Property Overview: 56 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Meadowood offers modern living with minimal upkeep in its near future. Its primary appeal lies in its contemporary construction and efficient use of space. At 1,393 sqft, the living area is notably spacious for the immediate street and the broader Meadowood area, ranking in the top tiers locally. This suggests a well-proportioned home that avoids feeling cramped.
The property is ideally suited for first-time buyers or downsizers seeking a modern, low-maintenance home without the premium often attached to brand-new builds. It also appeals to pragmatic buyers who prioritize interior space and recent construction over a large yard, as the lot is compact compared to most in the city and even the neighbourhood. The assessed value is modest relative to the Winnipeg city average, potentially indicating an accessible entry point into a newer home, though it sits below the average for Meadowood itself—a point for savvy buyers to explore.
A less obvious perspective is the home’s statistical standing: it’s a distinctly newer property in an area of mostly older homes (ranking in the top 1% for year built in Meadowood). This offers modern infrastructure and efficiency but may contrast with the established character of the surrounding community. The data suggests you are buying primarily the structure itself, with the land playing a smaller role in the property’s footprint and value proposition.
Frequently Asked Questions
1. Why is the assessed value relatively low for a home built in 2020?
The assessed value is influenced by many factors, including lot size. This home has a significantly smaller land area than most in Meadowood and Winnipeg, which affects its overall valuation. It’s important to distinguish between municipal assessment for tax purposes and current market value.
2. What does the "top tier" ranking for living area actually mean?
It means that compared to other homes on Forrester Avenue and in the Meadowood area, this home’s interior square footage is larger than the vast majority. You are getting above-average living space for this specific location.
3. Are there any major upcoming maintenance costs given its age?
As a home built just six years ago, it likely remains within the warranty period for major components like the roof, foundation, and appliances. This can offer significant peace of mind and cost predictability for the next several years.
4. How might the small lot size affect me?
The compact lot (1,521 sqft) means minimal yard maintenance, which is a plus for those seeking a lock-and-leave lifestyle. However, it may limit options for expansions like large decks, sheds, or extensive gardening. Outdoor privacy could also be different than on a larger lot.
5. Where can I see the exact historical sale price?
The precise sale price from its 2020 transaction is not displayed publicly due to data sourcing. You can request this information directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.