Property Overview
This two-storey home at 344 Mcmeans Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and efficient living option. Built in 1968, it features 1,064 sqft of living space and a renovated basement, sitting on a 3,100 sqft lot. The home has no garage or pool. Recent sales data indicates it sold in July 2023 for an estimated price between $20,500 and $23,500, with a current assessed value of $25,300.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its efficient use of space and its position as a relatively affordable entry point into the Winnipeg market. Its living area is notably above average for its immediate street and neighbourhood, suggesting a well-utilized floor plan within a modest footprint. The renovated basement adds functional living space without expanding the home's exterior size. The lot, while smaller than the city average, is typical for the street and requires less maintenance.
This home would suit first-time buyers or downsizers seeking a manageable, no-fuss property in an established community. Its below-average assessed value relative to the area and city indicates a lower property tax burden, a significant but often overlooked ongoing cost. The appeal is grounded in practicality rather than luxury—it’s a home for those who value a sensible layout, recent updates where it counts (like the basement), and the financial efficiency of a smaller lot and tax assessment.
Section 2: Frequently Asked Questions
1. Is the living space actually comfortable for a family?
While the total square footage is modest, the home ranks in the top 15% for living area within its own neighbourhood. This suggests the layout is efficient and likely feels more spacious than the baseline city average for homes of this value.
2. Why is the assessed value lower than area averages?
The assessed value is below average for Kildare-Redonda and the city. This is typically tied to the home's specific attributes (like the absence of a garage and the smaller lot size) compared to other homes in the broader area, resulting in a potentially lower annual property tax bill.
3. What does the sold price range from 2023 tell us?
The estimated sale price of $20.5k–$23.5k provides a recent market benchmark. The current assessed value of $25.3k may reflect market changes, reassessment, or different valuation methods, but the 2023 sale is a concrete data point for understanding its market position.
4. How does the lot size impact future plans?
At 3,100 sqft, the lot is smaller than many in the city. This limits potential for large additions or extensive outdoor amenities but also reduces yard maintenance. It's a trade-off that prioritizes simplicity and lower upkeep.
5. Are comparable homes on the same street similar?
Yes. The data shows the home's living area, year built, and lot size are all around average for Mcmeans Avenue E itself, indicating it is very typical for its specific street in terms of scale and era.