Property Overview: 112 Mcmeans Avenue E
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1914, offering 870 square feet of living space on a 2,998 square foot lot in Winnipeg's Kildare-Redonda neighbourhood. Its key appeal lies in its position as an accessible entry point into the housing market. The home's assessed value is notably low compared to both the immediate area and the city at large, suggesting a potentially lower property tax burden and a straightforward opportunity for first-time buyers or investors.
The home suits practical buyers looking for a functional starter property or a long-term hold. Its smaller scale means lower maintenance costs and heating bills, which can be a significant, less obvious advantage. While the basement exists, it is noted as not being renovated, presenting a clear project for someone looking to add value over time. The lack of a garage and the home's age mean it appeals most to those comfortable with the realities and charms of an older, character property, or to an investor seeking a rental with fundamentals in place.
Frequently Asked Questions
1. What does the "Top %" ranking mean for each metric?
These rankings compare this specific property against similar homes on its street, in the Kildare-Redonda area, and citywide. For example, the assessed value is in the top 98% on its street, meaning it is among the lowest 2% of values there. This indicates it is assessed well below the area average.
2. The home sold between 2019 and 2020. Why is there a price range instead of an exact figure?
The exact sale price is not publicly available in all records. The range provided is based on available data. You can request the precise historical sale price by emailing the site, which will provide it manually without using your email for marketing.
3. Given the home's age, what should I be most concerned about?
While general condition would require a professional inspection, the age (1914) specifically highlights the importance of checking the foundational integrity, the state of original plumbing and electrical systems, and the roof. The note that the basement is "not renovated" suggests it may be in original or utilitarian condition.
4. How does the lot size affect potential for expansion or outdoor use?
At just under 3,000 sq ft, the lot is smaller than most in the area and city. This limits potential for large additions or extensive landscaping but makes yard maintenance manageable. It's a practical size for a small garden, patio, or deck.
5. Who would this property not be suitable for?
It would likely not suit buyers looking for a move-in-ready home with modern finishes, those who require ample storage or garage parking, or families needing more than two bedrooms or significant living space. Its value is in its simplicity and potential, not in immediate luxury or size.