Property Overview
This single-storey home at 932 Mcmeans Avenue E in Winnipeg's Canterbury Park neighborhood presents a distinct profile. Its primary appeal lies in a combination of a large, desirable lot and a recently renovated basement, set against a more modestly sized main living area.
Key Characteristics & Ideal Buyer
The standout feature is the land. At over 6,000 square feet, the lot size ranks in the top 3% for its street and top 15% within Canterbury Park, offering significant outdoor space that is increasingly rare. The home itself is a manageable 957 sqft, suggesting a simpler, efficient layout. A key update is the renovated basement, which adds valuable finished space. The 1989 build date is notably newer than most on the street.
This property would suit a specific buyer: perhaps a first-time homeowner or downsizer who prioritizes private outdoor space over a large interior footprint. The renovated basement adds flexibility for a home office, hobby room, or extra living area. It’s also a compelling canvas for future expansion, where the excellent lot could support an addition. The buyer should be comfortable with a home whose interior size is below the neighborhood average, valuing the land as the primary long-term asset.
Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The assessed value is for taxation purposes and often lags behind market trends. The significant jump from a 2016 sale price of $210k to a 2017 sale of $261k, alongside the top-tier lot ranking, suggests the market value has appreciated beyond the older assessment.
2. Is the smaller living area a concern?
It depends on your needs. The home offers efficient, single-level living which is easier to maintain. The renovated basement effectively increases the usable space, making the overall package more functional than the main floor square footage alone implies.
3. What does the "Elite" ranking for the lot really mean?
It means this property has more land than 97% of the homes on Mcmeans Avenue E. In practical terms, this provides greater privacy, room for gardening, play, or entertaining, and potential for future projects like a garage, shed, or deck that wouldn't be possible on a standard lot.
4. There's no garage. Is adding one feasible?
Given the lot's large size, there is likely physical space for a future garage or carport. You would need to investigate specific setback requirements and obtain the necessary permits from the city.
5. How does the 1989 build date compare?
It's a positive. Being built in 1989 means the home is significantly newer than most on its street (ranking in the top 1%), potentially benefiting from more modern construction standards, wiring, and insulation compared to much older homes in the wider area.