Property Overview: 917 Mccalman Avenue, East Elmwood, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1929, presents a practical opportunity in Winnipeg's East Elmwood neighborhood. Its key characteristic is a living space (1,111 sq. ft.) that is notably above average for both its immediate street and the broader East Elmwood area, offering more interior room than many comparable local homes. The property sits on a standard city lot of 3,295 sq. ft.

The primary appeal lies in its value proposition. The home’s assessed value is significantly below average at every comparison level—street, neighborhood, and city-wide. This, combined with the above-average living area, suggests a property where the potential for equity growth may be found through modernization. It features a basement, but it is noted as not being renovated. There is no garage or pool.

This home would best suit a hands-on buyer or investor comfortable with a project. It’s a fit for those seeking a footprint larger than typical for the area at an entry-level price point, who are prepared to update an older home over time. It also represents a straightforward rental investment opportunity given its size and low assessed value basis.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home’s age, condition, and recent sales in the area. The significant gap between this home’s value and the city average highlights its status as an older property in a neighborhood with generally more affordable housing stock.

2. What does "above average" for living area actually mean for daily life?
For the East Elmwood area, it means you’re getting approximately 46 more square feet than the neighborhood average for comparable homes, and a more substantial 185 sq. ft. more than the average on Mccalman Avenue itself. This could translate into more functional room sizes or an extra flexible space.

3. The basement is "not renovated." What should I expect?
This typically indicates an original or utilitarian space, likely with concrete floors and walls, and basic finishes. It offers significant storage and mechanical space, and its unfinished state represents both a project and an opportunity to customize it to your needs, such as creating a workshop, laundry area, or future recreational space.

4. How does the 1929 build year affect the home?
Homes from this era often feature solid construction and simple, functional layouts. Buyers should budget for updates to older mechanical systems, windows, and insulation to improve efficiency. A thorough inspection is essential to understand the condition of the structure and major components.

5. What is the context of the last sale price from 2020?
The home sold for $19,900 in August 2020. This historical price point, close to the current assessed value, underscores the property’s long-standing position as an affordable entry in the market. It provides a clear benchmark for the price trajectory over the last few years.