Property Overview: 807 Mccalman Avenue, East Elmwood, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-three-quarter storey home, built in 1912, presents a unique profile defined by its spacious interior relative to its immediate surroundings. With 1,544 square feet of living space, it ranks in the top 3% of homes on Mccalman Avenue for size, offering significantly more room than the local average. This creates an appealing value proposition: a character home with ample space in a neighbourhood of typically smaller properties. The house features a detached garage and an unrenovated basement, presenting a canvas for customization.
Its primary appeal lies in this combination of generous interior space and a lower assessed value compared to city-wide averages. This positions it as an opportunity for buyers seeking a larger footprint without a premium price tag, particularly those interested in a home with classic early-20th-century architecture. The property would suit a practical buyer or investor who values space over modern finishes, is comfortable with a home requiring updates, and sees potential in the existing structure and lot. A thoughtful perspective is that while metrics like land size and year built rank below area averages, the well-above-average living area is the defining and most valuable characteristic, offering a functional advantage that outweighs other statistical shortcomings.
Frequently Asked Questions
1. Why is the assessed value notably lower than the city-wide average?
The assessed value reflects a combination of the home’s age (1912), its location within the East Elmwood neighbourhood, and the fact that it is compared against all property types city-wide. It is consistent with similarly valued homes in other established neighbourhoods.
2. What does "unrenovated basement" typically imply?
This generally means the basement space is in original or functional condition, but not modernized. It offers usable space for storage, laundry, or mechanicals, but any finished living area would likely require investment and proper permits for moisture control and insulation.
3. How significant is the living area being in the "top 3%" for the street?
It is a key differentiator. It means this home offers approximately 67% more living space than the average comparable home on Mccalman Avenue, which is a substantial practical advantage for daily living.
4. Are there any obvious concerns with a home built in 1912?
Prospective buyers should budget for and prioritize inspections of major aging systems, such as plumbing, electrical wiring, and the foundation. The charm of a character home often comes with the responsibility of maintaining or upgrading its original components.
5. What is the context of the 2019 sale price?
The prior sale price from January 2019 provides historical context but may not reflect current market value. It is best used as a reference point to understand price trends over time, in conjunction with recent sales of comparable properties.