Property Overview
This two-storey home at 807 Mcmeans Avenue E in Canterbury Park presents a distinct value proposition. Built in 1977, it stands out on its street for being newer than most neighbouring homes. Its key feature is a renovated basement, adding functional living space to the 1,152 sqft main footprint. The lot is modest for the area at 2,999 sqft, but the home itself offers more living space than most directly comparable houses on the same street.
The appeal here is rooted in practicality and potential. It suits first-time buyers or investors seeking an entry point into the Winnipeg market with immediate livability, thanks to the updated basement. It’s also a sensible option for those who prefer a smaller, more manageable yard without sacrificing interior space. The property’s assessed value is notably below averages for the street, neighbourhood, and city, which may indicate an opportunity for value-conscious buyers.
A less obvious perspective is that this home, while average in size city-wide, is a relatively spacious offering on its specific block. This could make it a comfortable fit for a small family in a location where many similar homes are more compact. The data suggests you're paying for the house, not an oversized lot.
Frequently Asked Questions
Is the lot size a disadvantage?
While the land area is below average for Canterbury Park, it translates to less yard maintenance. For buyers who prioritize indoor living space and ease of upkeep, this can be a practical benefit.
What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished recreational space, contains separate living quarters, or includes updated utilities.
Why is the assessed value so much lower than city and neighbourhood averages?
The assessed value is a municipal valuation for tax purposes and is influenced by factors like lot size, building age, and recent sales in the area. Its lower value relative to averages, especially given the above-average living space for the street, suggests the assessment may not fully capture the interior updates or current market conditions.
How does the 1977 build year compare?
This is a notable advantage on this specific street, where the average comparable home was built around 1968. It means major components like wiring, plumbing, and the foundation may be newer than those of many immediate neighbours.
What are the implications of having no garage?
This is a common feature for many homes of this era and price point. Buyers should factor in the cost and space for alternative storage solutions, and consider the impact on vehicle security and winter convenience. On-street parking permission should be verified.