293 Mclean Street

Property Overview: 293 McLean Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 1970-built bi-level home in Varsity View offers a practical and spacious layout on a large, 4,843 sqft lot. With 1,256 sqft of finished living space that includes a developed basement, it provides ample room for comfortable living. Its key appeal lies in its established neighbourhood setting and strong value proposition, having sold for $420,000 in early 2024—a figure that outperforms a significant portion of comparable homes in Winnipeg. The data suggests a property that is notably larger than most on its street and offers more living space than over half the homes in the city, positioning it as a solid, above-average offering in its class.

This home would suit first-time buyers or downsizers seeking a move-in-ready property without the premium of a brand-new build. It’s also a sensible fit for value-oriented buyers who prioritize lot size and interior space over newer construction or high-end finishes. A less obvious perspective is its potential for those who appreciate an established, tree-lined neighbourhood with a quiet streetscape, where the generous lot offers private outdoor space that newer infill properties often lack.

Section 2: Frequently Asked Questions

1. What is a bi-level layout, and what are its advantages?
A bi-level home features two levels separated by a short staircase from the main entry. This design typically creates a clear separation between living spaces (often on the upper level) and recreational or utility spaces (on the lower level), offering efficient use of square footage and a sense of distinct zones.

2. How does the recent sale price compare to the city’s assessment?
The home sold for $420,000 in January 2024, which is approximately 20% above its most recent municipal assessment of $349,000. This is not uncommon in active markets and reflects the price a buyer was willing to pay based on condition, location, and recent sales of similar properties.

3. The home was built in 1970. What should I consider?
While the home has been maintained, a build of this age may have original components, such as windows, roofing, or mechanical systems, that are nearing or past their typical lifespan. A thorough home inspection is essential to understand the condition and plan for any future updates.

4. There is no garage. What are the parking options?
The property does not include a garage. Parking would be via a driveway or on-street. The large lot size does offer potential for adding a parking pad or future garage, subject to local zoning and permit approvals.

5. The rankings show the home is "newer" than 53% of houses on its street but only 34% in the community. What does this mean?
This indicates McLean Street has many older homes, making this 1970s build relatively newer on the block. However, the wider Varsity View community includes many newer homes or recent renovations, which shifts its relative age ranking when compared to the entire neighbourhood. It highlights the varied character of the area.