Property Overview: 419 Mcadam Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home at 419 Mcadam Avenue presents a compelling blend of space, location, and value within Winnipeg's Jefferson neighborhood. Its primary appeal lies in its above-average living space—1,598 sqft ranks it in the top 13% for its street and an elite top 4% within Jefferson itself—offering more room than most comparable local homes. The property sits on a standard city lot and benefits from a renovated basement and a detached garage. Built in 1951, it is a relatively newer home for the immediate area, which often features houses from the early 1940s.
The home’s assessed value of $370k places it well above average for both Mcadam Avenue and the Jefferson area, suggesting it is perceived as a premium property in its local context. This is a home for buyers who prioritize interior square footage and modernized fundamentals in a mature neighborhood. It would suit a growing family needing more space without moving to the suburbs, or a value-conscious buyer looking for a home that stands out in its immediate community for its size and updated condition. A thoughtful perspective is that while the home is newer than many on its block, its 1950s construction still requires a buyer comfortable with the maintenance realities of a 75-year-old structure, balanced against the upside of its renovations and generous proportions.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
City-wide, the living area is above average, ranking in the top 26% of all Winnipeg homes. It offers more space than the typical city home, which averages around 1,342 sqft.
2. What is the property’s recent sales history?
Public records indicate the home sold between $315,000 and $345,000 in August 2020. For the exact sale price, you can request details via email from the listing service.
3. Is the lot size typical for the area?
Yes. The 5,408 sqft land area is around the average for both Mcadam Avenue and the Jefferson neighborhood, and is slightly below the city-wide average lot size.
4. Why is the assessed value considered "above average" for the street?
With an assessed value of $370k, this property ranks in the top 8% on Mcadam Avenue, where the average assessed value for comparable homes is approximately $297,000. This indicates it is valued significantly higher than most of its direct neighbors.
5. What does the "renovated basement" include?
The provided details confirm the basement has been renovated but do not specify the scope or finish. This would be a key point to clarify with the seller or listing agent to understand the quality and layout of the additional living space.