Property Summary: 374 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on a standard-sized lot in Jefferson presents a practical and well-proportioned offering. Its key characteristic is its above-average living space (1,350 sqft) for both the immediate street and the wider Jefferson area, providing more room than many comparable homes. The basement has been renovated, adding functional living area, and the property includes a detached garage.
The appeal lies in its balanced, no-surprises profile. It's not an outlier in any single metric like assessed value or lot size, but it offers a solid amount of finished living space in a mature neighbourhood. The home suits buyers looking for a move-in-ready foundation—a character home from 1950 with updated utility—without the premium price tag of a fully modernized or top-tier property. It’s a sensible choice for first-time homeowners, small families, or value-focused buyers who prioritize interior space over a sprawling yard or the newest build on the block. A less obvious perspective is that its "average" assessments in many categories could signal stability and predictability, potentially offering a straightforward purchase without the intense competition or pricing volatility of trendier areas.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,350 sqft, the living area is notably larger than the average for both Mcadam Avenue (approx. 1,184 sqft) and the Jefferson area (approx. 1,029 sqft), placing it in the top 28% and 11% for those respective groups.
2. What is the property's assessed value?
The assessed value is $30,600. This is around the average for the street but above the average for the Jefferson area as a whole.
3. Has the basement been finished?
Yes, the basement has been renovated, adding to the home's usable living space.
4. What was the last known sale price?
The home sold in October 2019 for a price range between $24,500 and $27,500, based on available public data.
5. How old is the home?
The house was built in 1950, making it older than the Winnipeg citywide average but typical for its established neighbourhood.