Property Overview: 1028 Mccalman Avenue, East Elmwood
Key Characteristics & Appeal
This two-storey home, built in 1958, stands out for its generous proportions and established location. Its primary appeal lies in offering above-average space both inside and out. With 1,604 sqft of living area, it ranks in the top 2% of homes on its street and the top 12% in East Elmwood, providing significantly more room than many neighbouring properties. This is complemented by a nearly 5,000 sqft lot, offering ample outdoor space. A renovated basement and a detached garage add to the functional utility of the property.
From an investment perspective, the home presents an interesting profile. Its assessed value is notably high for its immediate area (top 2% on the street), yet it sits around the Winnipeg city-wide average. This suggests a property that is a standout in its neighbourhood, which could be appealing for buyers looking for a relative value play in a mature community. It would suit buyers who prioritize interior space and a larger yard over a brand-new build, and who appreciate a home that has already seen updates like a basement renovation. It's a practical choice for families or those needing room to grow, set in a quiet, established area.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
It is significantly larger than most. The living area is in the top 2% on Mccalman Avenue, where comparable homes average just 926 sqft.
2. What does the assessed value indicate?
At $35,900, the assessment is elite for the street (top 2%) and above average for East Elmwood. City-wide, however, it is around the median, indicating the home is a higher-value property within its local context.
3. Has the property value been stable?
Sales data shows it sold for $300,000 in both 2017 and 2019, suggesting a period of price stability at that time.
4. Is the lot a good size?
Yes. At 4,891 sqft, the lot is above average for both the street and the East Elmwood area, providing substantial outdoor space.
5. What is less obvious about this property's position?
While the home is newer than many on its street (top 15%), its true advantage is space. You are acquiring a home with interior dimensions that are rare for the neighbourhood, on a larger-than-average lot, which may offer a unique combination of amenities for the area.