Property Overview
40 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 contemporary building standards and minimal immediate maintenance. The home's primary appeal lies in its generous 1,393 sqft living area, which is notably spacious for its street and local area, providing ample room for comfortable living. Its assessed value is positioned well above average for the immediate street, suggesting a solid perceived worth in its most direct comparison.
This property would suit first-time buyers or young families looking for a move-in-ready, modern home without the concerns of older infrastructure. It's also a practical choice for those who prioritize interior space over a large yard, as the lot size is more compact compared to many other homes in the wider city.
A less obvious perspective is its positioning within the market: it’s a home that excels in specific, modern metrics (like year built and living area) on its own street and in Meadowood, but offers a different value proposition when compared to the typical, larger-lot homes found across Winnipeg. It represents a trade-off—opting for a newer, efficiently designed property within a established community.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The land area of 2,470 sqft is significantly smaller than the Winnipeg city-wide average. This means lower exterior maintenance but also less private outdoor space than you might find in many other neighbourhoods.
2. What does the "Elite" ranking for Year Built mean?
It indicates this home is among the newest 1-3% of homes when compared to its street, the Meadowood area, and the entire city. You are getting a property with modern materials, systems, and likely better energy efficiency than most of the market.
3. Why is the assessed value higher on its street than in the broader area?
The assessment is above average for Forrester Avenue itself, likely reflecting the home's newer age and larger living area compared to its immediate neighbours. It aligns more closely with the average when compared to all of Meadowood and Winnipeg.
4. Is the sold price history available?
Exact sold prices are not publicly listed. The provided range is based on public data estimates. You can request the precise sale history by email, which will be provided manually without marketing spam.
5. Who would this property not be ideal for?
It may not suit buyers looking for extensive garden space, outdoor entertaining areas, or those who prefer the character and renovation potential often found in older homes. The value is in the interior and the build, not in the land.