Property Overview
302 Forrest Avenue is a compact, modern one-storey home in Winnipeg's Jefferson neighbourhood. Built in 2012, it stands out as a significantly newer construction compared to most homes on its street and across the city. With 803 sqft of living space and a renovated basement, it offers efficient, low-maintenance living. The property sits on a modest 3,264 sqft lot and includes a detached garage. Its assessed value is notably strong for its immediate area, suggesting it is well-regarded relative to its older peers. The home last sold in March 2019.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its modern build within an established neighbourhood. Buyers gain the benefits of newer construction—such as updated building standards, newer mechanical systems, and likely fewer immediate repairs—without being in a brand-new subdivision. The renovated basement adds functional living space, making the smaller main floor footprint more versatile.
Its standout characteristic is the contrast between its metrics: while the living and land areas are below average for the area, its year built and assessed value are well above average. This indicates you’re purchasing not sheer size, but modern quality and condition in a mature setting. It would suit first-time buyers, downsizers, or investors seeking a turnkey property with minimal upkeep. It’s a practical choice for those who prioritize a newer, efficient home over a larger, older one that may require more attention and updating.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the lot is below average in size, it correlates with less yard maintenance—a plus for those seeking a low-maintenance lifestyle. The trade-off is less private outdoor space.
2. Why is the assessed value higher than many area homes?
The assessment strongly reflects the home’s modern age (2012) and condition compared to the predominantly mid-century housing stock in Jefferson. You are largely paying for the building’s newer infrastructure and finishes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This should be verified in a viewing to understand if it’s a finished living space, a rental suite, or primarily updated storage and utility areas.
4. How does the 2019 sale price relate to today’s value?
The 2019 sale price provides a historical benchmark, but market conditions have shifted. The current assessed value ($33.10k) is the municipality’s estimate for taxation purposes and should be compared with recent sales of similar modern, compact homes for an accurate market value.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms or large, dedicated living areas on one floor, or those desiring extensive garden space, a large garage, or an older home with character and expansion potential.