Property Overview
This one-storey home at 454 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a practical and well-maintained living option. Built in 1950, its key appeal lies in a recently renovated basement, adding valuable finished space to the 1,042 sqft footprint. The home sits on a modest, manageable lot just under 4,000 sqft and features a detached garage.
Its standout characteristic is its strong value proposition within its immediate area. The assessed value consistently ranks above average for both Mcadam Avenue and the wider Jefferson neighbourhood, suggesting the property is in good condition relative to its peers. Recent sold price data from 2024 and 2022 also indicates it has commanded prices well above the local average. This points to a home that has been cared for and is likely updated.
This property would suit first-time buyers or downsizers looking for a solid, move-in-ready home without an overly large yard to maintain. It’s also a sensible choice for value-conscious buyers who prioritize a home's condition and investment potential over sheer size, as it offers more interior finish quality than many comparable homes in the area.
Frequently Asked Questions
What does the "above average" assessed value ranking mean?
It indicates the city's assessed value for this home is higher than most similar properties on its street and in Jefferson. This often reflects recent improvements, like the renovated basement, and better overall condition compared to neighbourhood averages.
Is the lot size a disadvantage?
At 3,970 sqft, the lot is smaller than many Winnipeg properties. However, this translates to less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. It's a trade-off between expansive outdoor space and practicality.
How recent are the renovations?
The listing specifies the basement is renovated, but the exact date or scope of the work isn't detailed. This would be a key point to clarify with the seller or a viewing to understand the quality and finish of the space.
The home sold recently in 2024. What does that indicate?
The quick resale could suggest a number of things, from an investor flipping the property to a personal circumstance change for the previous owner. It does, however, provide a very recent and relevant market price point to consider.
How does the living area compare to nearby homes?
At 1,042 sqft, the living area is slightly below the average for Mcadam Avenue but is actually above the average for the Jefferson neighbourhood. This highlights that it's a comfortably sized home for the area, especially when combined with the renovated basement space.