Property Overview: 290 Mcadam Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1914, presents a classic character property with modern practicality. Its key appeal lies in offering above-average space and value within its immediate neighborhood. With 1,458 sqft of living area, the home is notably larger than many comparable houses on its street and in the Jefferson area. This is complemented by a renovated basement, adding functional living space, and a detached garage. The lot size is generous for the area, providing good outdoor potential.
The home suits buyers looking for a established property with room to grow, without the premium price tag of a new build. It’s particularly well-matched for those who value a sense of space indoors and out in a neighborhood context, and who appreciate a home with history that has already seen key updates like a basement renovation. A thoughtful perspective is that while the build year is historic, the above-average assessed value for the area suggests the property has been maintained or improved in ways the market recognizes, offering a blend of charm and solid investment.
Frequently Asked Questions
1. How does the age of the home (1914) affect maintenance?
While the home is over a century old, its above-average assessed value for the street and neighborhood indicates it has likely been kept in good condition or updated. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, and plumbing common to homes of this era.
2. Is the living space efficiently laid out?
At 1,458 sqft, the home offers more space than many in Jefferson. The presence of a renovated basement significantly adds to the usable living area, suggesting a functional floor plan that extends beyond the main two storeys.
3. What does the detached garage mean for parking and storage?
A detached garage provides secure parking and additional storage space. It can also offer flexibility for a workshop or hobby space, separate from the main house.
4. How does the property’s value compare to recent sales?
Based on available data, a sale in late 2017 fell within a range typical for the area at that time. The current assessed value sits above the average for both the street and Jefferson, suggesting its market position has remained strong.
5. Who would this property not suit?
This home may not be ideal for buyers seeking a modern, open-concept layout without any renovation projects, as the floor plan of a 1914 two-storey may feature more defined rooms. Those prioritizing a brand-new home or an attached garage might also look elsewhere.