Property Overview: 314 Mcmeans Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Kildare-Redonda is a practical and well-situated property. Built in 1967, it features 1,064 sqft of living space, a renovated basement, and a detached garage. Its key appeal lies in its efficient use of space and established neighbourhood setting.
The home stands out locally for its above-average living area compared to others on the street and in the Kildare-Redonda area, offering more interior room than many nearby properties. However, its assessed value and land size are more modest relative to broader area averages, which can be seen as an opportunity for value-conscious buyers. The renovated basement adds functional living space without the need for immediate work.
This property would suit first-time homebuyers or downsizers looking for a manageable, move-in-ready home in a mature neighbourhood. It’s also a sensible choice for an investor seeking a property with a solid baseline in a community of similar homes, where its interior size is a relative advantage.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While the total land parcel is typical for the immediate street, the living area is notably larger than many neighbouring homes, ranking in the top 15% within the Kildare-Redonda area.
2. What does the assessed value indicate?
The assessed value is around average for the street but below the average for the wider Kildare-Redonda area and the city. This can sometimes suggest a more accessible entry point into the neighbourhood.
3. Is the basement development a full suite?
The listing notes a renovated basement, but it does not specify if it is a legal, self-contained suite. Buyers should verify its configuration and compliance with local regulations.
4. What is the historical price trend?
Public data indicates a sale in late 2020 in the $19.5k to $22.5k range. For precise historical sold prices, you can request the exact figures directly from the listing source.
5. What are the long-term considerations for a home of this age?
Built in 1967, major systems like the roof, plumbing, and heating may be nearing or past their typical lifespan. A thorough inspection is recommended to budget for any upcoming updates, though the basement renovation shows some modernization has begun.