326 Mcadam Avenue

Property Overview: 326 Mcadam Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Mcadam Avenue in the Jefferson area presents a practical and spacious opportunity. Its key characteristic is its generous 1,451 sqft living area, which ranks well above average for both the immediate street and the wider Jefferson neighborhood, offering more interior space than many comparable homes. A recently renovated basement adds to the functional living space. The property sits on a standard city lot and includes a detached garage.

The appeal lies in its balanced, grounded profile. It’s a home that offers more room than many in its locale without a premium price tag, as reflected in its assessed value being consistently average for the area. The recent basement renovation suggests some modern updates, while the 1950 build date indicates a classic, sturdy structure. This property would suit value-conscious buyers looking for above-average interior space in a established neighborhood, particularly those who appreciate a home that is competitively positioned within its community rather than standing out as an outlier. It’s a sensible choice for growing families or those needing flexible space, with the detached garage offering potential for storage or workshop use.

Section 2: Frequently Asked Questions

1. How does the living space truly compare to other homes?
The living area is a standout feature. It places in the top 20% on Mcadam Avenue and the top 7% within the larger Jefferson area, meaning you get significantly more interior space than most direct neighbors and local peers.

2. Is the assessed value a reliable indicator of the property’s market position?
Yes, in this case. The assessed value is consistently around the median when compared to homes on the same street, in Jefferson, and citywide. This suggests the property is viewed as a typical, fairly priced home for its category, not over- or under-valued by the assessor.

3. What does the recent sale price range indicate?
The home sold in late 2024 for between $335,000 and $365,000. This range placed it in the top 14% of sale prices for Mcadam Avenue and the top 10% for Jefferson at that time, indicating strong market interest that likely recognized the value of its above-average living space.

4. Are there any less obvious considerations about the lot or location?
The land area is average for the city and neighborhood. A thoughtful perspective is that while not oversized, the standard lot size typically means manageable maintenance. Its ranking as "around average" in multiple categories suggests it fits seamlessly into the streetscape, which can contribute to neighborhood consistency and stability.

5. What is implied by the "renovated" basement?
While specific details aren’t listed, a renovated basement in a 1950s home typically adds crucial modern functionality, such as a potential family room, office, or additional bedroom. It’s a key update that addresses one of the common drawbacks of older homes, adding immediate utility without the need for a major project.