423 Mcadam Avenue

Property Overview

This well-situated one-storey home at 423 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a practical opportunity. Its key appeal lies in a combination of above-average land size and a recently renovated basement, set within a stable, established area. The home suits first-time buyers seeking a manageable footprint, downsizers looking for single-level living, or investors interested in a property with solid fundamentals in a mature community.

Key Characteristics & Appeal

The home's 1,211 sqft living area is typical for the street and neighbourhood, offering comfortable space without being excessive. Its standout feature is the generous 6,010 sqft lot, which places it in the top 10% for land size on Mcadam Avenue. This provides valuable outdoor space and potential for gardening, expansion, or simply more privacy than many nearby properties. The detached garage adds practical storage or workshop space.

A significant practical advantage is the renovated basement, which adds functional living area and modern convenience. Built in 1951, the home is newer than many on its street and in Jefferson, suggesting potentially fewer issues associated with very old infrastructure.

The property’s assessed value consistently ranks above average for both the immediate street and the wider Jefferson area, indicating it is viewed favorably relative to its local peers. This, combined with its last known sale price range in 2021, suggests a history of stable value. The appeal here is grounded: it's a property that offers a larger-than-average yard in a established neighbourhood, with the important modern update of a finished basement already completed.

It would best suit a buyer who values outdoor space over a massive interior, appreciates the character and stability of a post-war neighbourhood, and wants to avoid a major renovation project right away.

Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for taxes?
A higher ranking means the property's municipal assessed value is greater than most comparable homes nearby. This generally correlates with a higher property tax bill, but taxes are also based on the municipal mill rate. It's a sign the city views the property as relatively valuable in its local context.

2. Is the renovated basement a legal suite?
The description states it is a "renovated basement," not a legal suite. Buyers should verify its compliance with local building codes and its intended use (e.g., recreational, additional living space) to ensure it meets their needs and legal requirements.

3. The home is older. What should I check regarding maintenance?
While newer than many in the area, a 1951 home will have aging components. A thorough inspection should focus on the roof, foundation, plumbing, electrical systems (ensuring it's not still on a 60-amp service), and the quality of the basement renovation to check for moisture issues or improper finishes.

4. How does the detached garage impact the property?
It offers flexible storage, workspace, or parking separate from the house. Consider its condition, size for vehicle storage, and the potential cost of any updates (like a new door or roof) or the benefit of its presence for hobbies or projects.

5. Can I get the exact historical sale price?
The listed sale price is a range based on public data. As noted on the detail page, you can request the exact sold price history by emailing the site administrators, who provide the figure manually without using your email for unsolicited marketing.