Property Overview
This home at 100 Forrester Avenue in Winnipeg's Meadowood neighbourhood presents a specific and compelling profile. Built in 2020, it is a notably modern property in a city and area where most homes are decades older. Its primary appeal lies in its contemporary construction and efficient use of space, offering a 1,393 sqft living area that is spacious for its immediate area and street. This combination suggests a turn-key home with modern systems and finishes, likely requiring minimal immediate upkeep.
The property’s characteristics point to a specific buyer fit. It would suit a professional, small family, or downsizer who prioritizes a modern, low-maintenance home in a mature neighbourhood, over a larger lot size. The lot is compact (1,521 sqft), which means minimal yard work but also limited private outdoor space—a worthwhile trade-off for the right buyer. The assessed value is modest relative to the city-wide average, potentially indicating a more accessible entry point for a newer build, though property taxes would be based on this figure. The appeal is for a practical buyer seeking quality and modernity within the home's walls, rather than extensive land.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built actually mean?
It means this home is among the newest in its comparison groups. On its own street and in Meadowood, it is in the top 1-2% by build year, and it's newer than about 97% of homes city-wide. This is a significant advantage in terms of modern building codes, energy efficiency, and likely having newer major components like the roof, furnace, and windows.
2. The lot size ranking seems low. Is that a major concern?
It depends on your lifestyle. The lot is smaller than most in Meadowood and significantly smaller than the Winnipeg average. This translates to very low yard maintenance, which many appreciate. However, it also means limited space for additions, large gardens, or extensive private outdoor recreation. The value here is in the home itself, not the land.
3. How can the assessed value be so much lower than the city-wide average?
The city-wide average assessed value includes homes of all types, sizes, and ages across all neighbourhoods. This home's assessment reflects its specific attributes: a compact lot in a neighbourhood with generally lower assessments than, for example, newer suburban developments or riverfront areas. A lower assessment can mean relatively lower property taxes, which is a positive for ongoing costs.
4. The home sold in 2020. What can that price history tell me?
The sold price range (CA$250k–300k) from its original sale gives you a baseline from when it was brand new. Comparing that to its current listing price will help you gauge market appreciation. For the exact sale price to refine your analysis, you can request it via email from the listing service.
5. Who would this home NOT be ideal for?
It may not suit buyers who prioritize a large, private yard for gardening or children's play, or those looking for a fixer-upper or a property with significant "sweat equity" potential. The compact, modern design also suggests a more efficient layout rather than expansive, traditional room separations.