Property Overview: 566 Mcadam Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. With 1,016 sqft of living space and a renovated basement, it offers functional living on a standard 4,796 sqft lot, complemented by a detached garage.

Its primary appeal lies in its position as a solid, average performer within its immediate area. The data shows the home consistently ranks around the middle compared to its neighbours in Jefferson for living area, assessed value, year built, and lot size. This suggests a property that is neither standout nor laggard, but a well-integrated part of the community. For a buyer, this translates into a lower risk of overpaying for premium features or inheriting unusual drawbacks compared to nearby homes.

This property would suit a first-time homebuyer or practical investor looking for an honest, no-frills home in a mature neighbourhood. Its renovated basement adds usable space, and its average metrics indicate a stable, predictable value proposition. A thoughtful perspective is that a home which is "average" on its street can be a wise, grounded purchase, as its value is less susceptible to the volatility that can affect properties that are outliers—either exceptionally large or notably small for the area.

Section 2: Frequently Asked Questions

1. What is the actual recent sold price?
The provided data shows estimated sale ranges: $26.5k-$29.5k in August 2023 and $22.5k-$25.5k in June 2016. For the precise, verified sale price, you must request it directly via the email service mentioned, as this information is manually verified.

2. How does this home compare to others in Winnipeg?
City-wide data indicates this home is below average in living area and assessed value compared to the Winnipeg average, and is older than the typical city home. This highlights its positioning as an affordable entry-point in the broader market, while being quite typical for its own established neighbourhood.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the seller or listing agent to understand the quality of the renovation and its permitted uses.

4. Is the assessed value the same as the market value?
No. The assessed value (shown as $27.70k) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay, influenced by current conditions, which the recent sale price ranges better reflect.

5. How stable is the value in this area?
The home’s assessed value has remained relatively consistent with area averages over time. Its sale price increase between 2016 and 2023, within the context of stable area comparisons, suggests a history of modest, steady value without dramatic swings.