Property Overview
This well-situated home at 82 Mcadam Avenue presents a practical and appealing opportunity in Winnipeg's Seven Oaks neighbourhood. Built in 1994, it is a notably newer construction compared to many surrounding properties, offering modern infrastructure without the potential concerns of a century-old home. Its key appeal lies in a combination of generous, above-average land size (nearly 6,000 sqft) and a recently renovated basement, providing immediate livable space and future flexibility. The detached garage adds convenience.
The home suits first-time buyers seeking a move-in-ready property with a manageable footprint, or downsizers looking for a single-storey layout without compromising on yard space. Its strong rankings for lot size and newer build year within its immediate area suggest a property that stands out for its practicality and relative modernity on its street. The assessed value is consistently high for the neighbourhood, indicating a solid foundation of municipal valuation.
Key Considerations & FAQs
What are the less obvious advantages of this property?
Beyond the renovated basement, the data suggests two subtle strengths. First, being built in 1994 places it in the top 5% of homes in the neighbourhood for newness, implying likely updates to major systems like wiring, plumbing, and insulation compared to nearby early-1900s builds. Second, the large lot offers a rare commodity—space for gardening, recreation, or expansion—in an established area.
How does the living area compare to nearby homes?
At 1,092 sqft, the living area is moderately sized. It's larger than several comparable nearby properties (which are often under 950 sqft), but smaller than some larger reference homes. This positions it as a comfortable, efficient space rather than an expansive one, aligning with its appeal for buyers seeking manageable upkeep.
What does the high assessed value relative to the neighbourhood mean?
With an assessed value ranking in the top 9% for Seven Oaks, the municipality attributes a higher value to this property than to over 90% of its neighbours. This often reflects the newer construction, renovated condition, and lot size. It's a useful benchmark, but market sale price is determined by current buyer demand.
Is the neighbourhood primarily older or newer homes?
The comparison listings show that most nearby properties were built between 1906 and 1925, making this 1994 home a modern exception. This can be an advantage for maintenance but may mean the architectural style differs from the surrounding streetscape.
What is the significance of the detached garage?
A detached garage provides secure parking and storage. It also offers flexibility; the space can be used as a workshop or project area without concerns about fumes or noise entering the main house, a valuable feature for hobbyists or those needing dedicated utility space.