Property Summary: 684 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Overview & Appeal
This 1975 bi-level home in Canterbury Park is a compact, value-oriented property. Its key characteristic is its modest scale, with 809 sqft of living space on a 3,149 sqft lot. The home’s appeal lies in its renovated basement, its position as one of the newer builds on its street (ranking in the top 15% locally for year built), and its notably low assessed value. This creates an accessible entry point into the Winnipeg market.
The property would suit practical, budget-conscious buyers such as first-time homeowners seeking a manageable starter home, or investors looking for a straightforward rental property with recent basement updates. Its below-average size and value metrics for the broader neighbourhood suggest it’s for those prioritizing financial efficiency over space. A thoughtful perspective is that a newer-built home on a well-established street can offer a balance of modern infrastructure while benefiting from the maturity of the surrounding area, which isn't always the case with infill developments.
Section 2: Frequently Asked Questions
1. Is the home move-in ready?
While the basement is noted as renovated, the listing does not specify the condition of the main living area. A thorough inspection is recommended to determine any immediate updates required.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s smaller size relative to most Winnipeg homes and is consistent with values in its immediate area. It indicates a property with lower municipal tax obligations.
3. What does the "bi-level" design mean for living space?
A bi-level typically features a split entry, with living areas spread over two levels accessed by a short staircase from the main door. The 809 sqft living area likely includes both the upper and lower levels, emphasizing efficient use of space.
4. Is there potential for expansion or adding a garage?
The lot size is smaller than the neighbourhood average but may allow for additions like a driveway or detached garage, subject to local zoning bylaws and a site survey.
5. How does the 2022 sale price relate to its current value?
The home sold for $22.3k in July 2022. Market conditions, the basement renovation, and comparable sales since that date will influence its current market value, which is distinct from the municipal assessed value for taxes.