Property Overview: 692 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 a balance of above-average interior space and a manageable lot size. With 1,080 sqft of living area, the home is notably larger than many others on its street, offering more room than the immediate local average. The property features a renovated basement and a detached garage.

The home suits first-time buyers, downsizers, or investors looking for a solid, no-fuss property in a mature neighbourhood. Its assessed and recent sale values are positioned below the broader city and neighbourhood averages, suggesting a potentially accessible entry point. A thoughtful perspective is that while the lot size is smaller than many in the city, it translates to less exterior maintenance—an advantage for those seeking a manageable yard. The home’s age (newer than many on its street) paired with a renovated basement indicates some updates have been made, though the overall value positioning suggests it remains a canvas for personalization.

Section 2: Frequently Asked Questions

1. How does the property's size compare to others?
The living space is a standout feature, ranking in the top 8% on its own street for size. The lot, however, is closer to the street average, making it a home that prioritizes interior space over expansive outdoor land.

2. Is the value high for the area?
No. Both the assessed value and the last sale price are below the average for the wider Canterbury Park neighbourhood, positioning this as a more value-oriented option within the area.

3. What does a "renovated basement" typically mean here?
While specifics aren't listed, in a home of this age and value range, this often indicates functional updates like finished living space, improved flooring, or modernized utilities, adding usable square footage.

4. Who might this property not suit?
Buyers seeking a very large yard, a brand-new build, or a home with values well above neighbourhood averages may want to look elsewhere. It's a grounded choice in a mature area.

5. How does the year built affect this home?
Built in 1975, it is newer than most direct neighbours, which can be positive. However, prospective buyers should still consider the potential for age-related maintenance common to homes from this era, balanced against the updates that have been made.