Property Overview
This 981 sqft bi-level home at 963 Mccalman Avenue in Winnipeg's East Elmwood neighborhood presents a practical and modernized living option. Built in 1998, it is notably newer than most homes in the immediate area and citywide. Its key feature is a renovated basement, adding functional living space. The property sits on a 3,670 sqft lot and does not include a garage or pool.
The appeal lies in its relative modernity and updated condition within a neighborhood of older homes. It ranks above average for its year, living area, and assessed value specifically on its street and in East Elmwood, suggesting it is a well-regarded property in its local context. While its size is below the Winnipeg city average, it offers efficient, low-maintenance living.
This home would suit first-time buyers seeking a move-in-ready property without the concerns of an older home's major systems, or downsizers looking for a manageable, updated space. Its above-average local valuation also makes it a sensible consideration for buyers focused on intrinsic value within a specific community.
Frequently Asked Questions
Q: How does this home's size compare to others nearby?
A: With 981 sqft of living area, it is actually above average for Mccalman Avenue and competitive within East Elmwood, though smaller than the typical Winnipeg home.
Q: The assessed value seems low. What does this indicate?
A: The assessed value of $29,400k is above average for both the street and the neighborhood, signaling it is a higher-value property in this local market. The citywide average is skewed by assessments in vastly different areas and property types.
Q: What are the implications of the home being built in 1998?
A: A 1998 build date is a significant advantage, meaning major components like wiring, plumbing, and the roof are likely decades newer than those in the surrounding area's predominantly mid-century homes, potentially reducing near-term repair costs.
Q: Is the lot size a drawback?
A: The lot is smaller than average for the city and the neighborhood. This translates to less yard maintenance, which could be a positive for those seeking a low-maintenance property, but offers less private outdoor space.
Q: What can the 2021 sale price tell us?
A: The prior sale price of $31,10k was in the top 10% for the street at that time, reinforcing the pattern of this property consistently commanding a premium relative to its immediate neighbors.