Property Overview
This one-storey home at 162 Mcmeans Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate area, offering a renovated basement and a decent-sized lot for the street. The home suits first-time buyers, downsizers, or investors looking for a manageable, single-level layout with modernized touches below grade.
Key Characteristics & Appeal
The home's primary strength is its relative size and value within the local context. With 1,012 sqft of living space, it is notably larger than many comparable homes on Mcmeans Avenue E and in the Kildare-Redonda area. This is paired with an assessed value that ranks above average for the street, suggesting a favourable valuation relative to its peers. The renovated basement adds functional living space and modern convenience. The detached garage and a land area of nearly 4,500 sqft provide practical outdoor and storage space, which is a valuable asset in the neighbourhood.
Its appeal is grounded in being a solid, above-average offering on its specific street rather than a standout citywide. A thoughtful perspective is that a home ranking well in its immediate locale often indicates a stable and desirable micro-market, which can be a smart entry point. The 1960 build date means maintenance considerations are important, but it also places the home in an era of straightforward construction. This property would best suit a buyer who prioritizes value and space within a specific community over a newer home, and who appreciates having the renovation work on the basement already completed.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it outperforms many local peers in key metrics. It has more living space than most homes on its street and in Kildare-Redonda, and its assessed value is also above the street average, indicating a strong relative position in its core market.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the permit history, the quality of the finish, the ceiling height, and whether it includes a separate entrance or secondary suite potential.
3. The home was built in 1960. What should I be concerned about?
While the renovated basement addresses part of the home, typical considerations for a home of this age include the condition of the roof, windows, plumbing, and electrical systems. An inspection is highly recommended to evaluate these core components.
4. The last sold price range (2023) is close to the current assessed value. What does this mean?
This suggests the market price and municipal assessment have been relatively aligned in the recent past. It provides a concrete, recent benchmark for value, but the current listing price may differ based on market conditions and any further updates made by the seller.
5. The lot is smaller than the citywide average. Is that a drawback?
For the Kildare-Redonda area, the lot is fairly typical. While smaller than newer suburban lots, it offers manageable outdoor space with less upkeep. Its size is consistent with the neighbourhood's character and is a trade-off for the location.