Property Overview: 366 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a practical opportunity, particularly for specific buyer profiles. Its key characteristic is balance: with an 820 sqft living area, it is a compact home that sits on a standard city lot of just over 5,000 sqft. The property features a renovated basement and a detached garage. While the living space is notably below the average for its immediate street and the wider city, its assessed value is firmly in the middle range for the local area. This creates an interesting dynamic where the land and location contribute significantly to the property's value proposition.
The appeal lies in its efficiency and potential. It suits first-time buyers or downsizers seeking a manageable footprint without the upkeep of a larger house, allowing resources to be directed toward customization or savings. The renovated basement adds functional space, and the standard lot size offers room for gardening or outdoor living. A less obvious perspective is its appeal to the value-conscious investor or buyer who understands that purchasing a smaller home in a stable area can be a strategic entry point, offering affordability now with the lot providing long-term optionality.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 820 sqft, the living area is below the average for similar homes on Mcadam Avenue, in the Jefferson area, and across Winnipeg. It is a compact, efficient layout.
2. Is the assessed value typical for the neighborhood?
Yes. With an assessed value of $300k, it ranks around the middle of the pack (Top 50%) for Mcadam Avenue and is relatively consistent with values in the broader Jefferson area.
3. What is the condition of the home?
The listing notes a renovated basement. As the home was built in 1950, prospective buyers should factor in the age of major systems (roof, wiring, plumbing) and consider a thorough inspection.
4. What was the previous sale price?
Public data indicates a sale occurred in September 2020 in a range of approximately $235k to $265k. The exact sale price can be requested directly from the site.
5. What are the potential advantages of a smaller home on a standard lot?
This combination can offer lower utility and maintenance costs for the home itself, while the lot provides valuable outdoor space and future potential, such as for an addition or garden suite, subject to zoning approvals.