389 Mcmeans Avenue E

Property Overview

This 720 sqft bi-level home at 389 Mcmeans Avenue E in Winnipeg's Kildare-Redonda neighborhood presents a compact, efficient living option. Built in 1970, it sits on a 3,099 sqft lot and features a renovated basement and a detached garage. Its key appeal lies in its relative affordability and manageability, underscored by an assessed value that is modest compared to broader city averages. The home's living space is notably smaller than most in the area, which translates to lower utility costs and less maintenance. It last sold in late 2022 for an estimated price range that aligns closely with its current assessment.

This property would suit first-time buyers seeking an entry point into the market, downsizers looking to reduce their footprint and upkeep, or practical investors interested in a straightforward rental property. Its size and value proposition are best suited for those who prioritize financial efficiency and a simpler lifestyle over spaciousness.

Frequently Asked Questions

1. How does the size of this home compare to others?
At 720 sqft of living area, this home is smaller than the majority of homes on its street, in the Kildare-Redonda area, and across Winnipeg. This is a defining characteristic that influences both its price and its practical use.

2. What does the assessed value indicate?
The assessed value of approximately $28,100 is around average for its immediate street but is below the average for both the wider neighborhood and the city. This suggests the property is positioned as a more affordable option within its local context.

3. Is the basement finished?
Yes, the listing specifies that the basement has been renovated.

4. What is the property's history of sale prices?
Based on public data, it sold in October 2022 for an estimated range of $24,500 to $27,500, and prior to that in July 2016 for an estimated $17,500 to $20,500. Exact sale prices require a direct request to the site.

5. What are the less obvious considerations for a home of this size?
The compact living area encourages a minimalist lifestyle and efficient use of space, which can be a benefit for the right buyer. Additionally, with a smaller lot and home, outdoor maintenance and overall utility consumption are typically reduced, offering ongoing cost savings. However, storage and space for guests will require thoughtful planning.