Property Overview: 491 Mcmeans Avenue E, Winnipeg
Key Characteristics & Appeal
This bi-level home at 491 Mcmeans Avenue E in the Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 892 sqft footprint. The home sits on a decent-sized lot (just under 5,000 sqft) for the area and includes a detached garage.
The appeal lies in its strong position within its immediate context. While the living space is modest city-wide, it is squarely average for both its street and neighbourhood, meaning it fits right in. More notably, its assessed value ranks in the top 15% on its street, suggesting it may offer good value relative to nearby properties. The 1971 build date is newer than many homes in Kildare-Redonda, which is a subtle plus.
This property would suit first-time buyers or practical-minded investors looking for an entry into the Winnipeg market with immediate livability thanks to the renovated basement. It’s also a good match for those who prioritize a bit more land and a detached garage over a larger interior, and who value a home that is financially assessed as a strong performer on its own block.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 892 sqft, the living area is very typical for Mcmeans Avenue E and the Kildare-Redonda neighbourhood, ranking near the middle in both cases. It is, however, notably more compact than the Winnipeg city-wide average.
2. What does the assessed value ranking tell me?
The home’s assessed value is in the top 15% on its own street. This often indicates that the property holds its value well in its direct locale, possibly due to factors like the renovated basement, lot size, or condition compared to immediate neighbours.
3. Is the lot size a pro or a con?
The lot is a pro for the specific area. At 4,998 sqft, it is larger than the average lot on Mcmeans Avenue E and is very close to the neighbourhood average, offering good outdoor space for this community.
4. What is the significance of the year built?
Built in 1971, the home is newer than many in Kildare-Redonda (ranking in the top 17% for the neighbourhood). This can sometimes mean updated building standards or materials, though a full inspection is always recommended.
5. Where can I find the exact historical sale price?
Exact sold prices are not publicly displayed in detail. The listing service provides a sold price range from past transactions (e.g., $22.5k-$25.5k in late 2016) and offers to provide the precise figure directly via email upon request.