Property Overview: 866 Mcmeans Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Canterbury Park is defined by its efficient size and notable recent renovation. With 920 sqft of living space and a recently updated basement, it offers a modern, low-maintenance footprint on a 3,080 sqft lot. Its standout characteristic is its age relative to the immediate area: built in 1978, it is significantly newer than most homes on its street, ranking in the top 1% locally for year built. This suggests potentially fewer immediate concerns with aging infrastructure compared to neighbours.
The appeal lies in its turn-key condition and value proposition. The 2024 sale price of $340k performed strongly compared to nearby sales, indicating a desirable update in a mature neighbourhood. It suits first-time buyers seeking a manageable home without major projects, downsizers looking for single-level living with modern finishes, or investors interested in a recently refreshed property with strong street-level desirability. A thoughtful perspective is the lot size: while below average for the city, it provides ample yard space without the burden of extensive upkeep, aligning perfectly with the low-maintenance lifestyle the home promotes.
Frequently Asked Questions
1. How does the recent sale price compare to the area?
The home sold for $340k in June 2024, which ranks in the top 9% of sales on its own street and is above the local average. This strong performance suggests the renovations and condition were recognized in the market value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, finish quality, and whether it includes added legal bedrooms or simply finished living space.
3. Is the lack of a garage a concern?
The property has no garage. This is common for many older neighbourhoods and contributes to the lower-maintenance appeal, but buyers reliant on vehicle storage or workshop space should consider this factor.
4. How does the assessed value relate to the sale price?
The assessed value is $28.3k, which is a municipal valuation for tax purposes and is typically far below market value. The recent sale price of $340k is the current market indicator.
5. The home is newer than others on the street. What are the implications?
Being built in 1978 (vs. a street average of 1968) can be an advantage, potentially meaning updates to original wiring, plumbing, or insulation are more recent. It’s a unique feature in an established area, but a full inspection is still essential.