Property Overview: 736 Mccalman Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, one-and-a-half storey character property built in 1907, offering a unique proposition in the Winnipeg market. Its key appeal lies in its affordability and lot potential, positioned well below the city's average assessed value. With 811 square feet of living space and a renovated basement, it is a functionally modest home that has been maintained.
The property suits specific buyer profiles. First-time buyers or investors looking for an entry point into homeownership with a lower financial barrier will find it compelling. It’s also a potential fit for those who value the character of an older home and are prepared for the upkeep that comes with a 119-year-old structure. A less obvious perspective is its appeal to a buyer viewing the 3,294 sqft lot as the primary asset—the home itself may be smaller and older, but the land in a mature neighbourhood like East Elmwood holds value for future expansion or redevelopment. Its recent sale history suggests it has been treated as a value-driven asset.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
While the basement is noted as renovated, the home's age (1907) means buyers should budget for ongoing maintenance and potential updates to major aging systems, beyond cosmetic changes.
2. How does the assessed value compare to the likely sale price?
The assessed value is $190k, which is a municipal valuation for tax purposes. The sale price will be determined by the market. Historical data shows it sold for $152k in 2016, so recent market conditions and the home's condition will be the primary price drivers.
3. What does "below average" in the rankings mean for livability?
The rankings show the home is smaller and on a smaller lot than most comparable properties in the area and city. This translates to efficient, manageable spaces and yard care, but may feel cramped for those needing more room.
4. What are the implications of such an old build date?
A 1907 home has character but may have outdated wiring, plumbing, or insulation unless explicitly upgraded. A thorough inspection is essential to understand the condition and true cost of ownership.
5. Is there potential to expand or rebuild on this lot?
The lot size, while below area averages, is a standard width for the neighbourhood. Any expansion or rebuild would be subject to City of Winnipeg zoning bylaws, lot coverage rules, and heritage considerations, which should be investigated prior to purchase.