Property Overview: 829 Mccalman Avenue, East Elmwood
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, presenting a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristics are defined by its modest scale: with 680 sqft of living space, it is notably smaller than most area homes, and it features a detached garage and a basement that is present but not renovated. The assessed value is significantly below city and neighbourhood averages, indicating a very low property tax burden. The lot size is a relative strength, being closer to the average for its immediate street.
The appeal lies in its simplicity and potential. It suits a specific buyer: a first-time purchaser, an investor, or a downsizer seeking the absolute minimum in ongoing costs and maintenance footprint. Its low assessed value is a standout feature for budget-conscious buyers. The unrenovated basement, while not a finished asset, offers blank-canvas storage or future expansion space. This isn’t a move-in-ready showpiece; it’s a pragmatic foundation. A thoughtful perspective is that such a modest, older home on a decent lot in a mature neighbourhood represents a rare opportunity for gradual, owner-driven improvement without the pressure of a large mortgage or high taxes.
Frequently Asked Questions
1. What does the "below average" ranking for living area actually mean?
It means this home’s interior square footage is smaller than most. At 680 sqft, it is significantly more compact than the typical Winnipeg home (avg. ~1,342 sqft) and even those in East Elmwood (avg. ~1,065 sqft). It necessitates efficient use of space.
2. Why is the assessed value so much lower than the city average?
The assessed value of $19,600 is for municipal tax purposes and reflects the property’s modest size, age, and condition relative to the broader market. It results in proportionally lower property taxes, which is a key financial advantage of this home.
3. What is the significance of the lot size being "around average" for the street?
While the lot is below average for the wider area, it is more in line with others on Mccalman Avenue. This suggests the outdoor space is typical for the immediate block, offering a reasonable yard for a home of this size without standing out as unusually small to neighbours.
4. Should the age of the home (1912) be a concern?
It indicates that major systems (like plumbing, electrical, or the foundation) may be older or have been updated over time. A thorough inspection is essential to understand the condition and any needed updates, which is typical for any home over a century old.
5. What can nearby sales and comparable assessments tell me?
The last recorded sale was in 2017 for $17,500. Nearby properties on the same street and listings with similar very low assessed values provide a context for the price range in this segment of the market, but a current market evaluation is needed to determine today’s listing or sale price.