Property Overview: 747 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Canterbury Park is defined by its practical efficiency and relative value. Built in 1975, it is notably newer than most immediate neighbors, suggesting potentially fewer age-related issues than older area homes. The 900 sqft living space is modest but functional for the street, while the renovated basement adds valuable finished space. The lot, at just under 3,000 sqft, is smaller than area averages, resulting in lower maintenance.
Its primary appeal lies in being an accessible entry point into the Winnipeg market. With a historically low sale price compared to city and neighborhood averages, it represents a lower barrier to entry. The appeal is practical rather than luxurious, suited for first-time buyers, downsizers, or investors seeking a straightforward, manageable property. A thoughtful perspective is that the smaller lot and home size translate directly to lower ongoing costs for utilities, taxes, and upkeep, offering a different kind of value beyond the purchase price.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While below average for the area, it means less yard work and lower exterior maintenance costs. It’s a trade-off that prioritizes efficiency over expansive outdoor space.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or rooms. A professional inspection is recommended to determine the quality, layout, and if it includes legal egress.
3. How does the 1975 build year compare?
This is a positive standout. The home is newer than most on its street and in Canterbury Park overall, which can be advantageous for major systems like wiring, plumbing, and insulation.
4. Who might this property not suit?
It may not fit buyers seeking ample indoor living space, a large garage (it has none), or a sizable yard for gardening or recreation. The layout and storage should be carefully considered for growing families.
5. Why was the assessed value significantly lower than the sale price?
Municipal assessed value for tax purposes is not a direct indicator of market value. The sale price reflects what a buyer was willing to pay in the open market at that time, which was influenced by factors like the renovated basement and overall condition.