Property Overview
540 Mcmeans Avenue E is a well-situated one-storey home in Winnipeg's Kildare-Redonda neighbourhood. Built in 1970, it features 833 sqft of living space, a renovated basement, and a detached garage. The property stands out for its generous 4,999 sqft lot, which is notably larger than many on its street. Its assessed value is strong relative to immediate neighbours, suggesting good standing in the local market.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient layout and above-average land size for the area, offering room for gardening, expansion, or outdoor living. The renovated basement adds functional living space, a valuable asset in a smaller-footprint home. It suits first-time buyers seeking an affordable entry into homeownership with room to grow, or downsizers looking for a manageable single-level layout without sacrificing yard space. A thoughtful perspective is that while the living area is modest city-wide, its above-average assessment on the street indicates it may offer better finishes or condition than neighbouring properties, representing good value within its immediate context.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 4,999 sqft lot is above average for Mcmeans Avenue E, ranking in the top 22% on the street. It provides more outdoor space than many comparable homes in the immediate area.
2. What is the significance of the assessed value being in the top 19% on the street?
This suggests that, according to municipal assessment, this property holds a higher value relative to most of its closest neighbours. This can sometimes reflect factors like updates, condition, or the desirable lot size.
3. Is the living space smaller than average?
Yes. With 833 sqft, the living area is below the average for both the Kildare-Redonda area and Winnipeg overall. This points to a compact, efficient layout rather than a spacious one.
4. When was it last sold and for approximately how much?
The property was sold in May 2020. The public price range for that sale was between $24.50k and $27.50k. The exact sale price can be requested directly from the site.
5. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent to understand the finish quality and layout of the additional space.