Property Summary: 482 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda presents a practical and value-oriented opportunity. Its key characteristic is a clear contrast: the living space is a compact 833 sqft, which is modest for the area and city, but it sits on a notably larger-than-average lot for its immediate street (over 5,199 sqft). The home benefits from a renovated basement and includes a detached garage. Built in 1970, its assessed value is strong for the neighborhood, suggesting it is well-maintained or has seen improvements relative to nearby properties.
The appeal lies in this balance of a manageable, updated living space with the potential of a generous yard—a combination that is becoming rarer. It suits first-time buyers seeking an affordable entry into the market without sacrificing outdoor space, or practical downsizers looking for single-level living with room for a garden or storage. A less obvious perspective is its appeal to a value-focused buyer who understands that a high assessed value relative to local averages can sometimes indicate a property that is "maximized" for its footprint, potentially offering a stable investment in the community.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 833 sqft, the living area is below the average for both the Kildare-Redonda area and Winnipeg overall, making it a more compact, manageable home. However, the lot size of 5,199 sqft is significantly larger than most on its street.
2. What does the assessed value tell me?
The assessed value of $33,400 is above average for both the immediate street and the broader neighborhood. This typically suggests the property has been maintained or updated in a way that adds value compared to its peers.
3. Has the property's value increased?
Based on available sold price ranges, the property sold for between $27.5k-$30.5k in March 2021 and again for between $29.5k-$32.5k in September 2022, indicating a trend of stable or slightly appreciating value in that period.
4. What are the less obvious pros and cons?
A notable pro is the large lot for the area, offering rare expansion or outdoor potential. A consideration is that the above-average assessment, while positive, may also relate to higher property taxes compared to similar-sized homes on the street.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the "Get exact sold price history" feature on the listing page, and the team aims to provide them via email by the end of the same business day.