Property Summary: 1049 Mccalman Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in East Elmwood presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, a detached garage, and a modest 884 sqft of living space on a standard 4,074 sqft lot. Built in 1956, the house is notably newer than many on its street and in the immediate area, which can be a positive indicator for the basic condition of its core structure.

The appeal lies in its relative value and manageability. The assessed value ranks above average for the street, suggesting it is a well-regarded property within its specific peer group. It suits first-time homebuyers seeking an entry point into the market, downsizers looking for a single-level layout without a large footprint to maintain, or practical investors interested in a property with recent basement updates. A less obvious perspective is that its "around average" size for the neighborhood means it likely feels proportionate and integrated on the street, avoiding the extremes of being either cramped or oversized for the community context.

Section 2: Frequently Asked Questions

1. How does this home compare in size to others?
At 884 sqft, the living area is close to the average for both Mccalman Avenue and the wider East Elmwood area. It is, however, notably smaller than the average Winnipeg home, emphasizing its cozy and efficient layout.

2. What does the assessed value tell us?
The assessed value of $27,700 is above the street average. This typically indicates that the property, relative to its direct neighbors, is valued higher—often due to factors like its condition, the renovated basement, or its lot attributes.

3. Is the 1956 build date a concern?
While 70 years old, the home is actually newer than many on its block and in East Elmwood. This can be an advantage, as major systems may have been updated over time more recently than in older neighboring homes. A thorough inspection is still essential.

4. What is the potential based on the last sale?
The home sold for $240,000 in July 2016. Market conditions have shifted since then, so this figure provides a historical anchor point rather than a current value. It does show the property has changed hands in the relatively recent past.

5. Who might this property not suit?
It may not suit buyers looking for a large, modern, or expansive living space, as the square footage is modest by city-wide standards. Those seeking a brand-new home or a property with features like a pool or attached garage would also need to look elsewhere.