Property Overview: 320 Mcmeans Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Kildare-Redonda is a practical and well-sized offering. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 1,064 sqft footprint. Built in 1967, the house sits on a standard 3,100 sqft lot and does not include a garage or pool.

The appeal lies in its efficient use of space and its position as a solid, no-fuss property in a mature neighbourhood. The living area is notably above average for both the immediate street and the wider Kildare-Redonda area, suggesting a comfortable layout for its category. The renovated basement immediately adds functional space without the need for a buyer's initial investment. While the assessed value is below average for the area, this can represent an accessible entry point into the market.

This home would best suit first-time buyers or practical downsizers looking for a manageable, move-in-ready property without premium extras. It’s for someone who values interior space and a recent renovation over a large lot or a garage. A thoughtful perspective is that its below-average assessment for the neighbourhood could offer relative property tax savings, while the compact lot means less exterior maintenance.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A buyer should verify the quality, permits, and whether it includes a bedroom, bathroom, or simply finished recreational space.

2. Is there potential to add a garage later?
The lot is smaller than average for the wider area. While possible, the feasibility and cost of adding a garage or carport would depend on specific setback bylaws and the remaining usable space on the 3,100 sqft lot.

3. How does the sold price history inform the current value?
The home sold recently in December 2024. This very recent sale is the most critical indicator of its current market value, far more so than the older assessed value or the 2023 sale data.

4. What are the implications of having no garage in this area?
Street parking is likely the norm. Buyers should observe parking availability on the street, especially in winter, and consider the practicalities of clearing snow off a vehicle.

5. Why is the assessed value consistently below area averages?
This typically reflects the home’s specific attributes (e.g., lack of garage, smaller lot size) relative to other homes in the comparison groups. It is a function of municipal valuation for tax purposes, not a direct marker of market value, as demonstrated by its recent sale.