Property Overview: 441 Forrest Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a compelling mix of space, location, and value. Its key characteristic is a generous 5,648 sqft lot, placing it in the top 7% for land size on its own street. This offers significant outdoor space and potential, a notable advantage in established neighbourhoods. The 1,016 sqft living area is comfortably average for the immediate area, and the home benefits from a renovated basement, adding functional space.
The appeal lies in its strong positioning within the local context. With an assessed value of $350k, it ranks well above average for both Forrest Avenue and the wider Jefferson area, suggesting a property that stands out in its micro-market. Built in 1956, it is a newer home compared to many in the vicinity, which may imply updates or a different architectural style than much older stock.
This property would suit a buyer looking for a grounded investment in a mature neighbourhood, prioritizing lot size over sheer interior square footage. It’s ideal for someone who values outdoor room for gardening, play, or future expansion, and appreciates a home that compares favorably to its direct neighbours in terms of value and modernity. The renovated basement adds appeal for those needing flexible living or storage space without a major project.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
Citywide, its assessed value and lot size are around the middle of the pack, but its strength is hyper-local. It significantly outperforms averages on its own street and in Jefferson, indicating a premium position within a desirable enclave.
2. The sold price history shows a wide range. What does this mean?
The listed sold price ranges are estimates from public data. The significant increase between the 2020 and 2021 sales aligns with broader market trends of that period. For precise historical sale figures, you can request the exact data via the provided email service.
3. Is the above-average assessment a benefit or a drawback?
It’s a double-edged sword. It reflects the property’s strong standing and likely supports a higher market value, which is good for equity. However, it may also correlate with a relatively higher property tax burden compared to some neighbouring homes.
4. What are the implications of the “renovated basement”?
While a positive feature indicating updated living space, it’s important to clarify the scope, quality, and permits of the renovation. It adds functional area but should be inspected like the rest of the home to understand its condition and finish.
5. There’s no garage. How does this impact the property?
The lack of a garage is a trade-off for the large lot. It may limit secure parking and storage, but the sizable lot could allow for the future addition of a garage or shed, subject to local bylaws—an option not available on smaller parcels.