Property Summary: 418 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, single-storey home built in 1970, offering a practical and manageable footprint of 852 square feet. Its key characteristic is a sense of balance: while the living space is modest, the property sits on a notably generous 5,000 sqft lot for its immediate area, providing valuable outdoor space and potential. The home features a renovated basement and a detached garage. Its assessed value is consistently around the average for its neighborhood, street, and the wider city, suggesting it is priced in line with market norms without significant premium or discount.
The appeal lies in its efficiency and lot size. It suits first-time buyers or downsizers seeking a lower-maintenance home without sacrificing yard space. It’s a straightforward property in a mature neighborhood, ideal for those who value a larger outdoor area for gardening, pets, or future expansion more than expansive interior square footage. A thoughtful perspective is that its "average" metrics across the board indicate stability and predictability, which can be an advantage for buyers wary of overpaying for a trendy area or underbuying in a declining one.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,000 sqft lot is above average for Mcmeans Avenue E itself, ranking in the top 17% on the street. This is a standout feature, offering more private outdoor space than many direct neighbors.
2. Is the living area smaller than typical homes?
Yes. At 852 sqft, it is below the average for both the Kildare-Redonda area and Winnipeg citywide. This indicates a cozy, efficient layout best suited for individuals, couples, or small families.
3. What is the significance of the "around average" assessed value?
It means the home’s official valuation is very typical for its location. On its street, in the neighborhood, and across the city, it ranks between the 34th and 68th percentiles. This suggests the property is not uniquely over- or under-valued based on core metrics.
4. Has the home been updated recently?
The listing confirms a renovated basement, which is a functional upgrade. The main level, given the 1970 build date, may retain its original layout and likely requires consideration of the age of major systems like roof, windows, and HVAC.
5. Where can I find the exact historical sale price?
The listed sale price from July 2021 is a public range. The exact, precise sale figure is available by request directly from SaveOnHouse via email, as noted in the property details.