116 Mcmeans Avenue W

Property Overview: 116 Mcmeans Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,001 sqft bungalow, built in 1959, presents a solid, value-oriented opportunity in the Radisson neighborhood. Its primary appeal lies in its strong standing within its immediate community. The home ranks well above average for both living space and assessed value on its own street, suggesting it is a larger and more valuable property compared to many of its closest neighbors. With a lot size just under 5,000 sqft, it offers a good balance of house and yard for the area.

The property would suit pragmatic buyers looking for a home that represents good value within a specific, established locale rather than one that leads city-wide metrics. It’s ideal for a first-time buyer or an investor seeking a property that outperforms its immediate peers, offering potential stability and relative advantage on the block. A thoughtful perspective is that while its size is below the Winnipeg average, this can translate to lower utility costs and less maintenance, appealing to those seeking efficiency. The data indicates you’re buying a "big fish in a small pond" on Mcmeans Avenue W, which can be a smart strategy for neighborhood-centric living.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales?
Based on late 2024 sale data, the sold price range of CA$300k–350k placed it in the top 15% of sales on its street and the top 27% in Radisson, indicating it sold for a strong price relative to its direct area.

2. Is the house older than others nearby?
Yes. Built in 1959, it is older than the average home on Mcmeans Avenue W. This suggests potential for character but also means a thorough inspection for updates to major systems (roof, wiring, plumbing) is essential.

3. What does the "below average" city-wide living area mean for me?
At 1,001 sqft, the home is smaller than the Winnipeg average (~1,342 sqft). This is a key consideration for growing families needing ample space but can be perfect for individuals, couples, or those looking to minimize square footage to heat, clean, and maintain.

4. How reliable is the sold price data shown?
The displayed price ranges are based on publicly available data, not the MLS. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email from the site.

5. The assessed value seems high for the street. Is that good?
The assessed value of $337k is above the street average, ranking in the top 11%. This typically reflects the municipality’s view of the property’s worth relative to its neighbors, often based on lot size, living area, and condition. It can be a positive indicator of the property’s standing but is not a direct marker of market sale price.