Property Overview: 1-887 McMillan Avenue
Key Characteristics & Appeal
This 820 sqft property on McMillan Avenue is a classic Winnipeg home built in 1911, offering a blend of historic character and practical value. Its primary appeal lies in its strong value proposition within its immediate area. While the living space is modest and below the citywide average, the home's assessed value ranks in the top 22% on its own street, suggesting it is considered a well-maintained or desirable property in its specific local context. This creates an interesting dynamic: you are acquiring a home that stands out positively on its block, yet comes with the manageable scale and likely lower utility costs of a smaller, character-filled footprint.
The home would suit a first-time buyer, an investor, or someone looking to downsize into a established neighbourhood without a massive footprint. Its 1911 vintage means potential for charming original details, but also calls for a buyer comfortable with the maintenance considerations of an older home. A thoughtful perspective is that this property represents an entry point into a community, offering the chance to own a solid, value-holding asset on a street where it compares favorably, rather than chasing maximum square footage.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is $22,800, which is used for calculating property taxes. Market price is determined by current buyer demand and recent sales of similar homes. The last recorded sale was between $150,000-$200,000 in 2020, which provides a more relevant benchmark for today’s value.
2. What does the "below average" year built ranking mean for me?
Built in 1911, this home is older than most in Winnipeg. This typically indicates potential for character but also means crucial systems (like plumbing, electrical, or the roof) may need updating or diligent maintenance. A thorough inspection is essential.
3. The home is smaller than the city average. Is that a concern?
At 820 sqft, the living space is efficient. This can be a benefit for lower heating costs and less upkeep. The layout and functionality of the space will be more important than the square footage alone. It’s ideal for those seeking a cozy, manageable home.
4. The data shows it ranks well on its street but average citywide. How should I interpret that?
This suggests the property is a strong performer in its immediate micro-neighbourhood. It may offer better relative value and pride of ownership on McMillan Avenue itself compared to paying a premium for a similar-sized home in a newer area.
5. How can I find out the exact past sale prices?
The provider offers an exact sold price history upon request via email. They state this is done manually and promise to reply by the end of the same day without using your email for unsolicited marketing.