Property Overview
305 Mcadam Avenue is a well-situated one-storey home in Winnipeg's Jefferson area, built in 1948. Its primary appeal lies in a rare combination: a generously sized, above-average lot paired with a home that has been thoughtfully updated. The 1,218 sqft living space is complemented by a renovated basement, adding functional space. While the house itself is solidly in the average range for size and age within the city, the property stands out for its land. At over 7,600 sqft, the lot size is in the top 1% for both the immediate street and the wider Jefferson area, offering significant outdoor space and potential that is increasingly hard to find.
This home would suit a practical buyer looking for a move-in-ready foundation with room to grow. It’s ideal for someone who values private outdoor space for gardening, children, or future projects like a larger garage or addition. The renovated basement adds immediate livability, making it a good fit for small families, couples, or downsizers who still want a manageable yard. The above-average assessed value for the neighborhood suggests a property that is well-regarded and maintained within its community context.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The lot is exceptionally large for the Jefferson area, placing it in the top 1%. City-wide, it's still well above average, in the top 12% of all properties. This is a key distinguishing feature of this home.
2. Is the basement renovation reflected in the assessed value?
The assessed value of $360k is ranked in the top 5% for the Jefferson area, which is significantly above average. While assessments consider many factors, this high ranking suggests the updates and overall property condition are recognized officially.
3. What does the sold price history from 2016 indicate?
The home sold in the $22.5k-$25.5k range in 2016. This historical data primarily shows the market value from nearly a decade ago and underscores the substantial appreciation and investment in the property since then, leading to its current assessed value.
4. The home was built in 1948. What should I consider?
While the home is of average age for its street and neighborhood, it is older than the typical Winnipeg home. The renovated basement is a major plus, but a thorough inspection is always recommended to understand the condition of core systems like plumbing, electrical, and the foundation.
5. Who would benefit most from this property's specific features?
The standout lot is perfect for buyers with hobbies, pets, or a desire for privacy and greenery. The one-storey layout with a renovated basement also offers good accessibility or clear separation for a home office or guest suite, appealing to those planning for the long term.