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
56 Forrester Avenue — 11 amenities found within 500 m, across 6 categories, including 1 dining (nearest 264 m), 1 education (nearest 388 m), 5 parks (nearest 195 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 Overview: 56 Forrester Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Meadowood offers modern living with minimal upkeep in its near future. Its primary appeal lies in its contemporary construction and efficient use of space. At 1,393 sqft, the living area is notably spacious for the immediate street and the broader Meadowood area, ranking in the top tiers locally. This suggests a well-proportioned home that avoids feeling cramped.
The property is ideally suited for first-time buyers or downsizers seeking a modern, low-maintenance home without the premium often attached to brand-new builds. It also appeals to pragmatic buyers who prioritize interior space and recent construction over a large yard, as the lot is compact compared to most in the city and even the neighbourhood. The assessed value is modest relative to the Winnipeg city average, potentially indicating an accessible entry point into a newer home, though it sits below the average for Meadowood itself—a point for savvy buyers to explore.
A less obvious perspective is the home’s statistical standing: it’s a distinctly newer property in an area of mostly older homes (ranking in the top 1% for year built in Meadowood). This offers modern infrastructure and efficiency but may contrast with the established character of the surrounding community. The data suggests you are buying primarily the structure itself, with the land playing a smaller role in the property’s footprint and value proposition.
Frequently Asked Questions
1. Why is the assessed value relatively low for a home built in 2020?
The assessed value is influenced by many factors, including lot size. This home has a significantly smaller land area than most in Meadowood and Winnipeg, which affects its overall valuation. It’s important to distinguish between municipal assessment for tax purposes and current market value.
2. What does the "top tier" ranking for living area actually mean?
It means that compared to other homes on Forrester Avenue and in the Meadowood area, this home’s interior square footage is larger than the vast majority. You are getting above-average living space for this specific location.
3. Are there any major upcoming maintenance costs given its age?
As a home built just six years ago, it likely remains within the warranty period for major components like the roof, foundation, and appliances. This can offer significant peace of mind and cost predictability for the next several years.
4. How might the small lot size affect me?
The compact lot (1,521 sqft) means minimal yard maintenance, which is a plus for those seeking a lock-and-leave lifestyle. However, it may limit options for expansions like large decks, sheds, or extensive gardening. Outdoor privacy could also be different than on a larger lot.
5. Where can I see the exact historical sale price?
The precise sale price from its 2020 transaction is not displayed publicly due to data sourcing. You can request this information directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.
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