Property Overview
This 1,040 sqft bungalow at 124 Mcmeans Avenue W in Winnipeg's Radisson neighbourhood presents a solid, value-oriented opportunity. Built in 1959, it sits on a near 5,000 sqft lot. Its primary appeal lies in its strong positioning within its immediate context. The home offers above-average living space for its street and area, and its assessed value of $313k is notably above the street average, suggesting it is a well-regarded property on its block. It last sold in May 2021 for between $300k and $350k.
This home would suit first-time buyers or practical investors looking for a manageable property in a stable area. It’s particularly compelling for those who value being a "bigger fish in a smaller pond"—it stands out positively on its own street compared to many city-wide alternatives where you might get less for your money. The lot size, while below the neighbourhood average, is still generous and offers potential for outdoor space or future expansion, a less obvious advantage for a home of this vintage.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it compares very well on its own street. It ranks in the top 20% for living area and top 29% for assessed value on Mcmeans Avenue W, meaning it's a larger and more valuable home than most of its direct neighbours.
2. Is the 1959 build date a concern?
The year built is older than most on its street. Buyers should budget for a thorough inspection to assess the condition of major aging components like the roof, foundation, and plumbing, which is a standard consideration for any home of this era.
3. What does the assessed value tell us?
The $313k assessment is above the street average but aligns closely with the neighbourhood and city averages for similar homes. This indicates the property is likely in line with market valuations for its type and area, not an outlier.
4. How reliable is the sold price data shown?
The listed sale range from 2021 is based on public records, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as explained in the data notes.
5. What is the potential here for future value?
The combination of an above-average sized home on a decent lot for the street could be a foundation for value growth, especially if similar nearby properties are modernized. Its strong street-level rankings suggest it may already be one of the more desirable properties on the block.