Property Overview: 576 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, is a classic Jefferson neighbourhood property that represents a straightforward, value-oriented opportunity. Its key appeal lies in its solid positioning as an average-sized home in an established area. With 1,230 sqft of living space and a 4,496 sqft lot, it sits comfortably around the median for its immediate street and the wider Jefferson area, offering a manageable scale without feeling cramped.
The home suits practical buyers looking for a foothold in a mature neighbourhood. Its assessed value is modest compared to the city-wide average, which could appeal to first-time homeowners, investors, or those seeking lower property tax obligations. The detached garage and basement (noted as unrenovated) provide functional space for storage, hobbies, or future potential. A less obvious perspective is that a home ranking consistently "around average" in its immediate locale can offer stability and predictability, insulating it from the extremes of over-improvement or under-performance found in more outlier properties. It’s a home for someone who values the character of an older neighbourhood and sees a baseline from which to personalize over time.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,230 sqft, the living area is very close to the average for both Mcadam Avenue (avg. ~1,184 sqft) and the Jefferson neighbourhood (avg. ~1,029 sqft). It provides a typical amount of space for the area.
2. What is the significance of the assessed value?
The assessed value of $28,700 is around average for Jefferson. It's notably below the city-wide average, which generally indicates a more affordable property tax base compared to many homes across Winnipeg.
3. What should I know about the condition?
The listing explicitly notes the basement is "not renovated." Buyers should budget for potential updates or repairs common to homes of this era (built 1949) and view the basement as functional space rather than finished living area.
4. Can I see the exact historical sale prices?
The provided sold price history shows a range. The exact sale prices are not publicly displayed online, but the listing service offers to provide them manually via email upon request.
5. How does the lot size impact the property?
The lot of 4,496 sqft is slightly below the street average but very typical for Jefferson. It provides a standard urban yard space, which is consistent with the neighbourhood's character and density.