Property Overview: 646 Mcadam Avenue
Key Characteristics & Buyer Appeal
This one-storey home on a generous 5,399 sqft lot in Winnipeg's Jefferson neighbourhood presents a practical and value-oriented opportunity. Built in 1953, it is notably newer than many homes in the immediate area and offers a renovated basement, adding to its functional living space. With 1,032 sqft of living area, it sits comfortably within the average range for its local context. A key point of appeal is its detached garage, a valuable asset for storage, hobbies, or vehicle protection.
The home’s assessed value positions it strongly within Jefferson, ranking above average for the neighbourhood. This suggests a solid foundation of value relative to its peers. The property would suit first-time buyers seeking a manageable, single-level layout with modernized basics, or investors looking for a character home with rental potential (subject to due diligence). Its appeal lies in its relative modernity for the area, the finished basement space, and the lot size which offers room for gardening, play, or future expansion.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,032 sqft, the living area is slightly below the average for Mcadam Avenue but is very close to the typical size for the wider Jefferson neighbourhood. The renovated basement effectively adds usable space beyond this main floor measurement.
2. What does the "above average" assessed value ranking for Jefferson mean?
It indicates that, according to municipal assessment, this property holds a higher value than roughly 81% of comparable homes in the Jefferson area. This can be a marker of the home’s condition, improvements, or desirable attributes relative to its immediate market.
3. Is the detached garage a standard feature for homes here?
Not necessarily. Many older homes in Winnipeg neighbourhoods have carports or only on-street parking. A detached garage is a practical advantage, providing secure storage and parking without consuming main floor living space.
4. The sold price history shows a wide range. Why is that?
The displayed range is based on public data estimates. For precise historical sale figures, you must request the exact data via email. This process ensures accuracy, as official sale prices are not always publicly listed in detail.
5. The home is older. Should I be concerned about major systems?
While the 1953 build date is newer than many area homes, a standard inspection remains crucial. Particular attention should be paid to the original plumbing, electrical updates, and the foundation, common consideration points for homes of this era. The renovated basement should be checked for proper permits and moisture control.