Property score
66.8
Good
Overall 66.8 · 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 74.0 · 4-min walk to transit with 2 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
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66.8 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
48 Forrester Avenue — 11 amenities found within 500 m, across 6 categories, including 1 dining (nearest 261 m), 1 education (nearest 395 m), 5 parks (nearest 206 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 33% | Bottom 29% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 48 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Meadowood offers modern living in a move-in-ready condition. Its primary appeal lies in its combination of a newer build and efficient use of space. At 1,393 sqft, the living area is notably spacious for both the immediate street and the broader Meadowood neighborhood, ranking in the top tiers locally. This suggests a well-designed floor plan that maximizes functional space.
The property is ideally suited for first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance home without the premium often attached to brand-new constructions. Its newer age (2020) means major systems like roofing, HVAC, and appliances are likely under warranty or have considerable life remaining, offering peace of mind and predictable upkeep costs.
A less obvious perspective is the lot size. While the land area is modest (1,521 sqft), ranking below average for the area and city, this translates to minimal yard maintenance—a potential benefit for those seeking a lock-and-leave lifestyle or preferring to spend less time on landscaping. The assessed value is positioned below the Meadowood average, which could indicate a value opportunity within a newer home segment, especially when compared to its above-average living space.
Frequently Asked Questions
1. What does the below-average assessed value for Meadowood indicate?
It suggests the property’s city assessment is lower than many homes in the neighborhood. This can be influenced by its smaller lot size and the assessed value not always directly reflecting current market value. It may present an opportunity for a relatively lower property tax burden compared to other homes in Meadowood.
2. How significant is the "newer build" advantage?
Built in 2020, the home is among the newest on its street and in Meadowood. This typically means modern building codes, energy efficiency, and less immediate need for costly updates or major repairs, a key advantage over the area's older housing stock.
3. Is the smaller lot size a major drawback?
It depends on your priorities. The lot is compact, which limits expansive outdoor space or large garden potential. However, it significantly reduces yard work and upkeep, which can be a desirable feature for busy professionals or those looking to minimize maintenance.
4. Who would this home not suit as well?
Buyers seeking a large yard, extensive outdoor privacy, or significant expansion potential may find the lot constraints limiting. It may also not suit those looking for a character home or established, mature landscaping.
5. How can I find out the exact historical sale price?
The provided data shows a sold price range. To obtain the precise sale price from its last transaction, you can request it via email through the listing service. They provide this detail manually and state they do not use email addresses for unsolicited marketing.
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