Property Overview: 426 Forrest Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Forrest Avenue in the Jefferson area presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate neighborhood. While the 1,074 sqft living space is typical for the area, the property stands out with an above-average assessed value and a larger-than-standard lot of over 5,500 sqft, offering more outdoor space than many neighboring homes. The basement has been renovated, adding functional living space, and the home benefits from a detached garage.
Built in 1956, it is notably newer than many area comparables, which may suggest fewer concerns related to the age of core components. The data indicates this home consistently performs "above average" against key metrics within its local context, suggesting it is a solid, established property in its community rather than a city-wide standout.
This home would suit a first-time buyer or a downsizer looking for a manageable single-level layout in a mature neighborhood. It’s also a sensible fit for a value-focused buyer who prioritizes a generous lot size and modernized basics over a brand-new build. The strong rankings on the street and in Jefferson hint at a well-regarded, stable micro-location.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means the city's assessment of this home's value is higher than most similar properties on its street and in the wider Jefferson area. This often reflects desirable attributes like the renovated basement, lot size, and the home's condition relative to its peers.
2. Is the living space small?
At 1,074 sqft, it is slightly above the average for both Forrest Avenue and Jefferson, but below the Winnipeg city average. It is a comfortably sized home for the area, and the renovated basement effectively increases the usable living area.
3. How does the 1956 build year compare?
In this neighborhood, a 1956 build is considered newer than average. Many comparable homes were built in the 1940s, so this home may have had updates or systems installed in more recent decades.
4. What can the 2017 sale price range tell me?
The historical range (approximately $295k-$325k) provides a benchmark for past market value. Comparing it to the current assessed value and market conditions can help gauge appreciation trends, but a current professional appraisal is essential for today's value.
5. Why are you only showing a price range for past sales?
Exact sold prices are proprietary data. The provided range is based on publicly available information. To obtain the precise historical sale figure for your own analysis, you can request it via email from the site; they provide this data manually without marketing spam.