Property Overview: 699 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975 bi-level home in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is a renovated basement, adding valuable finished space to the 805 sqft main living area. The lot size of 3,499 sqft is modest but is actually more generous than many on its own street, offering reasonable outdoor space for the area.
The primary appeal lies in its value proposition and low-maintenance potential. With a historically low sale price and assessed value significantly below both neighbourhood and city averages, it represents a clear opportunity for budget-conscious buyers. The home suits first-time buyers seeking a foothold, investors looking for a rental property with a renovated basement suite potential, or downsizers wanting a manageable property without the premium of a newer build. A thoughtful perspective is that, while the living space is compact, its above-average year-built ranking for the immediate street suggests it may be relatively newer than many direct neighbours, potentially implying fewer immediate age-related issues than surrounding homes.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing confirms the basement is renovated but does not specify if it is a legal, separate suite. This is a crucial point to verify with the seller and the city, as it impacts rental potential and insurance.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's smaller living area, older age, and the generally more affordable property values in the Canterbury Park area compared to the wider Winnipeg average.
3. What does "bi-level" mean for this home?
A bi-level typically means you enter on a middle landing, with stairs leading directly up to the main living area and down to the lower level. This layout often provides good separation of living and sleeping/utility spaces.
4. How does the lot size compare?
At 3,499 sqft, the lot is below average for Canterbury Park and Winnipeg overall. However, it ranks in the top 52% for its own street, meaning it is actually larger than many neighbouring properties, which is a positive local differentiator.
5. What is the significance of the 2019 sale price?
The 2019 sale price of $21,900 is a historical data point and not the current asking price. It indicates the home's past market value and can be a reference point, but the current market conditions and any renovations since then will determine today's value.