Property Summary: 865 Mccalman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated East Elmwood home presents a compelling mix of space, value, and potential. Built in 1949, its key appeal lies in the generous 5,129 sqft lot, which is significantly larger than most in the immediate area and offers ample outdoor space for gardening, play, or future expansion. The 832 sqft living area is modest but functional for a one-storey layout, and the home benefits from a renovated basement, adding valuable finished space. A detached garage provides practical storage or workshop potential.
The property’s assessed value of $290k positions it as a strong value within its neighbourhood, ranking above average for East Elmwood. This suggests a solid foundation of equity and a manageable entry point into the market. The recent sale in August 2024 indicates a active, desirable street.
This home would suit first-time buyers seeking a character home with a large yard, or practical investors looking for a stable rental property in an established community. It’s ideal for those who prioritize land size over a large interior footprint and see value in a home that stands out on its street for its lot size and above-average assessment relative to its peers.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,129 sqft lot is a standout feature. It ranks in the top 12% on Mccalman Avenue itself and the top 20% in the wider East Elmwood area, meaning it offers more outdoor space than most comparable properties.
2. Is the assessed value high for the area?
Yes, in a positive way. With an assessed value of $290k, this home ranks above average for both its specific street and the East Elmwood neighbourhood. This often reflects desirable attributes, like the large lot and renovations, and can indicate a strong value foundation.
3. What does the "renovated basement" typically mean for a home of this age?
While specifics should be verified, in a 1949 home this usually indicates updated essentials like flooring, drywall, and lighting to create a livable, finished space. It’s a significant advantage, adding functional square footage without the need for immediate investment.
4. The living area is below the city average. How does the space feel?
At 832 sqft, the main floor living area is compact but efficient for a one-storey layout. The renovated basement effectively expands the usable space, making the overall footprint more practical for daily living than the main floor square footage alone might suggest.
5. The home sold recently in August 2024. What does that indicate?
A very recent sale suggests a desirable and active property on a sought-after street. It means the home has undergone a recent market valuation, providing a clear, current price benchmark for the area.