757 Mcmeans Avenue E

Property Overview: 757 Mcmeans Avenue E, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Canterbury Park is a practical property defined by its efficient scale and recent updates. Its key characteristic is a fully renovated basement, which adds valuable finished space to the 827 sqft main living area. The home sits on a 3,000 sqft lot with a detached garage, offering standard outdoor and vehicle storage space for the area.

The appeal lies in its manageable size and move-in readiness, particularly due to the basement renovation. It suits first-time buyers or downsizers seeking a low-maintenance, single-level layout without a major project. Investors may also see value as a potential rental property, given its updated condition and functional layout.

A less obvious perspective is its relative age advantage on its specific street. Built in 1975, it is newer than most immediate neighbors, which can suggest more modern construction materials and systems compared to other homes on the block. However, it's important to note that the living space is modest compared to the broader neighbourhood and city averages, making it a cozy, efficient option rather than a spacious one.

Section 2: Frequently Asked Questions

1. How does the lot size compare?
At 3,000 sqft, the land area is below average for Canterbury Park and Winnipeg overall, but is closer to the standard for Mcmeans Avenue E itself. It provides a typical yard space for this specific street.

2. Is the assessed value a good indicator of the sale price?
The current assessed value is $25,700. The home last sold in January 2017 for $19,600. Market conditions have changed significantly since then, so the assessed value is a starting point, but the sale price will be determined by current market demand, the home's condition, and the value of the renovations.

3. What does the "below average" ranking for living area mean?
With 827 sqft of living area (plus the renovated basement), the above-ground space is smaller than about 90% of homes in Canterbury Park. This confirms the home's profile as a compact, efficient bungalow, with the basement renovation crucial for adding functional space.

4. Who is responsible for the detached garage?
The garage is detached, meaning it is a separate structure from the house. Buyers should ensure its condition is evaluated separately during an inspection, considering factors like its foundation, roof, and electrical service.

5. Are there any obvious red flags from the public data?
The data shows no major red flags, but highlights a pattern of being "below average" in size and value for the wider neighbourhood. This isn't inherently negative—it often translates to a lower price point—but it underscores the importance of viewing the property to ensure the scale and layout meet your needs, as you are purchasing a more modest home within the community.