Property Summary: 1118 Mccalman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in East Elmwood presents a compelling mix of modesty and value. Its key characteristic is a generous 4,779 sqft lot, which is notably larger than most in the immediate area, offering ample outdoor space for gardening, play, or expansion. The home itself is compact at 769 sqft of living area, but features a renovated basement, adding functional space. A detached garage provides practical storage or workshop potential.
The appeal lies in its efficient scale and land value. It’s a property where the land asset is strong relative to the neighbourhood, suggesting a solid foundation for future investment. The 2019 sale price of $280k, combined with a current assessed value that ranks well above local averages, indicates it has been viewed as a value-holding proposition. This home would suit first-time buyers seeking an entry point with upside, practical-minded owners who prioritize outdoor space over a large interior, or investors looking for a property where the land component is a significant driver of value.
Section 2: Frequently Asked Questions
1. Is the house too small at under 800 sqft?
While the living area is below average for the city, the renovated basement significantly expands usable space. The layout and efficient use of space, combined with the large yard, often offset concerns about square footage for the right buyer.
2. What does the above-average assessed value mean?
The assessed value is high for Mccalman Avenue and East Elmwood, which typically reflects factors like lot size, renovations, and recent sale prices. It suggests the property is considered a premium offering within its immediate local context, though it is below the city-wide average.
3. How does the 1956 build year affect the home?
Built in 1956, the home is newer than many on its street and in the area. This can sometimes mean updated infrastructure compared to pre-war homes, but a thorough inspection is always recommended to understand the condition of core systems like plumbing, electrical, and the roof.
4. What is the potential here?
The primary potential is in the land. The large lot is the standout feature and could allow for additions, a garden suite (subject to zoning), or simply enjoying a larger-than-typical yard. The renovated basement and detached garage add immediate, practical utility.
5. Who are the typical neighbours?
The listing shows very close proximity to other homes on Mccalman Avenue, indicating a traditional, close-knit neighbourhood feel. The similar assessed values of nearby properties suggest a consistent and stable character for the street.