Property Overview: 617 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Mcadam Avenue in the Jefferson neighbourhood presents a practical and grounded opportunity. Built in 1949, it features 1,128 sqft of living space, a renovated basement, and a detached garage on a standard 4,495 sqft lot. Its assessed value of $290k positions it as a competitively priced option within the local area.
The primary appeal lies in its solid, no-fuss fundamentals within a well-established community. The renovated basement adds functional living space, a valuable asset for a home of this size. The property’s metrics—for living area, lot size, and value—consistently rank it around the average for both its immediate street and the wider Jefferson area, suggesting it’s a typical, representative home for this locale without extreme premiums or drawbacks. It suits first-time buyers seeking an entry point into the market, downsizers looking for manageable space without major renovations, or practical investors interested in a stable, character-area property. A thoughtful perspective is that homes which are "average" for a desirable area often represent a lower-risk purchase, offering community benefits without the price tag of a standout, premium property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this same street sold in late 2017 for an estimated range of $215k-$245k. The current $290k assessment reflects broader market changes. For precise, verified sold prices, you can request the exact history via email.
2. Is the living space sufficient for a growing family?
At 1,128 sqft, the living area is slightly below the current Jefferson average. The renovated basement is a key factor, effectively expanding usable space. It would suit a small to medium family comfortably, but those needing extensive room may want to consider the layout carefully.
3. What does the "around average" ranking mean for key features?
The rankings indicate that for Jefferson, this home’s living area, lot size, and assessed value are typical—not exceptionally large or small, nor highly priced or undervalued relative to most neighbours. It’s a benchmark property for the area.
4. Are there any obvious concerns with a home built in 1949?
While the basement has been renovated, the core structure is 77 years old. Prospective buyers should prioritize a thorough inspection to assess the condition of major aging components, such as the roof, plumbing, and electrical systems, which may need attention or updating.
5. What are the benefits of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main home's layout. It may also provide more options for future landscaping or yard use compared to an attached structure.