Property Overview: 860 Mcmeans Avenue E, Canterbury Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1978, presents a straightforward opportunity centered on its land and location. Its key appeal lies in its efficient scale and below-average assessed value, positioning it as an accessible entry point into the Winnipeg market.

The 826 sqft living area is compact, making it a low-maintenance dwelling suitable for a first-time buyer, downsizer, or investor. The lot size of 3,823 sqft is notably above average for its immediate street, offering valuable outdoor space relative to its neighbours—a less obvious perk for gardening, expansion, or simply enjoying more privacy. While the basement exists, it is unrenovated, presenting a blank canvas for future improvement.

Statistically, the home stands out for being newer than almost all comparable properties on its street, suggesting it may have more modern core systems than surrounding houses. Its primary suit is for a practical, budget-conscious buyer who values a manageable footprint, a decent-sized lot, and sees potential in a property that is assessed well below both neighbourhood and city averages. It is not a fit for those seeking move-in-ready finishes, ample square footage, or garage parking.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" property?
While the living area is modest and the assessed value is low, the home is notably newer than others on the street and the lot size is above average for the immediate area. This suggests it could be a candidate for a significant renovation or addition, not necessarily a full replacement.

2. What does the "below average" assessed value indicate?
The assessed value is a municipal calculation for tax purposes, not a market price. A value significantly below area averages often reflects the home's smaller size and unrenovated state. For a buyer, this typically translates to lower annual property taxes.

3. How does the lot size compare meaningfully?
While below the neighbourhood and city averages, the lot is actually larger than most on Mcmeans Avenue E itself. This means you likely have more yard space than the houses next to you, which is a relative advantage in the location.

4. What is the significance of the 1978 build year?
For this street, a 1978 build date is very recent. This could imply updated electrical, plumbing, or insulation compared to neighbouring homes built a decade or more earlier, potentially reducing immediate repair costs.

5. What was the previous sale history?
The home sold previously in April 2016 for $17,800. This historical price, significantly lower than the current assessed value, underscores the property's role as a long-term affordable housing option and may indicate a motivated seller at that time.