Property Overview: 151 Mcphail Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Chalmers presents a compelling blend of modern convenience and value. Its key characteristic is its relative newness, having been built in 2011, which makes it a significantly newer construction than most homes on its street and in the wider neighbourhood. This suggests updated building systems and less immediate need for major repairs. The home features an attached garage, a renovated basement, and a living area that is spacious for the local area. The lot size is modest, particularly when viewed city-wide, but is consistent with the neighbourhood.
The appeal lies in its position as a well-maintained, move-in-ready property in an established area. It suits first-time buyers or practical downsizers seeking a modern home without a premium price tag, as well as investors looking for a newer asset with potential for long-term rental stability. A thoughtful perspective is that while the lot is smaller, it requires less upkeep, aligning with a low-maintenance lifestyle. Additionally, its "above average" rankings for key metrics within its immediate context indicate it is a standout property on its block, potentially offering better relative value and appeal than older neighbouring homes.
Section 2: Frequently Asked Questions
1. How does the 2011 build year impact this home?
It means major components like wiring, plumbing, windows, and the roof are relatively new and likely built to more recent codes. This can translate to lower maintenance costs and better energy efficiency compared to the neighbourhood's predominantly century-old homes.
2. Is the living space sufficient for a family?
With 1,406 sqft spread over two storeys plus a renovated basement, it offers functional space for a small to medium-sized family. The layout and room sizes will be the determining factors, but the square footage is notably larger than the Chalmers average.
3. What does the assessed value indicate?
The assessed value is used for calculating property taxes. Its "Elite" ranking in Chalmers suggests the municipality views this property as one of the higher-value homes in the area, which is consistent with its newer construction. It is important to note that market sale price is determined by buyers and can differ.
4. Why is the lot size described as "below average"?
The land area is 2,499 sqft, which is smaller than the typical Winnipeg lot. However, it is much closer to the average for Mcphail Street itself. This is common for newer infill developments in mature neighbourhoods and results in less yard maintenance.
5. How does this property compare to others on the same street?
Data shows it ranks highly on Mcphail Street for being newer, having more living space, and a higher assessed value. This indicates it is likely one of the most updated and potentially desirable properties on the block, offering modern amenities in an older streetscape.