Property Summary: 462 Mcadam Avenue
Section 1: Overview & Appeal
This one-and-a-half storey home in Winnipeg's Jefferson neighbourhood presents a practical, no-frills opportunity. Its key characteristic is its modest scale, with 952 sqft of living space and a 3,608 sqft lot, both below the local averages. This translates to lower utility costs and less maintenance, a genuine appeal for those seeking simplicity and affordability over square footage. The home’s age, built in 1909, suggests classic character but also implies that a buyer should be prepared for the upkeep typical of an older property. The recently renovated basement is a notable functional upgrade, adding usable space.
The appeal lies in its position as an accessible entry point into the market. With an assessed value consistently below area averages, it suits first-time buyers, downsizers, or practical investors looking for a straightforward asset. It’s a home for someone who values a lower fixed cost of ownership and sees potential in a compact, manageable property. A less obvious perspective is that its smaller physical footprint and lot size could be a long-term advantage in a market increasingly conscious of efficiency and reduced environmental impact.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city if considering rental income.
2. What does the "below average" ranking for Year Built mean for maintenance?
Ranking in the top 93% for age (where newer is better) means this is one of the older homes on its street. Buyers should budget for potential updates to older systems like plumbing, wiring, or the foundation, and a thorough inspection is essential.
3. There is no garage. What are the parking options?
The property has no garage. Buyers should confirm on-site parking availability, such as a driveway or designated spot, and review any street parking regulations with the city.
4. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on public data. For exact historical sale prices, you must request the information directly via the provided email service, as the details are not publicly disclosed.
5. The home is smaller than area averages. Will this affect resale?
While below average in size for the street and city, it is closer to the average for the broader Jefferson area. This suggests the neighbourhood may already attract buyers comfortable with more modestly sized homes, which could support future resale within its niche.