Property Overview: 216 Forrest Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in the Jefferson neighbourhood, built in 1960. With 960 sqft of living space and a recently renovated basement, it offers efficient, manageable living. The home sits on a 3,597 sqft lot with a detached garage. Its assessed value positions it as an accessible entry point into the Winnipeg market, notably below the city-wide average for comparable homes.
The primary appeal lies in its balance of updates and practicality within a established community. The renovated basement adds functional space, while the home’s size and lot are proportionate for low-maintenance living. It suits first-time buyers seeking a turn-key starter home without a massive footprint, or downsizers looking for a single-level layout with modernized basics. A thoughtful perspective is its relative modernity within its immediate area—it’s a newer build compared to many neighbouring homes, which may mean fewer concerns over very aged infrastructure.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value is around the average for both Forrest Avenue and the wider Jefferson neighbourhood, but sits significantly below the average for the entire city. This suggests it represents a characteristic, mid-range property for this specific community.
2. What is the significance of the renovated basement?
The basement renovation adds valuable finished living space to the 960 sqft main floor, effectively increasing the home’s usable area. It’s a key modern feature that differentiates it from many homes of a similar vintage.
3. Is the lot size a constraint?
At 3,597 sqft, the lot is slightly below average for Jefferson and more compact compared to the city overall. This translates to less yard maintenance, which could be a benefit for some, but may limit extensive outdoor projects or gardening.
4. What can recent sales on the street tell us?
Nearby sales on Forrest Avenue show homes with similar assessed values but older construction years (1920s) and smaller living areas. This indicates 216 Forrest Ave may offer more modern systems and relatively more interior space for a comparable price point on the same block.
5. Who would this property not suit?
It may not fit buyers seeking a large, expansive yard, those who need substantial above-grade square footage, or investors targeting properties significantly below neighbourhood average values for high-equity margins.