533 Mcadam Avenue

Property Overview: 533 Mcadam Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the Jefferson neighbourhood presents a practical opportunity, particularly for its generous lot size. Built in 1947, the 845 sqft house sits on a nearly 6,000 sqft property—a lot that is significantly larger than most in the immediate area and Jefferson neighbourhood. The home features a renovated basement and a detached garage.

Its primary appeal lies in its land value and potential. The lot is a standout feature, offering ample outdoor space for gardening, expansion, or future development in a city where larger parcels are becoming less common. The renovated basement adds functional living space. While the living area is modest and below the city average, the property’s assessed value is positioned around the average for its street and neighbourhood, suggesting it is viewed as a solid, value-conscious entry in the local market.

This property would suit first-time buyers or practical investors looking for a footprint with room to grow. It’s a home for someone who values private outdoor space over a large interior and is comfortable with a character home from the 1940s. The data suggests it’s not a luxury offering, but a grounded property where the land itself is a key asset.

Section 2: Frequently Asked Questions

1. How does the lot size compare to typical properties?
The land area of 5,995 sqft is a key feature. It ranks in the top 22% on its own street and the top 10% within the Jefferson neighbourhood, meaning it is substantially larger than most comparable local properties.

2. Is the living space smaller than average?
Yes. With 845 sqft of living area, it is below the average for both the immediate area and Winnipeg overall. This indicates a more compact main floor plan, though the renovated basement provides additional finished space.

3. What is the context for the home’s assessed value?
The assessed value of $27,800 is around the average for Mcadam Avenue and the Jefferson neighbourhood. However, it falls below the wider Winnipeg average, reflecting the home’s modest size and the area’s market conditions.

4. When was it last sold, and for roughly how much?
Public records indicate a sale in March 2017, with a price range between $20,500 and $23,500. Exact sale prices require a direct request to the listing service.

5. What are the homes nearby like?
The immediate neighbours on Mcadam Avenue are homes of similar vintage and scale. The provided comparable listings show a mix of slightly smaller and slightly larger homes in Jefferson, with assessed values generally ranging from the high $19,000s to the mid $30,000s.