Property Overview: 924 Mcmeans Avenue E, Canterbury Park, Winnipeg

This well-situated one-storey home on a large lot presents a distinct value proposition in the Winnipeg market. Built in 1992, it features a renovated basement and a detached garage.

Key Characteristics & Appeal

The primary appeal of this property lies in its exceptional land size and its position within a mature, established neighbourhood. The lot of 6,794 sqft is in the top 1% for size on its own street and the top 10% within Canterbury Park, offering significant outdoor space that is increasingly rare. This makes it ideal for buyers who prioritize yard space for gardening, recreation, or future expansion over a large interior footprint. The home itself, at 1,008 sqft of living area, is modestly sized but practical, suited for downsizers, small families, or investors seeking a property with land value. The renovated basement adds functional living space.

A thoughtful perspective is the home’s "generational" positioning. It’s newer than most on its street (top 1%), potentially meaning fewer major age-related repairs than neighbouring properties, yet it sits in a well-established area. This combination appeals to those seeking a balance between a mature streetscape and a relatively modern build. It would suit a buyer looking for a land-centric investment, a starter home with room to grow outdoors, or someone wanting to enter a stable neighbourhood without the maintenance demands of a much older house.

Frequently Asked Questions

1. Why is the assessed value so much higher than the recent sale price?
The sale price of $37,500 reflects a specific transaction, likely for a tear-down or land value only, as it is drastically lower than both the assessed value and typical home prices. The current assessed value of $380k is a municipal valuation for the existing property and land.

2. Is the living space too small for the neighbourhood?
While the living area is below the average for Canterbury Park, the property compensates with its vastly above-average lot size. It represents a different type of value, prioritizing land over square footage.

3. What does the "Elite" ranking for Year Built on the street mean?
It indicates this 1992-built home is among the newest on Mcmeans Avenue E, where comparable homes average a 1968 build year. This suggests potentially updated core systems compared to immediate neighbours.

4. Who would this property not be suitable for?
It may not suit buyers seeking a large, turn-key interior or modern open-concept living, as the focus here is on the land. Those wanting extensive finished space without a renovation project might find the interior modest.

5. Is the detached garage a standard feature?
In this context, a detached garage is a valuable asset, offering flexible storage or workshop space separate from the house, which aligns well with the property’s emphasis on usable land.