Property Overview: 571 Mcadam Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Mcadam Avenue in the Jefferson neighbourhood presents a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions, both in living area (1,818 sq ft) and land size (5,995 sq ft), which rank well above average for its immediate street and neighbourhood. The home, built in 1951, is notably larger and sits on a more substantial lot than most comparable properties in Jefferson. It features a renovated basement and a detached garage.
The property suits buyers looking for established character and room to grow without paying a premium for a newer home. It’s ideal for someone who values interior space and outdoor potential over a recently built structure. A thoughtful perspective is that its "above average" rankings within its own community suggest it’s a standout property on its block, potentially offering better relative value and appeal in the local market than city-wide metrics might imply. The recent sale in late 2024 also indicates a refreshed and current market valuation.
Frequently Asked Questions
1. How does the assessed value relate to the recent sale price?
The assessed value is $33.40k. The home sold in December 2024 for between $35.50k and $38.50k, indicating it likely sold at or above its assessed value, which is common in an active market.
2. Is the living space configuration typical for a one-and-a-half storey?
With 1,818 sq ft, this home offers significantly more living area than the neighbourhood average (1,029 sq ft). This suggests a well-utilized layout, potentially with a sizable main floor and finished attic or second-floor spaces.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or rental suite potential.
4. How does the property rank for its year built?
Built in 1951, it is newer than many homes on its street (ranked in the top 27%). This means major components like wiring or plumbing, while not new, may be from a later era than many neighbouring houses.
5. What is the significance of the lot size?
At nearly 6,000 sq ft, the lot is in the top 10% for the Jefferson area. This offers ample outdoor space for gardening, recreation, or future additions like a deck or shed, which is a premium in many city neighbourhoods.