Property Overview: 1-762 McMillan Avenue
Key Characteristics & Appeal
This is a notably modern and spacious home in Winnipeg, built in 2024. Its primary appeal lies in its combination of new construction and generous scale within its established neighbourhood. With 2,304 sqft of living space, it ranks in the top 11% on its street and the top 5% city-wide for size, offering significantly more room than typical area homes. The property sits on a well-sized lot of 4,801 sqft, providing ample outdoor space.
The home’s assessed value of $92,10k is elite (top 1%) for the area, reflecting its new condition and premium specifications compared to the predominantly older housing stock. It last sold in 2024 for an estimated $1M–1.05M. This property suits buyers seeking a move-in-ready, modern home without compromising on interior space, and who value being in a mature neighbourhood rather than a new subdivision. It’s an ideal fit for those wanting to avoid renovation projects common with century-old homes, while still acquiring a property that stands out in both age and size relative to its immediate surroundings.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed value for property tax purposes in Manitoba often lags behind current market values, especially for a brand-new home. The assessed figure reflects a valuation for taxation, not an appraisal for sale.
2. What does the "top 1%" ranking for Year Built mean?
It means this is one of the newest homes in the area. Most homes on McMillan Avenue and in the wider McMillan neighbourhood were built around 1917-1921, making this 2024 construction a rare exception.
3. Is the lot size typical for the area?
At 4,801 sqft, the lot is above average for McMillan Avenue and generally in line with the local neighbourhood average. It is, however, smaller than the city-wide average lot size.
4. What are the potential benefits of a new home in an older area?
You benefit from modern building standards, energy efficiency, and contemporary layouts without the maintenance issues of an older home. You also gain the established character, mature trees, and settled community of a long-standing neighbourhood.
5. How can I get the exact historical sale price?
The exact sold price is not publicly listed in detail. You can request it by email via the button on the property page; the service provides the accurate figure manually and does not use your email for unsolicited marketing.