Property Overview: 696 Mcmeans Avenue E, Winnipeg
Key Characteristics & Buyer Appeal
This 1974-built, one-storey home in Canterbury Park sits on a 3,674 sqft lot. With 900 sqft of living space, it is a compact and manageable property. A key feature is its renovated basement, which adds functional space. There is no garage or pool.
The appeal lies in its practicality and position as a relatively newer home within its immediate area—it was built later than most on its street and in Canterbury Park overall. The renovated basement offers move-in-ready potential below ground. The lot size is typical for the local street but smaller than the broader neighbourhood and city averages, resulting in lower maintenance and a proportionally lower assessed value.
This property would suit first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market. It’s for those who prioritize a modernized basement and a home that is newer than its direct neighbours over large living spaces or extensive yards. The data suggests it’s a value-conscious option in its micro-area, trading space for a potentially more efficient and updated foundation.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While smaller than the Winnipeg average, the lot is actually around the typical size for Mcmeans Avenue E itself. This often means less yard work and can be a benefit for those not wanting extensive outdoor maintenance.
2. What does "renovated basement" typically mean here?
In a home of this era and price point, this usually indicates functional updates like finished walls, flooring, and ceilings, creating a usable rec room or storage area. It’s wise to ask for specifics on the renovation's scope and permits.
3. The assessed value seems low. Does that indicate a problem?
Not necessarily. The assessed value is for municipal tax purposes and is consistently below averages for the wider area, reflecting the home's compact size and lot dimensions. It often translates to relatively lower property taxes, which is a positive for monthly budgeting.
4. Who might find the living area (900 sqft) too small?
Families needing multiple bedrooms or dedicated home-office spaces might find the main floor living area limiting. The renovated basement effectively becomes crucial for adding needed functional space.
5. How does the 1974 build year compare?
This is a notable point: while older than the city average, this home is actually newer than most on its own street and in the Canterbury Park neighbourhood. This could suggest more modern construction materials or systems compared to its immediate peers.