Property Summary: 52 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its modern age and efficient layout. Built in 2020, it is one of the newest homes on its street and in the broader Meadowood area, offering move-in readiness with the benefits of contemporary construction standards and systems. With 1,393 square feet of living space, it provides above-average roominess for the neighbourhood, ranking in the top tier locally. This combination of new construction and practical square footage is its primary appeal.
However, the property’s context requires a balanced view. The lot size is compact, typical for newer infill developments but significantly smaller than the established average for both Meadowood and the city overall. This translates to minimal outdoor private space. The home’s assessed value is notably lower than area averages, which may reflect this smaller lot, specific market conditions at its last assessment, or its interior finish level. Recent sale history shows steady appreciation.
This property would best suit buyers who prioritize a modern, low-maintenance home in a convenient location and do not require a large yard. It’s ideal for professionals, small families, or downsizers seeking a newer build without the premium of a brand-new custom home. A thoughtful buyer will value the modern infrastructure while being comfortable with a more urban, low-landscape footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
Property assessments in Manitoba are based on a mass appraisal system for taxation purposes and often lag behind current market values, especially for recently sold homes. The sold price is a clearer indicator of its present market worth.
2. What does the "top tier" ranking for living area actually mean?
It means that, compared to other homes on Forrester Avenue, this house has more living space than approximately 98% of them. Within Meadowood, it has more space than about 87% of comparable properties.
3. Are there any concerns with a lot size that ranks "below average"?
It primarily means less private outdoor space for gardening, play, or entertaining. It does not necessarily indicate a problem, but it’s a key trade-off for the newer home. You should verify setback rules and the potential for overlooking from neighbouring properties.
4. As a newer build, what should I investigate regarding construction?
While newer homes have modern components, it’s wise to review the builder’s reputation, understand the remaining warranty coverage (typically on major systems), and still consider a thorough inspection to identify any shortcuts or settling issues common in the first few years.
5. The data shows sales in 2020 and 2024. What might this indicate?
The two sales in a short period could reflect an initial investor/flipper, a builder’s sale followed by a resident owner’s resale, or a personal circumstance change. Requesting the full listing history and exact sale prices can clarify the story behind the turnover.