Property Overview: 695 Mcadam Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey bungalow at 695 Mcadam Avenue is a practical home that stands out for its generous lot and recent updates. Built in 1955, it offers 1,084 sqft of living space with a renovated basement, providing valuable additional room. A key feature is the 6,007 sqft lot, which is significantly larger than many others on the street and in the immediate area, offering ample outdoor space for gardening, play, or future expansion. The home also includes a detached garage.
Its appeal lies in its balance of space and value. The renovated basement adds modern, functional living area without the need for immediate work, while the large lot presents a long-term advantage in a neighborhood where land is increasingly at a premium. The assessed value is notably strong for the street, suggesting the property is well-regarded relative to its direct peers.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a established neighborhood. It’s also a sensible choice for a buyer who values private outdoor space over a larger interior footprint, or for someone with an eye on future potential, as the sizable lot could allow for additions like a garden suite (subject to zoning).
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for Mcadam Avenue itself but below the average for the broader Garden City area. This indicates it may represent good value within its immediate locale, while remaining accessible compared to pricier parts of the neighborhood.
2. Is the lot size a significant advantage?
Yes. At over 6,000 sqft, the lot is in the top 13% for size on the street. This is a less obvious but substantial asset, providing more privacy, greenery, and options than typically found in similar bungalows.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation, check for proper permits, and understand how the space is configured (e.g., as a rec room, additional bedrooms, or a suite).
4. The home was built in 1955. What should I be aware of?
While the basement has been updated, the main structure and core systems (like plumbing, electrical, and the roof) are from the mid-1950s. A thorough home inspection is crucial to evaluate the condition of these older components.
5. Where can I find the exact historical sale prices?
The exact sold prices are not publicly displayed online. As noted on the detail page, you can request this information directly via email from the source, which provides the data manually.