Property Overview & Key Characteristics
This two-storey home at 987 Mcleod Avenue in Springfield South presents a compelling opportunity centered on space, value, and a renovated foundation. Its primary appeal lies in the combination of a generous 1,895 sqft living area—placing it in the top tier for size both on its street and in Winnipeg—and a large 7,148 sqft lot. The home is of a vintage common to the area, built in 1978, but features a key modern update with a renovated basement. While it lacks a garage, its assessed value is notably higher than many comparable-sized homes nearby, suggesting a solid valuation foundation.
The property would suit practical buyers looking for ample indoor and outdoor space without a premium price tag. It’s ideal for a growing family that values room to expand over a brand-new build, or for a value-conscious buyer who sees potential in a home with a major system (the basement) already updated. A less obvious perspective is its appeal to those who prioritize lot size for gardening, recreation, or future projects, as the land parcel is significantly larger than many in the urban landscape.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. This home’s assessment is in the top quarter for Winnipeg, indicating a strong official valuation, but the final sale price will be determined by current market conditions.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of finishes, whether permits were pulled, and if the renovation included moisture-proofing or updates to electrical and plumbing systems.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. The large lot does offer space for potential future garage construction or a driveway suitable for multiple vehicles. For those who primarily use a car for commuting and not for workshop or extensive storage, it may be a manageable trade-off for the square footage and lot size.
4. How does this 1978-built home compare to newer builds in the area?
While newer homes may have modern layouts and materials, this home offers more established landscaping, larger lot sizes often not found in newer subdivisions, and a proven neighbourhood character. The rankings show it is newer than many homes in Winnipeg, striking a balance between vintage and recent construction.
5. What is the neighbourhood like, based on the comparable listings?
The nearby and similar-value properties suggest a stable, mature neighbourhood with a mix of well-kept homes from the 1970s and 80s. The consistent assessed values and lot sizes indicate an area of relative uniformity and established value, rather than one undergoing rapid redevelopment or decline.