Property Overview
This 1995 bi-level home at 817 Mccalman Avenue in East Elmwood presents a practical and efficient living option. Its key appeal lies in its modern age relative to the neighborhood, having been built nearly 50 years after many surrounding homes. With 800 sqft of living space and a renovated basement, it offers a manageable footprint that is easier and more cost-effective to maintain than larger properties. The detached garage adds functional storage or workshop space. The home’s assessed value is notably strong for its immediate area, ranking in the top quarter on its street and in East Elmwood, which suggests it is viewed favorably compared to local comparables. This property would suit first-time buyers seeking a move-in-ready, low-maintenance home, or downsizers looking for a comfortable, modernized space without the upkeep of an older house or a large yard. Its below-average living and land area compared to the city overall points to a value-focused, efficient lifestyle rather than expansive space.
Frequently Asked Questions
1. How does the home's size compare to others?
At 800 sqft, the living area is below the average for both the neighborhood and Winnipeg overall, placing it in the top 75% and 91% for compactness, respectively. This indicates a more efficient, cozy layout that prioritizes ease of maintenance.
2. Why is the assessed value higher than many neighbors?
The assessed value ranks in the top 20-25% for the street and area. This is likely due to the home's more recent 1995 construction and the renovated basement, factors that typically lead to a higher valuation than older, unrenovated properties nearby.
3. What does the 1995 build year mean for a buyer?
Built in 1995, the home is significantly newer than the neighborhood average (1949-1953). This often translates to more modern construction standards, potentially fewer major system updates in the near term, and a different architectural style than the classic post-war homes prevalent in the area.
4. Is the lot size a constraint?
The 3,294 sqft lot is below average for the area, ranking in the 75th-84th percentile for compactness. It provides adequate outdoor space for a patio or small garden but is not suited for extensive landscaping, which can be a positive for those seeking minimal yard work.
5. What is indicated by the last sale price in 2019?
The home sold for $260k in March 2019. This historical data provides a benchmark for past market value, but it is essential to have a current market evaluation to understand how local trends and any further updates have influenced its present worth.