Property score
44.7
Below average
Overall 44.7 · Older than most nearby homes
998 sqft (bottom 49%) · Built in 1914 (34 yrs older than avg)
Located in a average-income area with median household income of ~59.2k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 3 shops, and 5 parks nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Below average
34 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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44.7 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
242 Forrest Avenue — 13 amenities found within 500 m, across 5 categories, including 3 dining (nearest 231 m), 1 education (nearest 98 m), 3 shopping (nearest 232 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 & Key Characteristics
This one-storey home at 242 Forrest Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, no-frills opportunity. Its key appeal lies in being an affordable entry point into homeownership, with a very low assessed value that places it well below average for the street, area, and city. The house itself is compact at 998 sq ft, features a basement (not renovated), and sits on a modest lot. Built in 1914, it is notably older than most comparable properties.
The property would primarily suit a specific type of buyer: a hands-on purchaser looking for a functional starter home or investment property who is comfortable with a project. Its low tax assessment is a double-edged sword, indicating affordability but also suggesting the home may not have seen significant modern updates. It’s not a fit for those seeking move-in-ready finishes, a large yard, or modern amenities like a garage or pool. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—its value is tightly linked to the land and location rather than the structure itself, appealing to those who see potential in the fundamentals.
Frequently Asked Questions
1. What does the low assessed value actually indicate?
It primarily indicates a lower property tax burden, which is a benefit. However, it also strongly suggests that the home has not undergone major renovations or additions that would increase its official valuation, so buyers should budget for potential updates.
2. Is the living space sufficient for a small family?
At just under 1,000 sq ft, the living area is manageable but compact. It is around average for the immediate street but below the city average. It would require efficient use of space and likely makes the unfinished basement an important area for potential future expansion.
3. How significant is the age of the home (1914)?
Very significant. Being over 110 years old means potential concerns with older building materials, plumbing, electrical systems, and insulation should be top priorities for a home inspection. This is a key factor behind its valuation.
4. The sold price history shows a range of $15.5k–$18.5k in 2020. Is that accurate?
The listed range is based on public data. For the exact historical sold price, you must request it directly via the email service provided on the listing page. This is a common practice for precise sales data in some regions.
5. What are the implications of the lot size being below average?
The lot is smaller than most in the area, which limits outdoor space and potential for expansions like a large addition or garage. However, it also means less maintenance, which can be a positive for some buyers.
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