Property Summary: 48 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Meadowood offers modern living in a move-in-ready condition. Its primary appeal lies in its combination of a newer build and efficient use of space. At 1,393 sqft, the living area is notably spacious for both the immediate street and the broader Meadowood neighborhood, ranking in the top tiers locally. This suggests a well-designed floor plan that maximizes functional space.
The property is ideally suited for first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance home without the premium often attached to brand-new constructions. Its newer age (2020) means major systems like roofing, HVAC, and appliances are likely under warranty or have considerable life remaining, offering peace of mind and predictable upkeep costs.
A less obvious perspective is the lot size. While the land area is modest (1,521 sqft), ranking below average for the area and city, this translates to minimal yard maintenance—a potential benefit for those seeking a lock-and-leave lifestyle or preferring to spend less time on landscaping. The assessed value is positioned below the Meadowood average, which could indicate a value opportunity within a newer home segment, especially when compared to its above-average living space.
Frequently Asked Questions
1. What does the below-average assessed value for Meadowood indicate?
It suggests the property’s city assessment is lower than many homes in the neighborhood. This can be influenced by its smaller lot size and the assessed value not always directly reflecting current market value. It may present an opportunity for a relatively lower property tax burden compared to other homes in Meadowood.
2. How significant is the "newer build" advantage?
Built in 2020, the home is among the newest on its street and in Meadowood. This typically means modern building codes, energy efficiency, and less immediate need for costly updates or major repairs, a key advantage over the area's older housing stock.
3. Is the smaller lot size a major drawback?
It depends on your priorities. The lot is compact, which limits expansive outdoor space or large garden potential. However, it significantly reduces yard work and upkeep, which can be a desirable feature for busy professionals or those looking to minimize maintenance.
4. Who would this home not suit as well?
Buyers seeking a large yard, extensive outdoor privacy, or significant expansion potential may find the lot constraints limiting. It may also not suit those looking for a character home or established, mature landscaping.
5. How can I find out the exact historical sale price?
The provided data shows a sold price range. To obtain the precise sale price from its last transaction, you can request it via email through the listing service. They provide this detail manually and state they do not use email addresses for unsolicited marketing.