Property Overview: 543 Mcadam Avenue
Key Characteristics & Appeal
This one-and-a-half storey home on Mcadam Avenue is a classic Winnipeg property that offers solid value and space. Built in 1947, it features 1,265 sqft of living area and sits on a notably generous 5,712 sqft lot for the Jefferson area, providing above-average outdoor space for the neighbourhood. A key modern update is its renovated basement, adding functional living space, and it includes a detached garage.
Its appeal lies in its balanced, grounded profile. The home isn't an outlier in any single metric but presents a well-rounded package: ample lot size, updated living space in the basement, and a living area that is comfortably above average for Jefferson. The assessed value positions it as an accessible option, especially when compared to the wider city. This property would suit first-time buyers or practical-minded homeowners looking for a character home with some updates in a stable neighbourhood, who value a larger yard over a brand-new build. It’s a home for those who see potential in a solid foundation and appreciate space over luxury finishes.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is around the neighbourhood average for Jefferson. Notably, it offers more living space and a significantly larger lot than many comparable homes in the immediate area, which can represent good value for the price point.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated, but specifics on the finish quality, layout, or whether it includes a legal suite are not provided in the public data. This would be a key detail to clarify with the seller or a viewing.
3. Is the lot size a significant advantage?
Yes. The lot is over 5,700 sqft, ranking in the top 19% for lot size in Jefferson. This is a less obvious advantage that provides more private outdoor space, gardening potential, or room for additions/outbuildings than many neighbouring properties.
4. What is the typical price history for this home?
Public data shows a sale in October 2020 in the $23.5k-$26.5k range. It’s important to note that assessed value for taxation purposes is different from market value. For precise historical sold prices, direct inquiry with the listing service is required.
5. How does the age of the home affect things?
Built in 1947, the home is of a typical vintage for the area. Buyers should budget for expected maintenance common to houses of this era, such as potential updates to original windows, roofing, or mechanical systems, while also benefiting from the character and established neighbourhood feel.