Property Overview
This one-and-a-half storey home on Mccalman Avenue in East Elmwood presents a practical and straightforward homeownership opportunity. Built in 1946, it features 881 square feet of living space and sits on a 4,394 sqft lot with a detached garage. Its recent sale in late 2024 indicates a move-in-ready property within a well-established neighborhood.
Key Characteristics & Buyer Appeal
The primary appeal of this property lies in its stability and neighborhood context. It is not an outlier but a typical home for its immediate area, with living space, assessed value, and lot size all ranking close to the average for Mccalman Avenue and East Elmwood. This suggests a predictable, lower-volatility entry point into the Winnipeg market. The lot size is notably above average for the street, offering good outdoor space relative to its peers.
It would suit first-time buyers seeking an affordable, no-frills starter home in a mature community, or an investor looking for a manageable rental property. Its consistent, gradual appreciation in sale price over the past seven years reflects a steady, if unspectacular, market performance. A thoughtful perspective is that this home offers the quiet benefit of "neighborhood median" living—you’re unlikely to be over-improved or under-improved relative to your direct neighbors, which can simplify both living and future resale.
Frequently Asked Questions
1. Is the house small compared to newer homes?
Yes. At 881 sqft, its living area is below the Winnipeg city-wide average. However, it is very much in line with the average size of other homes on its street and in East Elmwood, representing the character of this established neighborhood.
2. What does the assessed value tell us?
The assessed value is a municipal figure for tax purposes, not market value. At $23,200, it is low compared to the city, but average for this specific area. The more relevant figures are the recent sale prices, which show the home's market value has risen steadily.
3. How does the lot size compare?
The lot is a positive feature. At just under 4,400 sqft, it is larger than many on the same street and in the broader area, providing more private outdoor space than some comparable properties.
4. Is the age of the home (1946) a concern?
The home is older than most in its neighborhood and the city. This typically means potential for older infrastructure (like plumbing or wiring) that may need attention, but also often comes with solid construction and mature landscaping.
5. Has the property increased in value?
The sold price history shows clear appreciation: from $16,300 in 2017 to $24,200 in 2024. This indicates a stable upward trend in line with the local market.