Property Overview: 552 Mcadam Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a solid, no-fuss opportunity in Winnipeg's Jefferson neighbourhood. With 1,265 sqft of living space and a renovated basement, it offers functional space for a smaller household. The lot is a notable feature at just over 5,300 sqft, providing ample outdoor space that is larger than many in the immediate area. A detached garage adds practical storage or workshop potential.
The appeal here is grounded in value and practicality. The home's assessed value and living area consistently rank above average for the Jefferson neighbourhood, suggesting it represents good relative value within this community. It suits a first-time buyer, an investor, or someone looking for a manageable footprint without sacrificing yard space. It’s a home for those who see potential in a classic structure and prioritize a generous lot over a modern, turn-key interior. The recent basement renovation indicates some updates have been made, offering a blend of classic charm and modernized living space.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this property holds its own. Its living space and assessed value are above the neighbourhood average, while its lot size is a standout feature, ranking in the top 25% in Jefferson.
2. What is the likely price range based on recent sales?
A nearby, similarly assessed home at 575 Matheson Avenue sold for between $30.5k and $33.5k in mid-2021. While market conditions have changed, this provides a recent benchmark for the area.
3. What should I consider about a home from 1947?
While the renovated basement is a plus, a home of this age will have original major systems (like plumbing, electrical, and the roof) that require a thorough inspection to understand their condition and any upcoming maintenance needs.
4. Is the detached garage a benefit?
For many, yes. It provides flexible space separate from the house for vehicles, projects, or storage. However, it may require its own maintenance and, depending on its condition, could be seen as either an asset or a future project.
5. How can I get the exact historical sale prices?
The listed sale prices are estimated ranges from public data. You can request the precise sale history by emailing the site directly; they provide this information manually without using your email for marketing.