Property Summary: 447 Mcmeans Avenue E
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1971. With 800 sqft of living space, it is notably smaller than most comparable homes in the area and across the city, positioning it as a more affordable, low-maintenance option. Its key features include a renovated basement and a detached garage. The lot size is also modest relative to the neighbourhood and city, which translates to less yard work.
The primary appeal lies in its value and manageability. The home's assessed value is modest, especially when compared to the city-wide average, suggesting a lower property tax burden and an accessible entry point into the market. Its recent sale history indicates it has been a stable, lower-value property. This home would suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills property. Its smaller scale makes it practical for someone looking to minimize upkeep costs and time spent on maintenance, offering a simpler lifestyle rather than expansive space.
Frequently Asked Questions
1. Is the smaller living space a significant drawback?
While below average in size, the 800 sqft layout, combined with a renovated basement, can be efficient for individuals, couples, or small families. The trade-off for less interior space is often lower utility costs and less to clean and maintain.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg average, the annual property taxes for this home are likely to be proportionally lower. This is a key factor in its overall affordability.
3. What does the "renovated basement" entail?
The listing notes the basement is renovated, but specifics on the finish quality, permits, or the nature of the renovation (e.g., cosmetic vs. structural) are not provided. This would be a critical point for a home inspection to verify the workmanship and ensure it meets current standards.
4. Are there any concerns with the year built (1971)?
Built 55 years ago, the home is around the average age for its immediate street but is actually newer than many in the Kildare-Redonda area. While this is a positive, it still means prospective buyers should budget for potential updates to aging components like roofing, windows, or the heating system, which are common for homes of this era.
5. How does the modest lot size impact potential for expansion or outdoor living?
The lot is smaller than most in the neighbourhood. This limits potential for large additions or extensive landscaping but also means minimal yard maintenance. It's ideal for someone who prefers a low-maintenance outdoor space or a simple patio setup.