Property Overview & Key Characteristics
This home at 140 Forrester Avenue in Meadowood is a modern property built in 2020, offering a turn-key opportunity with minimal upkeep required in the near future. Its primary appeal lies in its above-average living space for the immediate area, featuring approximately 1,393 square feet, which ranks it among the top homes on its street and in the wider neighbourhood. This creates a value proposition: you get a newer, spacious interior without the premium price tag often associated with brand-new builds in larger, more central markets.
However, the property presents a clear trade-off. The lot size is notably compact, even compared to other homes on Forrester Avenue, and is significantly smaller than the typical Winnipeg yard. This makes the home ideal for buyers who prioritize low-maintenance living and interior space over outdoor privacy or gardening potential. The assessed value is modest for the city, suggesting a relatively affordable entry point into a modern home, but it also sits below the average for the Meadowood area itself—a point that warrants investigation into the specific reasons.
This home would best suit first-time buyers or downsizers seeking a contemporary layout without renovation headaches, and who are comfortable with a smaller, manageable outdoor space. It’s a practical choice for those valuing efficient, modern living over a traditional large lot.
Frequently Asked Questions
1. Why is the assessed value below the Meadowood area average?
While the home is newer and spacious, its assessed value is influenced by its smaller lot size. Property assessments factor in land value, and the compact lot here likely brings the total value down compared to area homes on larger plots.
2. What does the "Elite" ranking for Year Built mean?
It indicates this is one of the newest homes not just on its street, but in the entire Meadowood neighbourhood and even city-wide. Built in 2020, it is significantly newer than the typical Winnipeg home (average year built 1966) and requires less immediate investment in major systems like roofing, windows, or heating.
3. Is the living space actually larger than average?
Yes, but context is key. The living area is larger than most homes in Meadowood and on its own street. Compared to the entire city, it is slightly above average. This means you get more interior space than many nearby neighbours, which is a standout feature for the location.
4. What are the implications of the smaller land area?
The lot is approximately 1,521 sq. ft., which means outdoor space is limited. This translates to minimal yard maintenance but also less room for additions, decks, sheds, or private gardens. It’s important to view the property in person to gauge the spacing between homes and the feel of the outdoor area.
5. How can I get the exact historical sold price?
The provided sold price is a range from public data. The listing service offers to provide the exact sale price via email upon request, which they handle manually without using your email for marketing spam. This is a common practice to ensure accuracy and verify serious inquiries.