Property Overview: 705 Mccalman Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This East Elmwood bi-level home presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its modern age relative to the area, built in 1989, making it notably newer than most surrounding homes. This often translates to fewer concerns about major aging components found in century-old properties. The living space is compact at 680 sqft, with a renovated basement adding functional area, ideal for those who prioritize efficient, low-maintenance living over square footage. The lot is smaller than average, which reduces yard upkeep.

The appeal lies in its value proposition: a recently built home with modern fundamentals at an accessible price point. It suits first-time buyers, downsizers, or investors seeking a manageable property. It’s for someone who values a newer building envelope and a renovated basement over a large footprint or expansive yard. A thoughtful perspective is that its smaller size and lot are not just compromises, but features for those seeking a simpler, more economical lifestyle without the upkeep of a larger, older home.

Section 2: Frequently Asked Questions

1. Is the small living area a major drawback?
It depends on your needs. At 680 sqft above grade, it's significantly cozier than the Winnipeg average. However, the renovated basement provides additional finished space, making it functional for individuals, couples, or small families who value efficient design.

2. How does the 1989 build year affect the home?
This is a standout feature. Being built in 1989 means major systems (like wiring, plumbing, and insulation) are decades newer than most neighbourhood comparables, potentially offering more peace of mind and modern efficiency standards.

3. What does the assessed value tell me about the property?
The assessed value is around average for the street and East Elmwood but is far below the citywide average. This indicates you are looking at a modestly valued property in an affordable neighbourhood, not a premium-priced asset.

4. Who would the small lot size matter to?
The lot is smaller than most. This is a benefit if you want minimal yard maintenance but could be a limitation if you desire extensive outdoor space, gardening, or privacy from neighbours.

5. The home sold in 2016 for $220k. How is that relevant today?
This provides historical context, showing the price point at which it last transacted. Current market conditions, updates made since then, and overall demand will determine its present value, but it establishes a benchmark for its appreciation potential.