Property Overview: 84 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and practical value. Built in 2020, it is a notably newer construction compared to most homes in its neighbourhood and across Winnipeg, offering the benefits of contemporary building standards, energy efficiency, and minimal immediate maintenance. With 1,393 square feet of living space, it provides ample room for a small family or couple, ranking well above average for the Meadowood area.
The appeal lies in this balance: you acquire a modern, spacious interior without a premium assessed value, which sits below average for the local area. This disconnect suggests potential value, whether for long-term living or as a strategic investment. The lot size is compact (1,521 sq ft), typical for newer infill developments, which means lower yard upkeep but less private outdoor space. This profile suits first-time homebuyers, downsizers seeking a modern, low-maintenance lifestyle, or investors looking for a relatively new property in a stable neighbourhood. It’s a practical choice for those prioritizing a turn-key, modern home interior over a large garden or estate-sized lot.
Frequently Asked Questions
1. Why is the assessed value below the neighbourhood average?
This is likely due to the property's compact lot size, which is significantly smaller than the typical lot in Meadowood. Assessed values factor in land size, so while the modern house itself is valuable, the smaller parcel brings the total assessment down.
2. What are the implications of such a new home in an older neighbourhood?
You benefit from modern construction, but the home's design and lot size may differ from older houses on the street. It’s wise to consider how the property fits the community's character and to review any restrictive covenants or infill guidelines that applied during its construction.
3. The sold price history shows a range. How can I get the exact figure?
The exact sold price is not publicly listed in detail. You can request it directly via the provided email service on the listing page. They provide this data manually and typically reply by the end of the same day.
4. How does the compact lot affect living here?
It translates to very low yard maintenance, which is a plus for busy owners or those not interested in gardening. The trade-off is limited private outdoor space for activities, gardening, or expansions like a large deck or addition.
5. Is this home a good comparative value?
The data suggests it is. You get a home with top-tier rankings for living area and age locally, but it's assessed in a lower tier. This can indicate a market opportunity, though it's essential to verify this through a current market appraisal and home inspection to understand its condition fully.