Property score
34.6
Below average
Overall 34.6 · Smaller and older than most nearby homes
548 sqft (bottom 1%) · Built in 1920 (28 yrs older than avg)
Located in a above-average income area with median household income of ~73k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 school, 2 shops, and 6 parks nearby
Living Area
Below average
47% smaller than neighborhood avg.
Year Built
Below average
28 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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34.6 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
231 Forrest Avenue — 12 amenities found within 500 m, across 5 categories, including 2 dining (nearest 212 m), 1 education (nearest 147 m), 2 shopping (nearest 182 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 1% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 231 Forrest Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1920, situated on a modest lot in the Jefferson neighbourhood. Its key characteristic is its exceptionally small size—at 548 sqft of living space, it ranks in the bottom 1% compared to homes locally and citywide. The assessed value is correspondingly low, placing it well below area averages. The home does feature a renovated basement, adding functional space. There is no garage or pool.
The primary appeal lies in its position as one of the most affordable entry points into homeownership in Winnipeg. It represents a minimal property tax burden and could suit a specific type of buyer: someone seeking an ultra-low-cost base to live in while building equity, an investor looking for a straightforward rental property with a low entry cost, or a buyer viewing it purely as a land value play in an established neighbourhood. Its recent sale history suggests it trades as a value-tier asset rather than a typical family home. This isn't a property for those needing space; its appeal is almost entirely financial and utilitarian, offering a foothold in the market with very low overhead.
Frequently Asked Questions
1. Why is the assessed value so much lower than the average home?
The assessed value reflects the property's very small size (both the building and the lot), its age, and its basic characteristics. It is consistently ranked in the bottom 3% of homes for value in its immediate area and citywide.
2. Who would this home be suitable for?
It would best suit a minimalist single person or couple, a first-time buyer prioritizing absolute lowest cost over space, or an investor. It is not suited for families or anyone requiring ample living or storage space.
3. The data shows it's "below average" in every category. Is that a bad sign?
Not necessarily for the right buyer. It confirms this is a niche, value-oriented property. Its below-average metrics in size and value are precisely what create its affordability. The key is to align expectations with the physical and financial reality of the home.
4. What does having a "renovated basement" mean for such a small house?
It significantly increases the usable space, potentially allowing for a separate living area, storage, or utilities. In a 548 sqft main floor, a finished basement is a crucial functional upgrade.
5. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale prices, you must request the exact figures via the provided email service, as the listing agent verifies and supplies those details manually.
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