Property Overview: 702 Mcmeans Avenue E, Canterbury Park, Winnipeg
Key Characteristics & Buyer Profile
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 living space to the home's 809 sqft main floor footprint. The lot size of 3,254 sqft is notably more manageable than the city average, offering lower maintenance without sacrificing outdoor space.
The primary appeal lies in its value proposition and move-in readiness due to the basement renovation. It suits first-time buyers or pragmatic investors seeking a lower-cost holding with solid fundamentals. A thoughtful perspective is that, while the living area is below average for the neighborhood, the home is newer than most on its street, potentially suggesting better initial construction quality or fewer imminent age-related updates compared to immediate peers. It’s a property for those who prioritize a sensible, updated layout over sheer size, and who see the benefit of a home that ranks as "around average" for its immediate vicinity in both land and assessed value, indicating it fits comfortably within its specific local context rather than standing out.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While below the citywide average, the lot is actually around average for Mcmeans Avenue E itself. It provides a balanced yard space that is easier and less time-consuming to maintain than a larger plot.
2. What does "renovated basement" typically mean for a bi-level of this era?
In a 1975 bi-level, a renovated basement often means the lower level has been finished into livable space, such as a family room or additional bedrooms, effectively doubling the usable area. It's a key feature that adds significant functionality.
3. How does the Year Built (1975) compare to nearby homes?
This home is newer than most on its specific street (ranking in the top 15%), but is older than the average home in the broader Canterbury Park neighborhood. This suggests it may be in a pocket of slightly older homes.
4. Why is the assessed value notably lower than the city average?
The assessed value reflects the home's smaller living area, its location in Canterbury Park where values are generally below the city average, and the specific market dynamics of its street. It is consistent with similar-sized properties in the area.
5. Who would this property not suit?
It may not suit buyers looking for a large, sprawling floor plan or a brand-new home. The living area is compact, and those needing extensive main-floor square footage or a property that stands above neighborhood averages in size may need to look elsewhere.