Property Overview: 430 Forrest Avenue, Winnipeg
Key Characteristics & Appeal
This well-positioned one-storey home in Jefferson offers a practical and above-average footprint for its immediate area. With 1,339 sqft of living space and a recently renovated basement, it provides functional, single-level living. The lot is a notable feature at over 5,500 sqft, offering generous outdoor space that is larger than most in the neighborhood. Built in 1956, it is a relatively newer home for the street and area, which may suggest fewer concerns associated with much older construction.
The appeal lies in its strong local standing. The home ranks in the top tiers for size, lot dimensions, and assessed value when compared directly to its neighbors on Forrest Avenue and within the Jefferson area. This indicates a property that outperforms local norms. The detached garage adds utility and storage flexibility.
This home would suit a buyer looking for a move-in-ready, no-stairs floorplan—ideal for downsizers, small families, or first-time buyers seeking a established neighborhood. It’s for someone who values space and a sense of value within their immediate community over a flashy city-wide profile. The renovated basement and larger lot also offer a solid foundation for future personalization or expansion.
Frequently Asked Questions
How does this home truly compare to others nearby?
The data shows it consistently ranks above average for the street and Jefferson area in key metrics like living area, lot size, and assessed value. This suggests it's a stronger-than-typical offering in its direct locale, even if it appears average in a city-wide context.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (35.20k) is for municipal tax purposes. The last sold price in early 2023 was in the 29.50k–32.50k range. Market conditions, the home's condition, and buyer demand will determine the current listing and eventual sale price.
What are the potential implications of a 1956 build date?
While newer than many area homes, a house of this age will still have core systems (like plumbing, electrical, and the roof) that are likely original or nearing the end of their service life. A thorough inspection is essential to understand upcoming maintenance.
How usable is the large lot, and are there any restrictions?
The 5,598 sqft lot is a significant asset. Buyers should check for any easements, zoning bylaws that affect expansions or outbuildings, and the health of mature trees to understand the full potential and any responsibilities that come with the space.