Property Overview
128 Forrester Avenue is a modern, well-sized home in Winnipeg's Meadowood neighbourhood. Built in 2020, it offers the benefits of a newer construction with minimal initial maintenance. The 1,393 sqft living space is notably spacious for its immediate area and the broader Meadowood community, providing ample room for comfortable living. While the lot size is compact compared to many Winnipeg homes, this translates to less yard upkeep. The property’s assessed value is positioned below average for its street and neighbourhood, which may present an interesting value proposition depending on the listing price.
Key Characteristics & Appeal
The primary appeal of this home lies in its combination of a modern build and efficient, above-average living space within a established neighbourhood. It suits first-time buyers or downsizers seeking a newer, low-maintenance property without sacrificing interior room. It would also appeal to value-conscious buyers who prioritize a modern, move-in ready interior over a large yard. A less obvious perspective is its potential for energy efficiency and lower immediate repair costs due to its age, which can be a significant long-term savings. The compact lot, while not for everyone, offers a lock-and-leave convenience that can be ideal for busy professionals or frequent travelers.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests a mixed picture. The home is newer and larger than most in Meadowood, which are strong value adds. However, its assessed value is below average for the neighbourhood, which could indicate a competitive opportunity, but it’s essential to compare the listing price directly to recent sales of similar modern homes.
2. What are the implications of the smaller lot size?
The lot is significantly smaller than the typical Winnipeg property. This means minimal yard maintenance, but also limited private outdoor space, less potential for expansions like a large deck or garage, and closer proximity to neighbours. It’s a trade-off that suits a low-maintenance lifestyle.
3. What does the sold price history tell us?
It last sold between $250k-$300k in 2020, the year it was built. This past price is not a direct indicator of current market value, but it provides a baseline. The "exact sold price" is available by request from the site, which is necessary for a precise analysis.
4. Who would this property not suit?
It may not be ideal for buyers wanting extensive garden space, room for future additions like a large workshop or pool, or those who prefer more traditional, character-filled older homes. Families seeking vast outdoor play areas might find the lot limiting.
5. How does it rank compared to homes directly on Forrester Avenue?
On its own street, it ranks elite for living area and year built (among the newest and largest), but below average for assessed value and slightly above average for lot size. This indicates it’s a standout, modern home on a street with a variety of older and potentially smaller properties.