Property Overview
This one-storey home at 716 Mcadam Avenue in Winnipeg's Garden City neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of a renovated basement, a detached garage, and a lot size that is generous for the immediate street. The home is smaller in living area compared to many in the wider area, but its assessed value is strong relative to its own street, suggesting it is well-regarded within its specific market context. Built in 1955, it is a newer construction compared to other homes on Mcadam Avenue.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighborhood. It’s also a candidate for value-conscious investors or handy homeowners who appreciate a home that ranks well for its assessed value on its block, seeing potential where the numbers are favorable compared to direct neighbors. The renovated basement adds immediate functional space.
Frequently Asked Questions
1. How does the home's size compare to the area?
At 1,021 sqft, the living area is below the average for both the broader Garden City area and Winnipeg overall. However, it is closer to the average for homes specifically on Mcadam Avenue itself.
2. What does the assessed value tell us?
The assessed value of $34,100 is above average for Mcadam Avenue (top 18%), indicating the property is likely valued more highly than most on its own street. It sits around the average for the wider city and Garden City.
3. Is the lot a good size?
The 5,404 sqft lot is above average for Mcadam Avenue and near the city-wide average. It offers more outdoor space than many lots in the immediate vicinity, which is a notable perk in an older neighborhood.
4. How old is the home, and is that a concern?
Built in 1955, the home is 71 years old. While this means maintenance typical of its age should be expected, it is actually a newer build compared to many other homes on its street, where the average year built is 1943.
5. Where can I find the exact historical sale price?
Exact sold prices are not publicly displayed. The listing service provides an estimated range (e.g., $32.5k–$35.5k in April 2023) and offers to send the precise figure via email upon request, which they handle manually.