Property Overview: 698 Mcleod Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 698 Mcleod Avenue in the Rossmere-A neighborhood presents a solid, above-average offering within its immediate market. Built in 1963, its 1,203 sqft living space is notably larger than both the street and community averages, providing good interior space for its class. The property’s assessed value for taxes is $367,000, which ranks highly within Rossmere-A (top 17%), indicating it is perceived as a more valuable asset in its area compared to many neighbors. The lot size of 5,496 sqft is consistent with community norms.
The appeal lies in its strong positional value within a established neighborhood. It’s a property that outperforms local averages in key metrics like living space and assessed value, suggesting a well-maintained or favorably positioned home on its street. It would suit practical buyers looking for a move-in ready, no-surprises home in a mature area, or those who value a property that stands a bit above its immediate peers in terms of square footage and municipal assessment. It represents a sensible choice for someone prioritizing space and established community character over a newer build or a maximized lot size.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Public data suggests a home on this street sold in the $300,000-$350,000 range in April 2017. The current assessed value of $367,000 is higher, reflecting market changes and this specific property's attributes. For precise, verified historical sale prices, you must request the data directly from the source via email.
2. Is the lot size a disadvantage?
The lot is slightly smaller than the average for Mcleod Avenue but is very close to the Rossmere-A community average. It provides standard outdoor space for the area and is not an outlier, so it’s unlikely to be a significant drawback for most buyers familiar with neighborhood lots.
3. What does the “above average” assessment value mean for taxes?
A higher assessed value typically leads to a higher property tax bill, as taxes are calculated based on this value. While it signals the city views the property favorably, buyers should budget for taxes commensurate with a ~$367,000 assessment.
4. The home was built in 1963. What should I be concerned about?
This is a standard build year for the area. Key considerations would be the age and condition of major systems (roof, windows, plumbing, electrical, furnace) and whether updates have been made. Its age is typical, so thorough inspections are advised.
5. How does this home rank for its size in all of Winnipeg?
Interestingly, while its living space is above average for its street and community, it is just about average (top 50%) when compared to all similar homes across Winnipeg. This highlights that it offers great space for the Rossmere-A area, but there are larger homes in other city neighborhoods.