Property score
67.5
Good
Overall 67.5 · Larger and newer than most nearby homes
1,393 sqft (top 13%) · Built in 2020 (42 yrs newer than avg)
Located in a above-average income area with median household income of ~72k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 5 parks, and 2 sports facilitys nearby
Living Area
Above average
25% larger than neighborhood avg.
Year Built
Above average
42 yrs newer than neighborhood avg.
Mother tongue
English · 60%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
67.5 is composed by the two sections below.
Property Score
Community Score
Meadowood
How to read: Share of sales in each ~$50k price band for “meadowood” (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: #46110597
$72K
Median household income
$82K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
29%
Single-person households
22%
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
40 Forrester Avenue — 11 amenities found within 500 m, across 6 categories, including 1 dining (nearest 258 m), 1 education (nearest 402 m), 5 parks (nearest 218 m).
Meadowood · WPS public data · 2026
Annual incidents
24
2026
vs. city avg
-19%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
58%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 22% | Bottom 35% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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.
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.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
