Property Overview
This two-storey home at 856 Mcmeans Avenue E in Canterbury Park presents a distinct profile. Built in 1978, it is notably newer than most on its street. With 1,152 sqft of living space, it offers more room than many immediate neighbours, though it sits on a modest 1,890 sqft lot. The property has an unfinished basement and no garage. Its key financial characteristic is a very low assessed value, which is significantly below averages for the street, neighbourhood, and city. It last sold in 2017.
Key Characteristics & Appeal
The primary appeal of this property lies in its value proposition and potential. Its extremely low assessed value suggests it could be an accessible entry point into the Winnipeg market, likely requiring an investor's mindset or a buyer willing to undertake renovations. The home is newer than most on the block and offers above-average living space for the immediate area, which is a positive foundational aspect.
It would best suit a value-conscious buyer, such as a hands-on investor looking for a rental property with a low entry cost, or a first-time purchaser with renovation skills and a limited budget who is prepared to modernize the home over time. Its appeal is not in move-in-ready luxury, but in the underlying opportunity it represents for the right person. A less obvious perspective is that its newer construction date relative to the street could mean more modern building materials and systems than surrounding homes, potentially simplifying updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on market value for taxation purposes. A value this far below averages typically indicates the property is in need of significant updates or repairs compared to other homes, or that its modest lot size and lack of garage are impacting its valuation.
2. Is the lot size a concern?
At 1,890 sqft, the lot is significantly smaller than typical lots in Canterbury Park and across Winnipeg. This limits outdoor space and expansion potential, which is a key factor in its below-average ranking for land area.
3. What does "Elite" ranking for Year Built mean for this home?
On its specific street, a 1978 build date is in the top 1%, meaning it is one of the newest houses on Mcmeans Avenue E. This is a relative positive, suggesting it may have advantages over older neighbouring homes in terms of construction era.
4. What should I consider about the unfinished basement?
An unfinished basement offers flexible storage or future living space, but completing it would require a significant investment. It also means all current living areas are accounted for in the 1,152 sqft figure.
5. How significant is the lack of a garage?
The absence of a garage in a neighbourhood where most homes have one is a notable drawback, affecting vehicle storage, winter convenience, and general utility space. This factor likely contributes to the property's lower valuation and is a key practical consideration for buyers.