Property Overview
This 1977 bi-level home at 794 Mcmeans Avenue E in Canterbury Park presents a specific and practical opportunity. Its key appeal lies in being a more recent build compared to many on its street, offering a renovated basement and a detached garage on a standard city lot. The living space is compact at 810 sqft, positioning it as a modestly-sized home. Its assessed value is notably lower than both neighbourhood and city-wide averages.
This property would suit a first-time buyer or an investor looking for an entry point into the Winnipeg market with immediate livability and a key renovation already completed. It’s also a potential fit for someone seeking a lower-maintenance footprint without sacrificing a private garage or a yard. The data suggests you are paying primarily for the structure and its updates rather than for land value.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects a historical valuation for tax purposes, often lagging behind market trends. The more relevant figure is the 2017 sale price of $21,100, which indicates this is a value-oriented property. It suggests a lower property tax burden, which can be an advantage.
2. How does the "newer" 1977 build year compare?
While 1977 is not new, it is newer than most homes on Mcmeans Avenue E (top 6% for the street). This can imply more modern construction materials and techniques compared to immediate neighbours, though a professional inspection is still essential.
3. Who might find the living area suitable?
The 810 sqft layout is efficient. It would suit a single person, a couple, or a small family comfortable with functional spaces. The renovated basement effectively adds usable square footage, making the home feel larger than the main floor measurement suggests.
4. What does the lot size mean for me?
At 3,150 sqft, the lot is around average for the street but below average for the wider area. This means a manageable yard for maintenance or gardening, but not an expansive private outdoor space. The focus here is on the home itself.
5. Why is the sale history important?
The 2017 sale price provides a crucial benchmark. It indicates a very affordable entry point into the market at that time. For a buyer today, it underscores that this property has been positioned as a value play, not a premium listing, which can set expectations for its condition and potential.