Property Overview: 659 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the Jefferson neighbourhood presents a solid, value-oriented opportunity. Built in 1952, its 1,294 sqft of living space and renovated basement offer functional, updated living areas. The property stands on a generous 5,386 sqft lot with a detached garage, providing ample outdoor space and parking flexibility.
The primary appeal lies in its strong positional value within its immediate area. The home's assessed value ranks notably above average for both Mcadam Avenue and the wider Jefferson neighbourhood, suggesting it is a well-regarded property in its local context. This isn't a sprawling estate, but a competitively sized home that outperforms many of its direct peers. It would suit practical buyers—first-time homeowners, small families, or investors—who prioritize a move-in ready base with a renovated basement in a stable neighbourhood. The recent sale in late 2024 indicates a fresh, market-tested transaction, offering clarity for new buyers.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this property consistently ranks above average for Jefferson, particularly in assessed value (top 9%) and living area (top 15%). This indicates it is likely a larger and more valuable home than many in the neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value of $34,300 is for municipal tax purposes. The sold price range from late 2024 ($34.5k - $37.5k) is the actual market indicator. The significant difference between this and the city-wide average assessed value benchmark suggests careful verification of all figures is essential.
4. What are the implications of a 1952 build date?
While newer than many homes on its street (top 24%), a 74-year-old home will have aging core components. The renovated basement is a plus, but the condition of the main structure, roof, wiring, and plumbing should be a key focus of a home inspection.
5. How does the lot size benefit a buyer?
At over 5,300 sqft, the lot is larger than most in Jefferson. This offers valuable outdoor space for gardening, recreation, or future additions like a shed or deck, and provides more privacy than smaller lots.