Property Overview
552 Mcmeans Avenue E is a one-storey home in Winnipeg's Kildare-Redonda neighbourhood. Built in 1970, it features 988 sqft of living space, a renovated basement, and a detached garage on a 4,999 sqft lot. Recent data shows it sold in July 2024 for between $34.5k and $37.5k, with an assessed value of $32.1k.
Key Features & Buyer Profile
This home’s primary appeal lies in its solid positioning within its immediate area. While its living space is modest city-wide, it ranks above average for both lot size and assessed value on its own street, suggesting it is a well-regarded property in a consistent local context. The renovated basement adds functional living space, and the detached garage offers practical storage or workshop potential.
It would suit a practical, value-oriented buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes a stable neighbourhood over a large interior. The numbers indicate you’re buying a property that holds its own among its direct peers, offering a sense of security rather than standout city-wide features. A thoughtful perspective is that this property represents the "backbone" of the local market: not the largest or newest, but a competitively maintained home that contributes to the area's stability.
Frequently Asked Questions
1. How does this home compare to others nearby?
Within the Kildare-Redonda neighbourhood and specifically on Mcmeans Avenue E, this home is consistently around or above average for key metrics like assessed value and land area, indicating it is a competitive property in its local market.
2. What does the sold price range (July 2024) indicate?
The reported sale price of $34.5k to $37.5k, which is close to its $32.1k assessed value, suggests a transaction that was in line with official valuations, pointing to a stable and realistic market price at that time.
3. Is the lot size a significant feature?
Yes. At nearly 5,000 sqft, the lot ranks above average for the street. This provides more outdoor space than many immediate neighbours, offering potential for gardening, expansion, or simply more privacy.
4. What is implied by having a "renovated basement"?
While specific finishes aren't detailed, a noted renovation typically means the lower level has been updated for modern use, adding valuable functional space to the 988 sqft main floor, which increases the home's overall utility.
5. How current is this price and sale history?
The most recent sale data is from July 2024, which is very recent. The assessed value is a government valuation used for tax purposes and may not reflect immediate market fluctuations, but the close alignment with the 2024 sale price suggests it is a relevant benchmark.