Property Overview: 414 Mcadam Avenue
Key Characteristics & Appeal
This single-storey home at 414 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key strength lies in the generous 6,258 sqft lot, which places it in the top 5% of properties in Jefferson for land area. This offers significant outdoor space and potential for gardening, expansion, or future development, a notable advantage in an urban setting. The home itself, at 1,159 sqft of living space, is competitively sized for the area and features a renovated basement, adding functional space. A detached garage provides flexible storage or workshop potential.
The appeal is grounded in solid fundamentals rather than luxury finishes. With an assessed value significantly above the local averages for both its street and neighbourhood, the property suggests a strong underlying value proposition for the area. It suits buyers looking for a home with a substantial yard in a well-established community, particularly those who value space over a recently built structure. It’s a practical choice for first-time homeowners seeking room to grow, or for investors attracted by the lot size and the value indicated by its assessment history.
Frequently Asked Questions
1. What is the exact recent sale price?
The provided data shows a sold price range from July 2024. For the precise sale price, you can request it via email from the listing source, which provides this detail manually.
2. How does the lot size compare to nearby properties?
The lot is a standout feature. At over 6,250 sqft, it is notably larger than the average lot in both the immediate area and across Jefferson, ranking in the elite top 5% for the neighbourhood.
3. Is the home older, and what does that mean?
Built in 1951, the home is older than the Winnipeg city-wide average but is actually newer than many comparable homes on its street and in Jefferson. This suggests a well-established streetscape with mature properties.
4. What does the above-average assessed value indicate?
The assessed value is above the local averages, which can signal that the property is viewed as having desirable attributes (like its lot size and renovations) compared to its peers. It's important to review this in the context of recent sale prices and current market conditions.
5. Are there any obvious concerns from the data?
The data does not show a pool, and the home is a classic one-storey with a basement, which may not suit those seeking a modern, open-concept layout. The detached garage, while flexible, means you’ll be going outside to access your vehicle.