Property Overview
615 Mcadam Avenue is a well-maintained bi-level home in Winnipeg's Jefferson neighbourhood. Built in 2010, it stands out as a significantly newer construction compared to most homes in the area. The house features 834 sqft of living space, a renovated basement, and a detached garage. Its assessed value is notably strong for its immediate vicinity, ranking well above the local averages. The lot is modestly sized at just under 3,000 sqft.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern build year, offering a move-in-ready home with less concern for major aging infrastructure repairs common in older neighbourhoods. Its above-average assessment for the street and area suggests it is well-maintained and potentially updated. The renovated basement adds functional living space.
This home would suit first-time buyers or downsizers seeking a low-maintenance, modern property in an established neighbourhood. It’s also a practical choice for value-focused investors, as the strong assessed value and newer build likely translate to lower immediate upkeep costs and reliable tenant appeal. A less obvious perspective is that the compact lot and living space, while below area averages, promote a simpler, more efficient lifestyle without the burdens of extensive yard work or unused rooms.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 834 sqft, the living area is below the average for similar homes on Mcadam Avenue, in Jefferson, and across Winnipeg. This indicates a compact, efficient layout.
2. Why is the assessed value higher than the neighbourhood average?
The assessed value ranks in the top 16% on its street and top 9% in Jefferson. This is likely due to the home's modern build year (2010) and renovated condition compared to the area's typically much older housing stock.
3. What are the implications of the lot size?
The land area is below average, which means a smaller yard. This can be a positive for those seeking minimal outdoor maintenance, but a limitation for those wanting extensive garden space or outdoor amenities.
4. How recent is the sale history?
The last recorded sale was in March 2019, with a sold price range between $24.5k and $27.5k. Note that exact sold prices require a direct request to the listing source.
5. What does the "Elite" ranking for Year Built mean?
Built in 2010, the home is newer than 97% of comparable homes on its street and in Jefferson. This "Elite" ranking highlights its rarity as a modern property in a neighbourhood of mostly mid-20th century or older homes.