Property Summary: 756 Mccalman Avenue, East Elmwood, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic character property with modern updates, most notably a renovated basement. Its primary appeal lies in its generous living space of 1,368 sq ft, which ranks within the top 5% of homes on Mccalman Avenue and the top 14% within the East Elmwood neighbourhood. This makes it a notably spacious option for the area, offering more room than many comparable properties.
The home suits buyers looking for a balance of historic charm and practical living space without a premium price tag, as reflected in its assessed value which is around the neighbourhood average. It would be a strong fit for first-time buyers, small families, or value-oriented investors who prioritize interior square footage over a large yard or a newer build. A thoughtful perspective is that while the lot size is modest for the city, it is fairly typical for the immediate area, potentially reducing exterior maintenance. The significant price appreciation between its 2016 and 2022 sales also suggests a history of investor or renovator interest in the property and the street.
Frequently Asked Questions
1. How does the home’s age affect it?
Built in 1914, the home is older than most in Winnipeg. This often means character details but can also imply a need for closer attention to foundational, electrical, or plumbing systems during an inspection, despite recent renovations.
2. Is the living space configuration typical?
As a "one & 3/4 storey" design, the floor plan may include unique layouts, such as bedrooms tucked under sloped ceilings on the upper level. This differs from a standard two-storey and influences room sizes and flow.
3. What does the assessed value indicate?
The assessed value is for municipal tax purposes and is not a market valuation. That this figure is average for the street but below the city average can signal that property taxes here may be relatively lower than in many other Winnipeg neighbourhoods.
4. There’s no garage. Is parking an issue?
The listing notes no garage. Buyers should verify on-street parking permits, restrictions, and the feasibility of adding a driveway or parking pad on the 3,294 sq ft lot.
5. The sale history shows a big jump in price. What does that mean?
The sale price increased from $20,400 in 2016 to $270,000 in 2022. This likely reflects a significant renovation or market shift. Requesting details on the scope and permits for the work done during that period is essential.