Property Overview: 690 Mcmeans Avenue E, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1975, presents a practical opportunity in Winnipeg's Canterbury Park neighbourhood. Its key appeal lies in offering more living space than many immediate peers, with 1,080 sqft that ranks well above the local street average. The home features a renovated basement, adding to its functional space. While the lot size is around average for the street, it is more modest compared to wider neighbourhood and city benchmarks, suggesting a manageable outdoor space.

The property’s assessed value is notably below average for both the street and the broader area, which can indicate an accessible entry point into the market. This combination of above-average interior space, recent basement updates, and a value-conscious assessment makes it a sensible candidate for first-time buyers or practical investors seeking a straightforward, no-garage home. Its older build year but relatively newer construction date compared to direct neighbours suggests it may have inherent efficiencies over nearby homes from the late 1960s.

Section 2: Frequently Asked Questions

1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment often translates to lower property taxes, which is a tangible ongoing savings. It primarily reflects the municipality’s valuation for tax purposes and can signal a more affordable purchase price.

2. What does "renovated basement" typically mean here?
While specifics should be verified, in homes of this era, a renovated basement usually indicates finished living space, such as a rec room or additional bedroom. It’s important to confirm the quality, permits, and whether it includes a separate entrance.

3. How does the lack of a garage affect daily life?
This is a key consideration for vehicle owners, especially in Winnipeg winters. Buyers should budget for alternate parking solutions and factor in the time needed for clearing snow and pre-heating vehicles.

4. The home is newer than others on the street. Is that an advantage?
Potentially. A 1975 build may have features or building materials that differ from neighbouring homes built in the late 1960s, possibly including updated electrical systems or insulation standards for its time.

5. The living area is above street average, but lot size is average. What does this mean?
This suggests the house footprint utilizes the lot efficiently, likely offering good interior space relative to the property's footprint. It points to a home focused on indoor living space rather than extensive outdoor grounds.