Property Overview: 795 McCalman Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in East Elmwood presents a practical opportunity centered on its renovated basement and efficient use of space. With 1,193 sqft of living area, it offers more room than most homes on its street and in the immediate area, ranking in the top 9% and 21% respectively for size. This suggests a home that feels more spacious inside than its vintage 1922 exterior might imply. The key modern update is the renovated basement, adding functional living space. The lot is a standard city size for the neighbourhood.
Its appeal lies in being a value-conscious entry into the Winnipeg market. The assessed value is notably below the citywide average, which can indicate a lower property tax burden. It suits a first-time buyer, an investor, or a downsizer looking for a home with updated fundamentals (the basement) without a premium price tag. It’s a property for those who prioritize interior space and modernized systems over a large yard or a newer build, and who see the character of a century-old home as a feature rather than a drawback.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly lower than the citywide average, which typically correlates with lower municipal property taxes. However, it’s closer to the average for East Elmwood and McCalman Avenue, indicating it is priced in line with its immediate location.
2. The home was built in 1922. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for ongoing maintenance and updates to older components like windows, plumbing, or electrical systems, even if they are currently functional.
3. How does the living space compare practically?
The living area is above average for the street and neighbourhood. This means you’re likely getting more interior room than many nearby homes, but the lot size is slightly below the local average, so outdoor space may be more limited.
4. There’s no garage. What are the parking options?
The listing indicates no garage. Buyers should verify on-street parking regulations or the potential to add a driveway or parking pad, subject to city bylaws.
5. It sold in August 2020. How is that relevant?
The 2020 sale price provides a historical benchmark, but market conditions have likely changed. This data point is more useful for understanding longer-term value trends rather than determining the current market value.