Property Overview: 411 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home at 411 Mcadam Avenue in the Jefferson neighborhood presents a practical opportunity centered on its land and location. Built in 1951, the 1,170 sqft house sits on a notably large 6,010 sqft lot, which ranks in the top 10% for size on its street. The home features a basement and a detached garage, though the basement is noted as not being renovated.
The primary appeal lies in its above-average land size for the area, offering valuable outdoor space and future potential in a well-established community. The property’s assessed value consistently ranks above average for both the immediate street and the wider Jefferson area, suggesting it is viewed favorably within its local market context. Recent sale history indicates steady value appreciation.
This property would suit a buyer looking for a solid footprint in a mature neighborhood, who values a larger yard over a recently updated interior. It’s a candidate for those comfortable with a home that may require some modernization, or for an investor seeking a property with strong foundational value and land assets in a stable area.
Section 2: Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It usually indicates the basement retains its original finishes and mechanical systems. Buyers should budget for potential updates and consider a thorough inspection to assess condition, insulation, and moisture control.
2. How significant is the lot size here?
Very. At over 6,000 sqft, the lot is substantially larger than many in Jefferson. This allows for more privacy, gardening space, play area, or future additions like a shed or expanded patio, which is a rare find in older neighborhoods.
3. The assessed value seems low compared to city-wide averages. Why?
The city-wide average includes much newer and larger homes across all areas. The assessed value is best compared locally; ranking in the top 18% in Jefferson shows this property is actually valued higher than most of its direct peers, reflecting its desirability within this specific market.
4. What can recent sold prices tell me?
The sold price ranges show a clear increase from 2017 to 2022, reflecting market trends and possibly added value. Requesting the exact sold price history can provide a precise benchmark for current value and help gauge the neighborhood’s trajectory.
5. Who is the ideal buyer for this home?
It’s ideal for a pragmatic buyer or young family seeking space to grow into. The appeal is for someone who sees the value in the land and location and is prepared to tailor the home to their needs over time, rather than someone seeking a move-in-ready, modernized property.