Property Overview: 711 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975 bi-level home at 711 Mcmeans Avenue E in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include a renovated basement, 805 sqft of living space, and a 3,499 sqft lot. The home’s primary appeal lies in its value proposition: it is a lower-priced property in a stable neighbourhood, with a recent sale price significantly below city-wide averages. The lot size is notably more generous than many on its own street, offering relative outdoor space for the area.
This property would best suit first-time buyers, investors, or downsizers with a limited budget who prioritize function and location over size. Its compact living area requires efficient use of space, making it less ideal for growing families. A thoughtful perspective is that while the home ranks below average in size and assessed value for its neighbourhood, its above-average year-built ranking for the street suggests it may be a slightly newer construction than immediate neighbours, potentially implying fewer age-related issues. The renovated basement adds functional living space, which is a key asset in a smaller home.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. With 805 sqft of living area, it is notably compact, ranking below average for both the street and the wider Canterbury Park neighbourhood. Efficient layout and the renovated basement will be crucial to its livability.
2. What is the neighbourhood like?
Canterbury Park is an established, mature neighbourhood. The property data shows homes here typically have larger lots and are older on average than the city-wide norm, indicating a settled, residential character.
3. Why is the assessed value and recent sale price so much lower than the city average?
The lower value reflects the home’s smaller size, older age relative to its immediate neighbourhood, and the generally more affordable pricing in this specific area compared to the Winnipeg city-wide average.
4. Does the "renovated basement" mean it’s a legal suite?
The provided details confirm a renovated basement but do not specify if it is a legal, separate suite. This is a critical point to verify with the listing agent and city records, as it impacts value, insurance, and utility.
5. How does the lot size compare?
At 3,499 sqft, the lot is larger than over half of the properties on Mcmeans Avenue E, which is a relative strength. It offers more private outdoor space than many direct comparables, though it is still below the average lot size for Canterbury Park and Winnipeg overall.