Property Overview
This one-storey home at 480 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1949, it features 1,069 sqft of living space and a renovated basement, sitting on a 4,179 sqft lot with a detached garage. The data shows it is consistently "around average" for its immediate street and area in terms of living space, assessed value, and year built, though its lot size is below the local average. Its appeal lies in its modesty and stability—it's a home that doesn't stand out dramatically in its local context, which can mean fewer surprises and a predictable, manageable footprint. It would suit first-time buyers or downsizers looking for a solid, no-frills home in an established area, or an investor seeking a rental property with a functional layout and recent basement updates. A thoughtful perspective is that a home ranking steadily average in its immediate vicinity can indicate a stable, integrated presence in the neighbourhood, potentially offering a quieter entry point without the premium or the challenges of a standout property.
Frequently Asked Questions
1. How does this home's value compare to others in Winnipeg?
The assessed value is around average for Jefferson and Mcadam Avenue, but ranks below the city-wide average, reflecting its more modest scale compared to the broader Winnipeg market.
2. What is the significance of the lot size being "below average"?
The 4,179 sqft lot is smaller than many in the area. This typically means less yard maintenance, but also less private outdoor space. It's a trade-off that prioritates efficiency over expansiveness.
3. The home sold in 2020. Is there a way to know the exact price?
Yes. The provided sold price is a public data range. The listing service offers to provide the exact sold price via email upon request, which they handle manually without using your email for marketing.
4. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent to understand the finish quality and potential for added living space.
5. The home is 77 years old. What should I consider?
While the year built is typical for Jefferson, a home of this age will have a focus on maintenance. The renovated basement is a plus, but attention should be paid to the condition of core systems like plumbing, electrical, and the foundation, which are common update points for houses from this era.