Property score
35.4
Below average
Overall 35.4 · Smaller and older than most nearby homes
640 sqft (bottom 5%) · Built in 1927 (21 yrs older than avg)
Located in a average-income area with median household income of ~59.2k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 3 shops, and 5 parks nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 51%Tagalog · 20%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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35.4 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: #46110014
$59K
Median household income
$69K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
38%
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
240 Forrest Avenue — 13 amenities found within 500 m, across 5 categories, including 3 dining (nearest 223 m), 1 education (nearest 98 m), 3 shopping (nearest 225 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 8% | Bottom 9% | Bottom 6% |
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 240 Forrest Avenue in Winnipeg's Jefferson neighbourhood presents a specific, value-oriented opportunity. Built in 1927, its key characteristic is its modest scale, with 640 sqft of living space, which is notably smaller than most homes on its street, in the area, and across the city. It sits on a compact 2,398 sqft lot and features a detached garage and an unrenovated basement. The home's assessed value of $200,000 is significantly below area and city averages, reflecting its size and condition.
The appeal lies squarely in its position as an affordable entry point into the market. It suits a very specific buyer: someone seeking a low-cost footprint to customize according to their own vision and timeline, or an investor looking for a straightforward rental property. Its small size and unrenovated state mean it's not for those seeking move-in-ready comfort, but for a hands-on buyer, it offers a blank canvas without the premium price of a turn-key home. A less obvious perspective is that its compact lot and floor plan could translate to very low utility and maintenance costs, a practical advantage often overlooked.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home's relatively small size (640 sqft), its age, and the fact that the basement is noted as being unrenovated. It is priced as a foundational property, not a finished product.
2. What does "Top 92%" mean for the living area?
This statistic indicates that the home's living area is smaller than 92% of comparable homes city-wide. It's a quantifiable way of showing that this is a notably compact property, which is the primary factor in its lower price point.
3. Is the basement finished or usable?
The listing specifies the basement is "not renovated." Buyers should anticipate it being in a rough, unfinished state, suitable for storage or future development, but not as livable space in its current condition.
4. Who would this property be most suitable for?
It is best suited for a handy first-time buyer willing to take on a project over time, or for an investor seeking a rental property with a lower initial purchase price. It is less suitable for those needing ample space or a home that is immediately updated.
5. How recent are the sold price comparisons shown?
The listed sale for the home itself is from May 2017. The nearby and similarly-valued properties shown are for reference to give context on the market, but their sale dates are not specified. For precise, current sales data, contacting the listing source directly is recommended.
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