Property Overview: 745 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home, built in 1975, presents a practical and affordable entry point into Winnipeg’s housing market. Its key appeal lies in its balance of a recent basement renovation and a manageable scale, situated on a quiet street in Canterbury Park. With 827 sqft of living space and a detached garage, it suits buyers seeking a low-maintenance, single-level layout.
The property stands out for its lot size relative to the immediate area. While the land area is below average for the city overall, it ranks in the top 15% for newer construction on its own street, suggesting the home is younger than many of its closest neighbors. This is a thoughtful point for buyers who prioritize a more modern build within an established community. The assessed and recent sale values are consistently around the average for the street, indicating stable and predictable pricing without the premium of a larger or fully updated home.
This home would best suit first-time buyers, downsizers looking for a manageable property without stairs, or investors seeking a straightforward rental property with recent updates to the basement. Its value is grounded in essentials rather than luxury, offering a solid foundation in a convenient location.
Section 2: Frequently Asked Questions
1. Is the basement renovation a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal secondary suite with a separate entrance and kitchen. Buyers should verify the permits and nature of the renovation with the seller.
2. How does the property’s value compare?
The home’s assessed value is around average for Mcmeans Avenue E but below the average for the broader Canterbury Park neighborhood and Winnipeg overall. This suggests it offers a value-oriented position on its specific street.
3. What are the annual property taxes?
Taxes are not listed but can be estimated by multiplying the assessed value ($28,600) by the current City of Winnipeg mill rate. A buyer’s real estate agent can provide an exact calculation.
4. Is the lot size a disadvantage?
At just under 3,000 sqft, the lot is smaller than typical city lots. This means lower outdoor maintenance but also limited space for expansions, large gardens, or additions. For those wanting a compact yard, it’s an advantage.
5. Why is the year built considered “above average” for the street?
Built in 1975, this home is newer than most on its block, where comparable homes average a 1968 build year. This is a relative advantage for systems, layout, and potentially less need for major foundational updates compared to older neighbors.