Property Overview: 997 Mccalman Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home in East Elmwood, built in 1956. With 1,008 sqft of living space and a 4,611 sqft lot, it sits on a notably larger parcel than many immediate neighbors, offering above-average outdoor space for the street. The home features a detached garage and an unrenovated basement, presenting a straightforward canvas. Its core appeal lies in its positional value: within its local context, it ranks well for living area, lot size, and the relative newness of its build year compared to nearby homes. The assessed value is consistent with the area, suggesting it's priced in line with the neighborhood market.
This property would suit a pragmatic first-time buyer, an investor looking for a rental property with land value, or a hands-on owner comfortable with a home that hasn't been updated. It’s less about immediate modern finishes and more about solid fundamentals—space, location, and lot size—within a specific community. A thoughtful perspective is that while the home is below the citywide averages for size and value, it outperforms many direct peers on its street, indicating it might be a relative standout in its immediate micro-market.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for living area, lot size, and year built among homes on Mccalman Avenue, meaning it is generally larger, on a bigger lot, and newer than many of its direct neighbors.
2. What does "unrenovated basement" imply?
It means the basement space is functional but in its original or older state, without recent updates to finishes, flooring, or amenities. It presents potential for future finishing but will not have the appeal of a modern, renovated lower level.
3. Is the assessed value the same as the market price?
No. The assessed value (approximately $25,800) is for municipal tax purposes. The market price is determined by current buyer demand and recent area sales, like the noted sale in late 2020 at $25,500.
4. What are the advantages of a larger lot in this area?
A larger lot (4,611 sqft) provides more private outdoor space, potential for gardening, additions, or storage sheds, and may offer better future redevelopment potential compared to tighter lots, which is less common in this part of East Elmwood.
5. How does the home's age affect ownership?
Built in 1956, major components like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A pre-purchase inspection is crucial to understand the condition and anticipate potential maintenance or updates needed.