Property Overview: 866 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1978, presents a specific and compelling value proposition. Its primary appeal lies in its relative modernity for the immediate area—it is newer than 99% of comparable homes on its street—coupled with a renovated basement. The living space (1,152 sqft) is efficiently sized and notably larger than most direct street comparisons.
The property’s standout characteristic is its exceptionally low land area (1,980 sqft), placing it in the bottom 1% locally. This creates a unique profile: you are acquiring a home that is newer and with more finished living space than nearby properties, but on a much smaller lot. This translates to minimal exterior maintenance, a clear advantage for those seeking a low-yard-care lifestyle. The assessed value is significantly below city and neighbourhood averages, suggesting a potentially accessible entry point into the market.
This home would best suit pragmatic, value-conscious buyers such as first-time homeowners or downsizers who prioritize interior living space and modern updates over a large yard. It’s for someone who views a small lot as a feature—less time spent on upkeep—rather than a drawback. Investors may also see potential given the renovated basement and the home’s competitive edge in its immediate locale.
Section 2: Frequently Asked Questions
1. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and the nature of the renovations (e.g., moisture-proofing, ceiling height, permits).
2. Why is the lot size so small compared to neighbours?
The data shows the lot is significantly smaller than nearly all properties on the street and in Canterbury Park. This could be due to the original subdivision or a past lot split. It’s a defining trait that means very little lawn maintenance but also limited private outdoor space.
3. How does the 2019 sale price of $220k relate to today's value?
The 2019 sale provides a historical benchmark, but market conditions have shifted. The current assessed value is listed at $26.2k, which is a municipal valuation for tax purposes and is typically far below market value. A current appraisal or comparative market analysis is essential.
4. Is there parking or a garage?
The listing specifies "Garage: None." Given the small lot size, on-street parking is likely the primary option. Buyers should verify local street parking regulations and availability.
5. The home ranks well for its "Year Built" on the street but lower in the wider area. What does this mean?
This highlights an important perspective: while this is one of the newer homes on its specific block (top 1%), it is older than about 20% of homes in the broader Canterbury Park neighbourhood. Its modernity is a local advantage, not necessarily a city-wide one.