529 Mcadam Avenue

Property Overview

This 832 sqft one-storey home on a 4,497 sqft lot presents a practical and affordable entry point into Winnipeg’s Jefferson neighbourhood. Built in 1948, its key feature is a renovated basement, adding valuable functional space. The home is complemented by a detached garage. Its living space is notably compact compared to area averages, which translates to lower utility costs and less maintenance. The assessed value is very modest and sits around the average for the immediate area, suggesting a financially accessible property with stable municipal tax obligations.

The primary appeal lies in its efficiency and value. It suits first-time buyers seeking a manageable starter home without a large renovation project, thanks to the updated basement. It could also be an ideal investment property for a landlord looking for a lower-priced asset with solid fundamentals in a established community. A less obvious angle is its potential for someone looking to downsize and simplify, as the smaller footprint and single-level layout (assuming main-floor living) are easier to maintain.

Frequently Asked Questions

1. Is the living area too small?
At 832 sqft, the living area is below average for the street, neighbourhood, and city. This makes the home efficient and cost-effective to heat and maintain, but buyers should ensure the layout meets their spatial needs, with the renovated basement providing crucial extra space.

2. What does the assessed value indicate?
The assessed value of $29,100 is around the average for Mcadam Avenue and Jefferson. This typically suggests the property is in line with area norms and isn’t overvalued by the city for tax purposes, providing a degree of predictability for annual costs.

3. How updated is the home?
The listing specifically notes a renovated basement. The age of the home (1948) means the main structure and major systems (like roof, plumbing, electrical) are older and their condition should be verified through a professional inspection.

4. What are the comparable nearby properties like?
Recent nearby sales show homes with similar assessed values but varying sizes and conditions. For example, one reference property is larger (1,146 sqft) with a lower assessed value, while another is newer but smaller. This highlights the importance of viewing condition and layout beyond raw metrics.

5. How can I get exact historical sale prices?
Exact sold prices are not publicly displayed. The listing service offers to provide this data manually via email request, with a stated policy of not using contact information for unsolicited marketing.