Property Overview: 1135 Mccalman Avenue, East Elmwood
Key Characteristics & Appeal
This 884 sqft one-storey home, built in 1955, presents a solid, no-fuss opportunity in Winnipeg's East Elmwood neighborhood. Its primary appeal lies in its established location and manageable scale. The home features a renovated basement and a detached garage, sitting on a standard 4,170 sqft lot. When compared locally, the property is consistently "around average" for its street and area in terms of living space, assessed value ($260k), lot size, and age. This positions it as a straightforward, middle-of-the-road option without extreme outliers.
The home would suit first-time buyers or downsizers seeking an entry point into a mature neighborhood without the premium of a newer or significantly larger property. It’s a practical choice for those who value a renovated basement for extra living space and prefer the flexibility of a detached garage. A thoughtful perspective is that its very "averageness" within the immediate area could signal stability and predictability, potentially insulating it from the sharper value swings that affect more unique properties. It’s a home that offers more function than flash.
Frequently Asked Questions
1. How does this home compare to others in Winnipeg?
Citywide, the living space and lot size are below the Winnipeg average, while its assessed value is significantly below the city average. This highlights that it offers a more compact and affordable footprint compared to many homes across the broader metro area.
2. Is the assessed value a reliable indicator of the sale price?
The assessed value is for municipal tax purposes and is often different from market value. Notably, the home last sold in March 2017 for $22,100, which is far below the current assessed value of $260k, indicating a major renovation, market shift, or prior unique circumstance. A current market evaluation is essential.
3. What does "around average" for the neighborhood really mean?
For key metrics like size, value, and lot, this home ranks near the middle (typically between the 42nd and 61st percentile) among East Elmwood homes. You are not paying a premium for above-average features, nor are you compromising significantly compared to most local homes.
4. What are the implications of a 1955 build date?
Built 71 years ago, the home is typical for the area. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout, as the main floor living area is compact. Those wanting a large yard, an attached garage, or a home that stands out significantly in size or value from its immediate neighbors might also want to look elsewhere.