Property Overview
This one-storey home at 1114 Mccalman Avenue in East Elmwood presents a practical opportunity in Winnipeg's market. Its key appeal lies in a balance of a recently renovated basement, a detached garage, and a notably larger-than-average lot for the immediate area. At 793 sqft, the living space is compact, ranking below average for the neighbourhood and city, which is reflected in its accessible price point. However, the nearly 4,800 sqft lot offers valuable outdoor space and future potential. The home suits first-time buyers seeking an entry into homeownership with some updated features, or investors looking for a manageable rental property. It may also appeal to downsizers who value a single-level layout and a private yard without the upkeep of a larger house. A thoughtful perspective is that while the house itself is modest, you're acquiring a proportionally large piece of land in a settled neighbourhood—a value proposition that hinges more on the property's potential than its current footprint.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home recently sold for $30,600, which is significantly above its $270,000 assessed value. This indicates strong market demand and that buyers placed a premium on the property's condition, lot size, or recent renovations.
2. Is the house smaller than others in the area?
Yes. With 793 sqft of living area, it ranks below the average for both Mccalman Avenue and the wider East Elmwood neighbourhood. This is a key factor in its pricing and appeals to those seeking a more compact, efficient layout.
3. What are the positives about the lot?
The land area of 4,779 sqft is a standout feature, ranking in the top 21% on its own street. It offers more outdoor space than many neighbouring properties, providing room for gardening, recreation, or future expansion.
4. How old is the property, and what does that mean?
Built in 1956, it is newer than many homes on its street and in East Elmwood. While still an older home, this suggests potentially fewer issues associated with very early construction methods and materials common in the area.
5. What does the "around average" assessed value tell us?
With an assessed value around the neighbourhood average, the property is not an outlier for tax purposes. It suggests the fundamentals are aligned with the area, with the market price being driven by specific features like the renovated basement and lot size.