Property Overview: 860 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1978, presents a unique value proposition in the Winnipeg market. Its key characteristic is a notable contrast: while the lot size is compact (2,000 sqft), the living space (1,152 sqft) is efficiently designed and is actually larger than many comparable homes on its street. The property features a renovated basement, adding to its functional space. Its appeal lies in its affordability, as reflected in its well-below-average assessed and recent sale values, and its surprisingly modern living area for a home of its era and price point.
This home would suit first-time buyers or investors seeking an entry point into the market with immediate livable space and no major basement renovations required. It also appeals to those who prefer a smaller, more manageable yard without sacrificing indoor square footage. A less obvious perspective is that its 1978 build date is a standout feature on its specific street, making it newer than nearly all immediate neighbors. This could suggest updated core systems compared to older area homes, a practical advantage often overlooked.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is smaller than average, it translates to lower maintenance and potentially lower property taxes. It’s ideal for those who prefer spending less time on yard work.
2. Why is the assessed value so much lower than the city average?
The value reflects a combination of the home’s smaller lot, its location within Canterbury Park, and the overall market valuation for modest, older homes in the area. It indicates a lower tax burden and an accessible price point.
3. What does "renovated basement" imply?
It means the basement has been updated to a finished, livable standard. Specifics on the renovation’s scope, quality, and permits should be verified with the seller or a home inspector.
4. How does the living area compare to nearby homes?
Interestingly, this home has more living space than most similar properties on Mcmeans Avenue E. This means you get a more spacious interior than the street’s average, despite the smaller lot.
5. The home sold recently in 2022. What does that indicate?
The recent sale provides a clear, modern benchmark for its market price, offering transparency. It suggests a motivated seller at that time and allows for easy comparison to see how current values may have shifted.