Property Summary: 856 Mcmeans Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1978 on a standard city lot in Canterbury Park. Its key feature is a renovated basement, adding valuable finished space to the 900 sqft main floor. The home sits in an interesting position relative to its surroundings: while its living area is modest compared to larger Canterbury Park and city-wide averages, it is actually one of the newer homes on its specific street. This suggests a street with older, established character where this property may stand out for its relatively more recent construction.
The primary appeal lies in its efficiency and potential for a low-maintenance lifestyle. The renovated basement offers immediate functional space without a major project, and the single-level living is practical. It would suit first-time buyers looking for an affordable entry into the market, downsizers seeking a manageable property without a large yard or multi-floor layout, or pragmatic investors looking for a straightforward rental property. The data indicates it last sold significantly above its assessed value, which may reflect the value buyers place on the renovations and the street's desirability over raw square footage.
Section 2: Frequently Asked Questions (FAQs)
1. Is the lot size a concern?
No, the 3,623 sqft lot is very typical for its immediate street and provides a standard urban yard. It is smaller than the broader neighbourhood average, but is consistent with the local streetscape.
2. Why is the assessed value notably lower than the last sale price?
Assessed values for taxation purposes often lag behind market prices, especially after renovations. The 2021 sale price of $230k likely reflects the market's premium for the home's updated condition, which may not be fully captured in the older assessment.
3. What does it mean that it's a "newer" home on the street?
Built in 1978, this home is among the top 1% newest on Mcmeans Avenue E, where comparable homes average a 1968 build year. This could imply newer major systems (like plumbing or electrical) compared to immediate neighbours, potentially reducing near-term repair costs.
4. How does it compare to other homes in Canterbury Park?
This is a more modest, affordable option within the neighbourhood. It has less living space and a lower assessed value than the Canterbury Park average, positioning it as an accessible choice in the area rather than a representative example of its larger homes.
5. Is there a garage?
No, the property listing specifies there is no garage. Buyers should consider on-street parking or the potential cost of adding a garage or carport.