Property Overview
This one-and-a-half storey home at 260 Forrest Avenue in Winnipeg's Jefferson neighbourhood presents a practical and updated living space. Its key appeal lies in offering a renovated basement and a detached garage within a well-established community. The home’s living area is notably above average for its immediate street and neighbourhood, providing more interior space than many comparable properties nearby. With an assessed value of $280,000, it sits around the average for Jefferson, suggesting a fairly priced entry point into the area.
The property would suit first-time homebuyers or practical downsizers looking for a move-in-ready home with modernized basics and no pool maintenance. It also appeals to value-conscious buyers who prioritize more interior square footage over a larger lot, as the land area is smaller than many city and neighbourhood averages. A thoughtful perspective is that while the home is newer than many on its street (built in 1954), it resides in a neighbourhood with a high proportion of older, character homes, which may influence future streetscape changes and redevelopment potential.
Frequently Asked Questions
1. How does the home’s size compare to others?
The living space of 1,226 sq ft is above average for both Forrest Avenue and the wider Jefferson neighbourhood, meaning you typically get more interior space here than in nearby comparable homes.
2. Is the assessed value a good indicator of the selling price?
The assessed value ($280k) is a municipal calculation for tax purposes. Notably, recent sold prices on the same street have been significantly lower, but for smaller, older homes. A professional market evaluation is essential to determine current market value.
3. What does a "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or permits. Buyers should inquire about the work done, when it was completed, and if it includes added bedrooms or legal secondary suites.
4. How does the lot size impact potential?
The land area of 3,598 sq ft is below the neighbourhood and city averages. This means less yard space but also lower maintenance. It may limit possibilities for large additions or pools but could be ideal for those seeking a lower-maintenance outdoor area.
5. Are sold prices on this street relevant for comparison?
Recent sales on Forrest Avenue (like 236 and 230 Forrest) were for homes built in the 1920s with about half the living area and a lower assessed value. They provide context for the street but are not direct comparables for this specific, larger, and newer property.