Property Overview: 1-255 Mcadam Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2018, is a notably modern property within its established Jefferson neighborhood. Its key appeal lies in its combination of new construction and a highly efficient footprint. At 1,309 sqft, the living space is practical and above average for the immediate area, offering a low-maintenance layout without feeling cramped. The home’s most striking characteristic is its assessed value of $59.70k, which ranks in the top 1% of both the street and the wider Jefferson area. This suggests a very favorable tax assessment compared to nearby properties, representing significant long-term savings.
The home suits first-time buyers or downsizers seeking a modern, move-in-ready property without the premium price tag of a brand-new subdivision build. It also appeals to the value-conscious investor or homeowner who prioritizes low carrying costs and newer systems (like roofing, HVAC, and windows) over having a large yard or garage. The lot is smaller than area averages, which translates to less exterior upkeep—a perk for some, but a limitation for those wanting extensive outdoor space. Its appeal is pragmatic: it offers the benefits of a recent build in a mature community, with financial efficiency baked into its official valuation.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is determined by the municipality for tax purposes and is not a market price. This figure is exceptionally low compared to both neighbors and city averages, indicating this property likely benefits from a specific tax incentive, rebate, or assessment classification that reduces its taxable value, resulting in lower annual property taxes.
2. What does "basement, not renovated" mean?
It confirms the home has a basement, but that it is unfinished. You have a blank canvas for potential future living space, storage, or utility area, but any development would require your investment.
3. There’s no garage. Is there parking?
The listing specifies no garage. Parking would likely consist of a driveway or on-street parking. Verifying the exact parking setup with the listing agent or city would be essential.
4. The home sold in 2017, but was built in 2018. Why?
This is not uncommon. The 2017 sale likely corresponds to the purchase of the lot or a pre-construction agreement before the home was actually built the following year.
5. How can I find out the exact historical sale price?
The exact sale price is not in the public record displayed. As noted on the detail page, you can request the precise figure by emailing the provided service, which compiles this data manually.