Property Overview: 448 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and renovated living space. Its key features include 1,028 sqft of living area, a renovated basement, and a detached garage. Built in 1950, the home sits on a 3,970 sqft lot.
The primary appeal lies in its solid value proposition within its immediate area. The assessed value is notably above average for the Jefferson neighbourhood, suggesting it is viewed favorably relative to nearby properties. The renovated basement adds modern, functional space without the need for immediate updates. While the lot size is smaller than many in the city, this can translate to lower maintenance, a significant consideration for many buyers today.
This property would suit first-time homebuyers seeking a move-in-ready foundation with updated essentials, or downsizers looking for a manageable single-level layout without a large yard to upkeep. It’s a home for those who prioritize value and condition within a specific community over maximizing square footage.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 19% within the Jefferson neighbourhood, meaning it is assessed higher than most comparable local properties. This often indicates above-average condition, improvements, or desirability for the area.
2. What is the significance of the renovated basement?
A renovated basement adds immediate functional living space, such as for a family room, home office, or additional bedrooms. It also suggests major foundational and moisture-control work has likely been addressed, a common concern in older Winnipeg homes.
3. Is the lot size a disadvantage?
While below the city average, the 3,970 sqft lot requires less maintenance in terms of landscaping, snow clearing, and general upkeep. This can be a benefit for buyers seeking a more manageable property without sacrificing indoor living space.
4. What can the sale history tell us?
The home sold previously in 2017 and 2021. The increase in sale price range between those dates aligns with broader market trends. This history shows the property has changed hands in relatively recent markets, providing useful price context.
5. Who might this home not suit?
Buyers seeking a large yard for gardening or recreation, or those needing extensive square footage above grade, may find the lot and living area dimensions limiting. It is best suited for those whose needs align with its efficient use of space.