Property Overview: 591 Mcadam Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. Its key appeal lies in a balanced set of characteristics: a renovated basement, a detached garage, and a living space (1,287 sq. ft.) that is comfortably above average for the immediate area. The lot size is a significant asset, ranking in the top 10% within Jefferson at nearly 6,000 sq. ft., offering ample outdoor space that is less common in many city lots.
The home suits buyers looking for a grounded, no-frills property with room to breathe. It would fit a first-time buyer seeking a manageable footprint with upgrade potential, or an investor attracted by the below-average citywide assessed value and the renovated basement, which could support rental income. Its appeal is more utilitarian than luxurious; it’s a property where value is derived from space, practicality, and its position as a solid, middle-of-the-road offering in its specific community rather than standout citywide metrics.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value is around average for both Mcadam Avenue and the wider Jefferson area, but ranks below average citywide. This suggests it is priced consistently within its immediate market, potentially offering more space for your dollar compared to Winnipeg as a whole.
2. Is the lot size usable, or is it an irregular shape?
At 5,994 sq. ft., the lot is notably larger than most in Jefferson. While the listing doesn’t specify the shape, the size itself offers clear potential for gardening, expansion, or adding outdoor amenities like a shed or patio.
3. What does “one-and-a-half storey” typically mean for a 1947 home?
This style often features a main floor with principal rooms and a second floor under sloped roofs, creating cozy bedrooms with potentially lower ceilings. It’s a classic Winnipeg design that maximizes space efficiently.
4. The home last sold in 2019. What might have changed since then?
The renovated basement likely occurred under the current ownership. Given the sale was several years ago, other updates may have been made, which would be important to verify during a viewing or through the seller’s disclosure.
5. How does the detached garage impact winter usability?
A detached garage is common for homes of this era. It provides secure storage and parking but requires going outdoors in winter weather. For some, this is a minor trade-off for the character and larger yard the property layout allows.