Property Overview
This one-storey home at 498 Mcmeans Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and straightforward opportunity. Built in 1970, its key appeal lies in a renovated basement and a detached garage. The 833 sqft living area is modest but functional, and the home sits on a notably generous 5,199 sqft lot for its street—ranking in the top 7% locally for land size. This combination of updated interior space and above-average outdoor space defines its character.
The property would suit first-time buyers or practical investors seeking a manageable, single-level layout with room to grow outdoors. Its assessed value is consistently around the average for its immediate area, suggesting a stable, no-surprises entry point into the market. The appeal here isn't about grandeur, but about solid fundamentals: usable space, a good lot, and recent updates where it counts, like the basement.
Frequently Asked Questions
How does the lot size compare to others?
The lot is a standout feature at 5,199 sqft. It's significantly larger than the average lot on Mcmeans Avenue E and is above average for the Kildare-Redonda neighbourhood, offering more private outdoor space than many comparable properties.
Is the living space smaller than average?
Yes. At 833 sqft, the above-ground living area is below the average for both the neighbourhood and the city. This indicates a compact, efficient layout, which is reflected in the home's one-storey design.
What does the "around average" assessed value mean for this area?
The assessed value (~$30.70k) is consistently around the mid-range benchmark for the immediate street, the wider neighbourhood, and citywide. This suggests the property is priced typically for its offering and isn't an outlier, which can provide a sense of market stability.
What is the significance of the renovated basement?
A renovated basement effectively adds usable living space to a home with a smaller main floor footprint. It’s a key update that adds functionality without expanding the home's exterior footprint, making the overall package more efficient.
How can I find out the exact historical sale price?
The listed sale price is an estimated range from public data. The exact sale price is available by request via email from the listing service. They state they provide this information manually, typically by the end of the same day, without using your email for unsolicited marketing.