Property Overview: 431 Mcmeans Avenue E, Winnipeg
Key Characteristics & Appeal
This 720 sqft bi-level home at 431 Mcmeans Avenue E is a compact, efficiently sized property built in 1971. Its key appeal lies in its relative affordability and recent basement renovation, offering a practical footprint in the established Kildare-Redonda neighbourhood. The home sits on a 3,099 sqft lot, which is smaller than many in the area but provides manageable outdoor space with less maintenance.
The property’s data reveals a nuanced position: while its living space is below average for the street, neighbourhood, and city, its assessed value is closer to the average for its immediate street. This suggests it may represent a value-oriented entry point into the area. The renovated basement adds functional living space, a significant plus for a home of this size.
This home would best suit first-time buyers, downsizers, or pragmatic investors seeking an affordable, low-maintenance property. It’s for those who prioritize location and a modernized interior over square footage, and who see the manageable lot as a feature rather than a drawback. A thoughtful perspective is that a smaller, updated home like this can offer lower utility costs and less ongoing upkeep, freeing up resources for other pursuits.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft of living area, this bi-level is notably smaller than the average home on its street (~916 sqft), in Kildare-Redonda (~966 sqft), and across Winnipeg (~1,342 sqft). This indicates a compact, efficient layout.
2. What is the significance of the assessed value?
The home’s assessed value of $26,100 is around the average for Mcmeans Avenue E but below the averages for the wider neighbourhood and city. This often correlates with a more accessible price point for the area.
3. What does "renovated basement" in a bi-level mean?
In a bi-level style, the basement is typically a walk-out level with above-grade windows. A renovated basement here effectively adds finished, livable space to the home’s overall footprint, which is a major asset given the main floor's modest square footage.
4. Is the lot size a concern?
The 3,099 sqft lot is smaller than most in the vicinity. This means less yard work and lower exterior maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation. It’s a trade-off that suits some lifestyles perfectly.
5. Where can I find the exact historical sale prices?
Exact sold prices are not publicly displayed in detail here. The listing indicates a sale occurred between $19.5k and $22.5k in January 2022. You can request the precise sale history by email via the provided button on the original listing page.