266 Mcadam Avenue

Property Overview

This one-storey home at 266 Mcadam Avenue in Winnipeg’s Jefferson neighbourhood presents a compelling blend of space, location, and value. Its standout feature is the generous 7,661 sqft lot, which places it in the top 1-2% of properties in the immediate area and neighbourhood for land size. This offers significant outdoor space and potential. The living area of 1,635 sqft is also notably above average for both the street and Jefferson. The home benefits from a renovated basement and a detached garage. Built in 1959, it is newer than many comparable homes nearby. Recent sales data indicates strong and steady appreciation in value.

The appeal here lies in securing a property with a lot size that is increasingly rare, providing room for gardens, recreation, or future expansion. It suits buyers looking for a spacious bungalow layout, those who prioritize outdoor space over a brand-new build, and value-driven purchasers who recognize the advantage of owning a property that ranks highly on key metrics within its established community. It’s a home for someone who sees the inherent value in land and solid, above-average living space in a mature neighbourhood.

Frequently Asked Questions

What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the presence of a proper egress, whether it includes a bathroom or kitchenette, and if the work was permitted.

How does the assessed value relate to the expected selling price?
The assessed value is $38,100 for tax purposes. The most recent recorded sale was in late 2023 for an estimated $38,500-$41,500. The selling price will be determined by the current market and is typically higher than the municipal assessment.

Is the large lot size a maintenance burden or an opportunity?
This is a key consideration. The lot is much larger than most in the area, which means higher upkeep for lawns and gardens but also offers exceptional potential for additions, a large workshop, or landscaping features that smaller lots cannot accommodate.

The home is described as "one storey." Does it have any upper-level space?
As a classic bungalow, all primary living areas are on the main floor. The renovated basement provides additional below-grade space, which is excellent for recreation, utilities, or extra bedrooms.

What is the significance of the ranking data (e.g., "Top 1%")?
These rankings compare this specific property against all similar homes on its street, in the Jefferson area, and citywide. They objectively show that this home excels in lot size and living area within its local context, which is a strong indicator of its relative value and desirability in the neighbourhood.