Property Overview: 580 Mcmeans Avenue E
Key Characteristics & Appeal
This one-storey home in Kildare-Redonda presents a practical opportunity with a few distinct advantages. Its key characteristic is a renovated basement, adding valuable finished space to the 833 sqft main living area. The detached garage and a notably generous lot size of 4,999 sqft—which ranks well above average for its immediate street—offer solid utility and outdoor potential.
The appeal lies in its position as a grounded, no-frills property. It’s not the largest or newest home, but it sits on a desirable lot and has seen key updates. The assessed value is consistent with the area, and past sale data suggests stable market interest. It would suit first-time buyers looking for a manageable footprint with room to grow outdoors, or an investor seeking a rentable property with a proven history in a established neighborhood. A thoughtful perspective is that while the home’s size is below the city average, its lot size is a compensating asset that provides a sense of space and future flexibility that many similarly priced properties lack.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 833 sqft, the living area is slightly below the average for the Kildare-Redonda area but is fairly typical for homes on Mcmeans Avenue E itself. The renovated basement effectively expands the usable space.
2. What is the significance of the lot size?
The 4,999 sqft lot is a standout feature, ranking in the top 22% on its street. This means the property offers more outdoor space than most direct neighbors, which is a valuable and less common asset in mature neighborhoods.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $300k is a municipal valuation for tax purposes. While it provides a general benchmark and aligns with recent sale prices of similar homes in the city, market conditions will ultimately determine the sale price.
4. What can past sale data tell us?
The home sold in July 2021 for a price range reported between $295k and $325k. This indicates active market interest a few years ago and provides a recent price point for comparison, though current value will be influenced by today’s market.
5. Who would this property best suit?
This home is well-suited for buyers prioritizing lot size and a renovated basement over a large main floor plan. It’s a practical choice for those comfortable with a home from the late 1960s that offers solid fundamentals—good land, basic updates, and neighborhood stability—rather than modern finishes or expansive square footage.