220 Forrest Avenue

Property Overview

This two-storey home at 220 Forrest Avenue in Winnipeg's Jefferson neighbourhood presents a specific and compelling profile. Built in 2017, it is a notably modern property in an area dominated by much older homes. With 1,182 sqft of living space and a detached garage, its key characteristics include a newer build year, efficient use of a smaller lot (2,398 sqft), and an assessed value that stands above average for its immediate area.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its modernity and low-maintenance potential within an established neighbourhood. As a home built just nine years ago, it offers contemporary construction standards, likely newer major systems (like roof, windows, HVAC), and a layout designed for modern living, all while being situated on a compact, manageable lot. This contrasts sharply with most homes on the street and in Jefferson, which average build years from the 1940s.

Its living space is efficiently sized—above average for the street but around the citywide median—making it suitable for small families, couples, or downsizers who prioritize easy upkeep without sacrificing modern comforts. The detached garage adds practical storage or workshop space. The home’s assessed value is strong for the local area, suggesting it is viewed as a premium property on its street.

This home would best suit a buyer looking for a "lock-and-leave" property or someone who wants a newer build without moving to a distant suburban subdivision. It’s ideal for those who value modern interiors and systems over a large yard. A thoughtful perspective is that this property represents an infill development, offering a turn-key solution in a mature neighbourhood where other homes may require significant renovation or updating.

Section 2: Frequently Asked Questions

1. What are the main trade-offs with this property?
The most significant trade-off is lot size. You are gaining a modern, low-maintenance home but on a much smaller parcel of land than is typical for the city or even the immediate neighbourhood. This means limited outdoor private space and potentially less distance from neighbouring homes.

2. Why is the assessed value relatively high for the area?
The assessed value reflects the home's recent construction year (2017). Newer builds with modern materials, efficient layouts, and updated systems typically command higher valuations than the older, often unrenovated homes that surround it.

3. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is likely an unfinished space suitable for storage or future development.

4. How does the sold price history from 2017 relate to today's value?
The sold price range shown (approximately $235k-$265k in early 2017) is the home's original purchase price when new. It is a historical data point and does not reflect current market value, which is influenced by nearly a decade of market changes, the home's condition, and its established assessed value.

5. What does "above average" for living area on the street but "around average" citywide mean?
It means that at 1,182 sqft, this home is larger than many on Forrest Avenue, where comparable homes average about 1,013 sqft. However, compared to all homes across Winnipeg, its size is very close to the typical (median) home, which averages about 1,342 sqft. It’s a comfortably sized home that isn’t unusually large or small for the broader market.