Property Overview & Key Characteristics
This home at 96 Forrester Avenue in Meadowood is a modern property, built in 2020, that presents a specific and appealing value proposition. Its primary strengths are its new construction and efficient use of space. At 1,393 sqft, the living area is notably spacious for the immediate street and the Meadowood area, ranking in the top tiers locally. This suggests a well-designed, modern floor plan that maximizes interior space.
The appeal lies in acquiring a like-new home that requires minimal immediate upkeep, paired with above-average interior space for the neighbourhood. However, the lot size is compact at 1,521 sqft, which is significantly smaller than typical lots in Meadowood and across Winnipeg. This creates a low-maintenance yard but limits outdoor privacy and expansion potential.
This property would ideally suit first-time homebuyers, downsizers, or investors seeking a modern, turn-key property with a manageable yard. It’s for those who prioritize a new, efficient interior over a large private outdoor space. A thoughtful perspective is that the lower assessed value relative to the area may indicate a tax advantage, but the compact lot is a permanent trade-off for the modern build.
Frequently Asked Questions
1. Is this a brand-new home?
No, it was built in 2020, so it is approximately six years old. It offers the benefits of modern construction and systems without the premium or potential issues of a brand-new build.
2. Why is the assessed value lower than many area homes?
The assessed value is influenced heavily by the compact lot size, which is much smaller than the neighbourhood average. This often results in a lower assessment compared to older homes on larger lots, even if the house itself is newer and larger inside.
3. Who would this home not be a good fit for?
It would likely not suit buyers looking for extensive gardening space, outdoor recreation areas, or future additions like a large deck, garage, or home extension due to the limited lot size.
4. The sold price history shows a range from 2020. Can I get the exact price?
Yes, the exact historical sold price is available by request via email from the listing service. They provide this detail manually and state they do not use requests for unsolicited marketing.
5. How does the living area compare to other homes?
The living space is a key advantage. It is larger than most homes on its street and in the broader Meadowood area, though it is closer to the average when compared to the entire city. This indicates a spacious interior for the immediate location.