Property Overview: 592 Mcmeans Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is a practical property that stands out for its efficient use of space and lot size. With 833 sqft of living area, the home is compact but sits on a notably generous 4,999 sqft lot for its immediate street, ranking in the top 22% locally. This combination suggests a home with manageable interior upkeep and above-average outdoor space for its neighbourhood. A key feature is the renovated basement, adding functional living space. The detached garage offers additional storage or workshop potential.
The appeal lies in its value proposition and practicality. It suits first-time homebuyers seeking an affordable entry into the market with room to grow outdoors, or downsizers looking for a single-level layout without sacrificing yard space. Investors may also find it attractive due to the renovated basement, which could support rental income. A less obvious perspective is its assessed value, which is strong for the street, potentially indicating that updates or the lot itself are recognized in its valuation, offering a stable foundation for equity.
Frequently Asked Questions
1. How does the home's size compare to others?
At 833 sqft, the living area is slightly below the average for both the Kildare-Redonda area and Winnipeg overall, but it is very close to the average for homes on Mcmeans Avenue E itself. This indicates a comfortably sized home for its specific location.
2. What does the "above average" land area ranking mean?
The 4,999 sqft lot is larger than most on the same street. This means you're getting more outdoor space—potential for gardening, expansion, or simply more privacy—than many neighbouring properties.
3. The assessed value seems low. Is that accurate?
The assessed value of $31,800 is a municipal valuation for tax purposes, not a market price. It is above the street average, which can be a positive sign. Market value is determined by recent sales, condition, and buyer demand.
4. What can the recent sold price range tell me?
The recorded sale in October 2023 for between $29.5k and $32.5k provides a recent benchmark. For the exact sale price to aid in your valuation, you can request it via email from the site.
5. Who would this property suit best?
It's well-suited for buyers prioritizing lot size over a large interior, such as first-time buyers, downsizers, or practical-minded owners who value a renovated basement and detached garage. Its scale makes it manageable and efficient.