992 Mccalman Avenue

Property Overview: 992 Mccalman Avenue, East Elmwood, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home on a generous 4,615 sqft lot presents a practical and value-oriented opportunity in East Elmwood. Its key appeal lies in its balance of space, recent updates, and a location that offers relative affordability within a mature neighborhood. The home features 882 sqft of living space and a renovated basement, adding functional living area. A detached garage provides utility and storage.

The data reveals a nuanced picture: while the living space is modest compared to the citywide average, the property holds its own strongly within its immediate area. It ranks above average on Mccalman Avenue for its assessed value, year built (1956), and lot size, suggesting it is a well-regarded home on its block. The renovated basement is a significant functional upgrade. This property would suit first-time buyers seeking an entry point into homeownership with some modern touches, or practical investors looking for a manageable rental property with a solid foundation. Its appeal is grounded in being a move-in ready, low-maintenance option in a neighborhood of similar, well-kept homes.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others nearby?
At 882 sqft, the living area is close to the average for both Mccalman Avenue (926 sqft) and the wider East Elmwood area (1,065 sqft). It offers a comfortable footprint for the neighborhood, with the renovated basement effectively adding more usable space.

2. The assessed value seems low. What does that indicate?
The assessed value of $27,600 is for municipal tax purposes and is not the market price. That it ranks "above average" on its street indicates the city assesses it as a relatively valuable property compared to its direct neighbors, which can be a positive sign of its condition and lot value within the local context.

3. What are the implications of the home being built in 1956?
Built in 1956, this home is newer than many on its street and in East Elmwood. This can be an advantage, potentially meaning updates to core systems in more recent decades. However, as with any home of this age, a thorough inspection of the roof, wiring, plumbing, and foundation is always recommended.

4. Is the lot size a benefit?
Yes. The lot of 4,615 sqft is larger than average for both the street and the East Elmwood area, offering more private outdoor space than many comparable properties—a valuable asset for gardening, recreation, or future expansion.

5. What can recent sale history on the street tell us?
A nearby property at 988 Mccalman Avenue sold in November 2021 for $27,500. While not a direct comparison and with market conditions likely having changed, this provides a recent benchmark for the immediate area, suggesting a history of affordable, entry-level pricing on the block.