Property Overview
This 1977 bi-level home at 811 Mcmeans Avenue E in Canterbury Park presents a practical and renovated living space. Its key appeal lies in being a well-maintained, modernized home that is newer than most on its street, offering a move-in-ready basement and a efficient footprint. The lot is smaller than area averages, which translates to lower maintenance. It would suit first-time buyers seeking an affordable entry into the Winnipeg market, downsizers looking for a manageable property without a large yard or garage to maintain, or pragmatic investors interested in a recently updated rental property with solid fundamentals.
Key Characteristics & Suitability
- Key Features: The home is a bi-level with a renovated basement, built in 1977. It sits on a 2,999 sqft lot and has 810 sqft of living space. It has no garage or pool. The property last sold in May 2024 for $280,000, close to its $260,000 assessed value.
- Where the Appeal Lies: The primary advantage is the home's relative newness compared to its immediate neighbours—it ranks in the top 6% for year built on its street. The renovated basement adds immediate functional living space without the need for projects. The smaller lot size is a benefit for those wanting minimal yard work. Its sale price is below both the neighbourhood and city-wide averages, positioning it as a value-conscious option.
- Ideal Buyer Profile: This property is a strong match for budget-conscious first-time homeowners ready for a starter home. It's equally suitable for empty-nesters or downsizers who prioritize easy upkeep and recent updates over square footage. The efficient size and recent sale near assessment also make it a candidate for investors seeking a straightforward rental property.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the lot is smaller than many in Canterbury Park and Winnipeg overall, this means less grass to cut, garden to maintain, and snow to clear. For buyers seeking a low-maintenance lifestyle, this is a practical benefit rather than a drawback.
2. How does the 1977 build year compare to nearby homes?
This is a standout feature. On Mcmeans Avenue E, this home is newer than approximately 94% of comparable properties, suggesting it may have more modern construction materials and systems than its immediate neighbours.
3. What does the "renovated basement" likely include?
While specific finishes aren't listed, a renovated basement in a home of this size and era typically means it has been finished into a livable space, potentially including a family room, bedroom, or bathroom, adding significantly to the home's usable area.
4. With no garage, what are the parking options?
The property listing indicates no garage. Buyers should anticipate on-street parking or the potential to add a driveway or parking pad, subject to local bylaws and available space on the lot.
5. The home sold recently in May 2024. What does that indicate?
The quick resale could indicate a number of things, such as an investor flipping the property after renovation, a change in the previous owner's circumstances, or simply a strong market for updated, affordable homes. It provides a very current and reliable benchmark for the home's market value.