Property Overview: 798 Mcmeans Avenue E, Canterbury Park, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1977, situated on a standard residential lot in Canterbury Park. Its key appeal lies in its relative modernity for the immediate area—it's notably newer than most neighbouring homes—and its renovated basement, which adds functional space to the 900 sqft main floor. The property presents a straightforward, low-maintenance footprint with no garage or pool.
The home’s metrics are consistently average or below average in broader comparisons, particularly for living space and assessed value within the wider city and Canterbury Park neighbourhood. This positions it as an accessible entry point. It would suit first-time buyers, downsizers, or practical investors seeking a solid, no-frills foundation in a mature area. The renovated basement is a clear asset, offering potential for a rental suite, family space, or home office, adding value beyond the modest main living area. A thoughtful perspective is that while the home is smaller and valued below many area averages, its newer build year on the street suggests it may have benefited from more modern construction standards than its direct neighbours, potentially meaning fewer major upkeep surprises.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $25.70k and sold for $25.30k in August 2022, indicating the sale was very close to its official valuation at that time.
2. Is the lot size a pro or a con?
At 3,278 sqft, the lot is around average for the street but below average for both the neighbourhood and city. This means manageable yard maintenance but less private outdoor space than many other Winnipeg properties.
3. What does "renovated basement" imply?
While specific finishes aren't detailed, this confirms the basement is finished into livable space. Buyers should inquire about the scope, permits, and the nature of the renovation (e.g., moisture control, ceiling height, egress) to understand its quality and utility.
4. The home is newer than others on the street. Why is that significant?
A 1977 build date is newer than the street average (1968), which can suggest updated building materials, electrical systems, or insulation compared to older homes, potentially reducing the need for near-term major updates.
5. Who are the typical neighbours?
The provided comparable properties with similar assessed values are located in various neighbourhoods like Westdale and Eric Coy, not just Canterbury Park. This indicates the home attracts buyers focused on value and essentials rather than a specific locale, and that immediate neighbours on Mcmeans Avenue E likely own homes of similar scale and vintage.