint.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request, as it determines whether the space is finished living area, utility space, or a rental suite.
3. The sold price history shows a sale in late 2021. Why is that relevant?
The 2021 sale price provides a recent market benchmark. Comparing it to the current assessed value and any future asking price can help gauge market trends and the property’s appreciation in the area.
4. The home is much newer than its neighbors. Are there any drawbacks?
A modern home on a street of older properties can sometimes feel aesthetically different. However, it typically means greater energy efficiency and newer major systems (roof, furnace, etc.), potentially reducing near-term maintenance costs.
5. How should I interpret the strong assessed value ranking locally?
Ranking in the top 7% for assessed value on its street and in Jefferson suggests the municipality views this property very favorably compared to nearby homes, often reflecting its newer construction. It’s a useful data point, but market value is ultimately determined by current buyer demand.