Property Overview: 355 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 688 sqft bungalow, built in 1970 on a 3,099 sqft lot, presents a specific and compelling value proposition. Its key appeal lies in its position as a competitively priced entry point into the Winnipeg market, particularly within the Kildare-Redonda neighborhood.
While the living area is notably compact—ranking in the top 94-97% smallest homes across all comparison levels—this translates directly to a lower assessed value of $277,000. This value is around average for its immediate street but sits below the neighborhood and city averages, offering relative affordability. The lot size is also modest, meaning lower maintenance. The home’s year of construction is typical for the area.
This property would ideally suit first-time buyers, downsizers, or pragmatic investors seeking a functional footprint with minimal upkeep. Its appeal is grounded in efficiency and location rather than size. A thoughtful perspective is that this home represents a "right-sized" opportunity: you are paying primarily for the land and location within a stable neighborhood, without a premium for excess interior space that may not be needed. It’s a strategic purchase for those who value financial accessibility and a simpler lifestyle over square footage.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 688 sqft, the home is significantly smaller than average. It requires efficient use of space and would suit individuals, couples, or those comfortable with a compact, low-maintenance layout.
2. How does the assessed value compare?
At $277k, the assessment is competitive. It's near the street average but below broader area averages, suggesting the price reflects the smaller size and could offer an affordable entry into the neighborhood.
3. What does the lot size mean for me?
The 3,099 sqft lot is smaller than most in the area. This means less yard maintenance, which is a benefit for those seeking simplicity, but less private outdoor space for gardening or recreation.
4. Is a 1970-built home a concern?
The build date is typical for the street and city. As with any home of this era, a thorough inspection is key to understand the condition of major systems like roof, wiring, and plumbing.
5. Who would this property not suit?
It likely won't fit buyers needing multiple bedrooms, dedicated home office space, or extensive room for growing families. Those prioritizing large private yards or newer construction may also want to look elsewhere.