Property Summary: 678 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1975 on a standard city lot in Canterbury Park. Its key feature is a renovated basement, adding valuable finished space to the 900 sqft main floor. The home presents as an efficient, low-maintenance property, particularly appealing for its below-average assessed value relative to both the immediate street and wider city.
Its primary appeal lies in its position as an affordable entry point into the Winnipeg market. It suits first-time buyers, downsizers, or investors seeking a straightforward property with move-in-ready fundamentals and the added value of basement renovations. A thoughtful perspective is that while the living area is modest compared to the neighbourhood average, the renovated basement effectively expands the usable space, offering practical functionality without the premium price of a larger above-ground footprint. The lot size is also notably larger than many on the same street, providing better-than-expected outdoor space for the area.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, the main living area is 900 sqft, which is below average for both Canterbury Park and Winnipeg overall. However, the presence of a renovated basement significantly increases the usable living space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's smaller size, older age (though newer than many on its street), and the market values in its specific area. It indicates a more affordable tax base compared to many city properties.
3. What does "renovated basement" typically mean here?
While specific finishes aren't detailed, in homes of this era, a renovated basement usually means it has been finished into livable space, potentially including recreation rooms, additional bedrooms, or a bathroom. It should be verified for permits and condition.
4. Who would this property not suit?
It may not suit buyers looking for a large, modern home with ample above-ground square footage, multiple bathrooms, or a garage. Those needing substantial space for a growing family might find it cramped.
5. How does the lot size compare?
At 3,149 sqft, the lot is larger than many on Mcmeans Avenue E itself but is below the average for the broader Canterbury Park area. This means you get a relatively generous outdoor space for the immediate location.