Property Overview
This two-storey home on Mcmeans Avenue E presents a practical opportunity in Winnipeg's Kildare-Redonda neighbourhood. Built in 1968, its key characteristic is a renovated basement, adding valuable finished living space to the 1,064 sqft footprint. The home sits on a 3,000 sqft lot and includes a detached garage.
The appeal lies in its efficient use of space and established location. While the lot size is modest compared to area averages, this can translate to lower maintenance. The living area is notably above average for both the immediate street and the wider neighbourhood, suggesting a well-utilized floor plan. The renovated basement is a significant functional upgrade. The assessed value sits below area averages, which may indicate potential value relative to other local properties.
This home would suit first-time buyers or downsizers looking for a manageable, move-in-ready property with updated living space in an established community. It's also a sensible fit for value-conscious buyers who prioritize interior space over a large yard.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This is a key detail to clarify with the seller or agent to understand if it's a finished recreational space, contains additional bedrooms, or includes updated utilities.
How does the lot size affect the property?
At 3,000 sqft, the lot is smaller than many in the area. This means less yard maintenance, but also limited private outdoor space and potential for future expansions like additions or large decks. The placement of the detached garage will also influence the usable backyard area.
Why is the assessed value below neighbourhood averages?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including lot size, specific home features, and recent sales of comparable properties. It doesn't necessarily reflect market value, but the discrepancy suggests reviewing recent sale prices of similar homes on the street is crucial.
What is the significance of the 2020 sale price range?
The home sold for an estimated $215,000-$245,000 in mid-2020. This provides a historical benchmark. Understanding how local market conditions and any improvements made since that date have influenced current value is important.
Are there any obvious concerns with a home of this age?
While the basement has been renovated, a home built in 1968 will have core aging components. The roof, windows, plumbing, and electrical systems should be carefully inspected to gauge their condition and remaining lifespan, regardless of interior updates.