Property Overview: 613 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a practical and straightforward opportunity in Winnipeg's Jefferson neighbourhood. Its key appeal lies in its balance of space and value. With just over 1,000 square feet of living space and a renovated basement, it offers functional room for a small family or couple. The detached garage adds utility.
Statistically, the home stands out for being newer than most in its immediate area—built in 1964, it is significantly younger than many neighbouring homes, which may suggest fewer concerns with aging core systems compared to the area's early 20th-century housing stock. Its assessed value is above average for Jefferson, indicating it is viewed favourably relative to local norms, possibly due to the renovated basement.
This property would suit first-time buyers or practical downsizers looking for a no-fuss, single-level layout in an established neighbourhood. It’s a home for someone who values interior updates and a manageable lot over architectural character or premium finishes. The data suggests it’s not the largest or smallest home on the block, but a solid, middle-of-the-road option that has been maintained for modern living.
Section 2: Frequently Asked Questions
1. How does the home's age compare to others nearby?
Built in 1964, this home is notably newer than many in the Jefferson area, where comparable homes average a build year of 1943. This can be a relative advantage for maintenance and system updates.
2. What is the significance of the "above average" assessed value for the neighbourhood?
The assessment being in the top 30% for Jefferson suggests the property's official valuation exceeds the neighbourhood norm. This often reflects improvements (like the renovated basement) and can indicate a well-kept property relative to its peers, though it's not a direct marker of market price.
3. Is the living space typical for the area?
At 1,056 sqft, the living area is slightly below the average for Mcadam Avenue but slightly above the average for the wider Jefferson neighbourhood. It represents a mid-sized home for the community.
4. What can the 2016 sale price range tell me?
The previous sale (21.5k-24.5k) provides a historical benchmark, but it's from nearly a decade ago. Market conditions and the property itself (including any renovations) have likely changed significantly since then.
5. How does the lot size compare?
The 4,495 sqft lot is fairly standard, ranking near the middle of the pack locally and citywide. It offers typical backyard space for the area without being overly large or small, aligning with the home's overall theme of practicality.