Property Overview

This 1974 bi-level home at 675 Mcmeans Avenue E in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in being a recently sold (July 2024, $330k), compact property with a renovated basement, positioned on a manageable lot. The home is notably smaller in both living area (720 sqft) and land size (2,999 sqft) compared to most neighbours, which is reflected in its below-average municipal assessment. However, it is newer than many homes on its immediate street. This combination suggests a lower-maintenance footprint with modernized living space below ground.

The property would suit first-time buyers or downsizers seeking an affordable entry into the Winnipeg market with immediate move-in readiness, thanks to the renovated basement. It’s a practical choice for those who prioritize efficient, updated space over square footage or a large yard. A thoughtful perspective is that its smaller scale could mean lower utility costs and less time spent on upkeep, appealing to a lifestyle focused on simplicity and location over expansiveness.

Frequently Asked Questions

1. Is the home particularly small?
Yes. With 720 sqft of living area, it is smaller than approximately 87% of homes on its street and 97% of homes in Canterbury Park. This indicates a compact, efficient layout.

2. What does "renovated basement" mean for a bi-level?
In a bi-level, the basement is typically a primary living space, not just storage. A renovated basement here likely means finished rooms—possibly a family room, bedroom, or bathroom—that are integral to the home's total living area.

3. How does the sale price compare to the assessed value?
The home sold for $330,000, which is significantly higher than its $24,700 assessed value. This is common, as assessed values for tax purposes often don't reflect current market value. The sale price was above average for the street.

4. What are the implications of the smaller lot size?
The 2,999 sqft lot is below average for the area, which generally means less outdoor maintenance. It may limit expansion possibilities but could be ideal for those who prefer a smaller yard to care for.

5. The home is newer than others on the street. Is that an advantage?
Potentially. Being built in 1974 makes it newer than the average home on Mcmeans Avenue E (1968). This could suggest updates to core components like wiring or plumbing compared to older neighbours, though a specific inspection is needed to confirm the condition.