1C-778 Mcmillan Avenue

Property Overview: 1C-778 Mcmillan Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, historically grounded property in Winnipeg's Mcmillan area. Built in 1912, its 824 sqft living space is typical for the immediate street but sits below the citywide average, positioning it as a more modestly scaled home. Its assessed value follows a similar pattern—around average for Mcmillan Avenue but below average for the broader city—suggesting a relatively accessible entry point within its neighbourhood context.

The appeal lies in its established location and straightforward practicality. It suits first-time buyers or investors seeking a foothold in a mature neighbourhood without a premium price tag. The 2023 sale price range indicates a history of being a value-oriented option. A thoughtful perspective for a home of this era is the potential for character, balanced against the reality that its age (114 years) places it among the older homes citywide, so a buyer's comfort with maintenance and updates is key. It’s not a standout in size or modern appraisal, but rather a solid, no-frills property for those prioritizing location and essentials over square footage or new construction.

Section 2: Frequently Asked Questions

1. How does this home’s size and value really compare to others?
While its living area is near the middle of the pack on its own street, it ranks below average compared to both the wider Mcmillan area and Winnipeg overall. Its assessed value tells a similar story. This indicates you’re looking at a more compact and modestly valued property within the broader market.

2. What should I consider given the home’s age (1912)?
Built in 1912, it is significantly older than the typical Winnipeg home. This can mean charming architectural details, but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Budgeting for ongoing maintenance is prudent.

3. The listing mentions getting the "exact sold price" via email. Why isn't it public?
Sold price data can be inconsistently reported in public records. The service offers to manually retrieve and provide the precise figure from reliable sources, ensuring you have accurate historical data for your assessment.

4. What are the "Nearby properties" listed, like 5B-778 Mcmillan Avenue?
These are other units within the same multi-building complex or very close subdivision at 778 Mcmillan Avenue. Reviewing their details can provide insight into the consistency of build quality, layout, and values within the immediate property group.

5. How useful are the "Similar assessed value" comparisons?
These properties, located in different neighbourhoods, share an identical municipal assessed value. They are useful for understanding what alternative options exist at the same tax valuation point across Winnipeg, highlighting how location influences price versus assessed value.