Property Overview: 822 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Canterbury Park presents a practical and value-oriented opportunity. Built in 1977, it is notably newer than most on its street and offers a renovated basement, adding immediate functional living space. With 1,080 sqft of living area, the home provides more interior space than many direct neighbours, making it a relatively spacious option for its immediate locale.
Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. The assessed and recent sale values are significantly below averages for the street, neighbourhood, and city, suggesting a lower financial barrier to entry. This isn't a sprawling property—the land size is modest—but it represents a sensible, move-in-ready foundation. It would suit first-time buyers, investors looking for a rental property with a modernized basement, or downsizers seeking a manageable home without the premium price tag of newer areas. A thoughtful perspective is that its "below average" valuation for the area could offer insulation from broader market dips and provide room for equity growth as further improvements are made.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and licensing regulations if considering rental income.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's age, modest land size, and the overall property values in this specific part of Canterbury Park. It indicates a more affordable price point within the city.
3. There's no garage; is there parking?
The listing shows no garage. Prospective buyers should investigate on-site parking options, such as a driveway or pad, and review any street parking regulations.
4. How does the year built (1977) compare?
At 49 years old, this home is actually newer than most on its block and in Canterbury Park overall. This can be an advantage, potentially meaning updates to core components have already been addressed.
5. What does the "below average" sale price ranking mean?
While the home sold below average for the street, neighbourhood, and city, this primarily highlights its affordability. It does not necessarily reflect the condition, especially considering the renovated basement and its above-average living area for the immediate street.