Property Overview: 188 Forrester Avenue, Winnipeg
Key Characteristics & Appeal
This home is defined by its modern build year and efficient use of space. Constructed in 2020, it is among the newest homes in its immediate neighborhood and across Winnipeg, offering contemporary construction and likely lower maintenance needs in the near term. With 1,393 square feet of living area, it provides above-average interior space for the Meadowood area, making it a roomy option within a suburban setting.
The appeal lies in this balance of new construction and practical space. It suits buyers prioritizing a modern, move-in-ready home without the footprint or upkeep of a larger, older property. The lot size is compact (1,521 sq ft), which translates to minimal yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle. Interestingly, while the home is new and spacious for the area, its assessed value is modest compared to many Meadowood homes, potentially representing a value proposition for a newer build.
This property would best suit first-time buyers or downsizers looking for a modern, low-maintenance home in a established neighborhood. It’s less suited for those wanting a large private yard or extensive garden space.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is compact, even for its street. This means very little exterior maintenance but also limited private outdoor space. It's ideal for those who prefer indoor living or use public parks.
2. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for tax purposes is notably lower than the city-wide average for homes and the home's last sold price range ($300k-$350k in 2020). Market price is influenced by many other factors, including the modern build year.
3. What does being a "newer" home in an older neighborhood mean?
You benefit from modern building standards, floor plans, and systems, but the home's architectural style and lot size may differ from older neighbors. It often means fewer immediate repair costs.
4. Why is the living area considered above average for Meadowood?
Many homes in the area are older and smaller. At nearly 1,400 sq ft, this home offers more interior space than approximately 87% of comparable properties in Meadowood, which is a significant local advantage.
5. How can I find out the exact historical sale prices?
The provider offers a manual service to email the exact sold price history upon request, as the public data shows only ranges. You can submit your email on the listing page to receive this detail.