Property Overview
This two-storey home at 356 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a practical and well-sized offering. Built in 1949, it features 1,362 sqft of living space and sits on a standard 5,196 sqft lot with a detached garage. A key updated feature is its renovated basement. The home's living area is notably above average for both its immediate street and the Jefferson area, providing more interior space than many comparable local properties. Its assessed value is consistent with the local market but sits below the wider city average, which may indicate a relative value proposition within its established community.
The appeal here is grounded in space and location. It offers more room than typical Jefferson homes, appealing to those who need the extra square footage without a premium price tag. The renovated basement adds functional, modernized space. This property would suit a practical buyer—perhaps a growing family, a first-time homeowner looking for a spacious starter home, or an investor seeking a solid rental property in a stable neighbourhood. It’s for someone who values interior space over a brand-new build and appreciates a home that holds its own within the local context rather than standing out city-wide.
Frequently Asked Questions
What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope (e.g., finishes, legal secondary suite, moisture prevention) is not detailed. This is a key point for a viewing or direct inquiry with the seller.
How does the assessed value relate to the likely selling price?
The assessed value is $29,800 for tax purposes. The last recorded sale in July 2022 was between $30,500 and $33,500. The selling price will be determined by current market conditions, but this history provides a recent benchmark.
Is the living space configuration typical for a 1949 two-storey?
Likely yes, with bedrooms upstairs and living areas on the main floor. The above-average square footage for the area suggests potentially larger rooms or a more efficient layout than some neighbouring homes.
What are the implications of the "below average" city-wide assessed value ranking?
This primarily indicates the home is in a more affordable area of Winnipeg compared to the city's overall average. It doesn't reflect the home's condition but highlights Jefferson as a value-oriented neighbourhood.
How does the lot size compare for potential outdoor use or expansion?
At just over 5,000 sqft, the lot is standard for the area. It provides adequate yard space but may have limitations for significant additions, depending on zoning setback requirements.