Property Summary: 490 Mcmeans Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 5,199 sqft lot presents a practical opportunity in Winnipeg's Kildare-Redonda neighbourhood. Its key appeal lies in a balance of space and value. While the 833 sqft living area is modest and below the city average, it is complemented by a renovated basement, adding functional space. The standout feature is the lot size, which ranks in the top 7% for its immediate street, offering above-average outdoor space for the area—a valuable asset for gardening, play, or future expansion.
The home suits first-time buyers or downsizers seeking a manageable, single-level layout with a low-maintenance footprint. Its assessed value is strong for the street, suggesting it is a well-regarded property in its micro-location. The detached garage adds utility. A thoughtful perspective is that this property represents a "land-value play" in an established area; the lot itself is a significant portion of the asset, offering potential that isn't immediately apparent from the living space alone. It’s a home for someone who values private outdoor space over a large interior, in a neighbourhood where lot sizes can vary significantly.
Frequently Asked Questions
1. How does the home's size compare to others?
The living space is 833 sqft, which is below average for both the wider city and the Kildare-Redonda area. However, it is closer to the average for homes on Mcmeans Avenue E itself. The renovated basement provides additional usable space.
2. What is the significance of the lot size?
The 5,199 sqft lot is a key feature. It is notably larger than most on the same street (ranking in the top 7%), providing more yard space than is typical for the immediate vicinity.
3. What does the assessed value tell us?
At $32,500, the assessment is above the average for the street, indicating it is likely viewed as a higher-value property in its direct comparison group. City-wide, its assessment is around the median.
4. When was it last sold and for how much?
Public records indicate a sale between January 2018, with a price range reported between $22,500 and $25,500. For the exact sale price, you can request the information directly via the provided email service.
5. What are the nearby properties like?
The immediate neighbours on Mcmeans Avenue E are homes of very similar style and vintage, suggesting a consistent streetscape. The listing also shows homes with identical assessed values in various other Winnipeg neighbourhoods, providing context for its municipal valuation.