Property score
36.2
Below average
Overall 36.2 · Smaller and older than most nearby homes
553 sqft (bottom 1%) · Built in 1932 (16 yrs older than avg)
Located in a above-average income area with median household income of ~73k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 2 shops, and 5 parks nearby
Living Area
Below average
46% smaller than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 18%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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36.2 is composed by the two sections below.
Property Score
Community Score
Jefferson
How to read: Share of sales in each ~$50k price band for “jefferson” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110015
$73K
Median household income
$77K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
31%
Single-person households
23%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
215 Forrest Avenue — 12 amenities found within 500 m, across 5 categories, including 3 dining (nearest 155 m), 1 education (nearest 177 m), 2 shopping (nearest 115 m).
Jefferson · WPS public data · 2026
Annual incidents
40
2026
vs. city avg
+36%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
80%
215 Forrest Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 215 Forrest Avenue presents a highly specific opportunity in Winnipeg's Jefferson neighbourhood. Its key characteristic is its exceptionally low assessed value, which places it in the bottom 1-2% of homes citywide. At 553 square feet, the living space is notably compact, ranking it among the smallest properties in the area. The home, built in 1932, sits on a modest lot and features an unrenovated basement and a detached garage.
The primary appeal lies in its position as a minimal-entry point into homeownership. It is not a move-in-ready showhome but a foundational asset—a basic structure on its own land. This would suit a very hands-on buyer, such as an investor looking for a long-term hold rental, a contractor seeking a live-and-renovate project, or a minimalist buyer whose primary goal is securing land and a roof at the absolute lowest possible price point. Its value is almost entirely in the lot and the potential it represents, rather than in its current condition or size.
Frequently Asked Questions
1. Why is the assessed value so low compared to nearby homes?
The assessed value reflects the property's very small size (553 sq ft), its age, and the stated condition of features like the unrenovated basement. It is priced as a land-value proposition with a structure, not as a comparable finished dwelling.
2. Is this a "tear-down" property?
While its size and condition might suggest that, it is a functioning house. The decision to renovate or rebuild would depend on a buyer's budget, the feasibility of additions, and local zoning bylaws. Its value makes a complete rebuild a more financially plausible consideration than with a standard-priced home.
3. What are the major immediate costs a buyer should anticipate?
Beyond any purchase price, buyers should budget for essential systems updates (roof, wiring, plumbing), addressing the unrenovated basement, and general modernization. The low entry cost is balanced by the near-certainty of required investment.
4. How does the small lot size impact future plans?
The lot is smaller than average for the area, which may limit possibilities for large additions, detached structures, or extensive landscaping. Any expansion plans would need to be carefully designed within the existing footprint.
5. Could this be a good rental property?
Its low assessed value could translate to a lower property tax burden, improving cash flow potential. However, its small size and condition would likely attract a specific tenant market, and significant repairs may be required to make it rent-ready and compliant with standards.
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