Property Overview
139 Mcphail Street is a modern two-storey home built in 2022, offering a move-in-ready opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in being a contemporary property within a mature area, providing a balance of new construction benefits and established community character. The home sits on a 4,147 sqft lot, which is notably spacious for its local context, and features 1,553 sqft of living space along with a renovated basement.
Key Characteristics & Ideal Buyer
This home stands out in its immediate surroundings for its newness, above-average living space, and generous lot size. While its assessed value is around average for Winnipeg as a whole, it ranks among the top properties in both its specific street and the broader Chalmers area for metrics like year built, living area, and value. The 2022 construction means major systems and finishes are modern, likely translating to lower immediate maintenance costs. The renovated basement adds functional living space.
The property would suit a buyer looking for a modern home without opting for a brand-new subdivision. It’s ideal for someone who values a larger, private yard but wants to be part of an established neighbourhood with mature infrastructure. It also presents a compelling option for a buyer attentive to property data, as it performs very well in localized comparisons, suggesting a strong positional value within its community.
Frequently Asked Questions
Q: How does the 2022 build date impact this home in an older neighbourhood?
A: It offers the advantages of modern building standards, energy efficiency, and new appliances/finishes, while the neighbourhood provides mature trees and established services. It’s a trade-off between ultra-modern community amenities and a classic streetscape.
Q: The assessed value seems low compared to the recent sale price. Why is that?
A: Municipal assessed value for taxation purposes often lags behind current market values and uses a different valuation method. The sale price of $400k in January 2023 is a more accurate reflection of its recent market worth.
Q: Is the lot size a significant feature?
A: Yes. The lot is over 4,100 sqft, which is well above average for both the street and Chalmers. This offers more outdoor space, potential for gardening, or room for additions like a garage or deck, which can be rare in older, denser neighbourhoods.
Q: What does "renovated basement" typically include in a 2022 home?
A: In a home this new, the basement renovation was likely completed by the original builder or a first owner. It means the lower level is finished as living space, which could include bedrooms, a family room, or a bathroom, adding immediately usable square footage.
Q: Who might this property not suit?
A: It may not suit buyers seeking a historic character home, as its design is contemporary. Additionally, those whose priority is a property with a garage should note this home does not have one.