Property Overview: 353 Mcmeans Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This 1970-built bi-level home in Kildare-Redonda presents a compact and efficient living space of 688 sqft, featuring a renovated basement. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home is notably smaller in both living area and lot size (3,099 sqft) compared to most peers on its street, in the neighbourhood, and citywide. This translates to a correspondingly lower assessed value, which can mean a lower property tax burden and a more manageable initial investment.

The property would suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills home. Its renovated basement adds functional living space, a valuable asset in a smaller footprint. A thoughtful perspective for a buyer is to see the below-average metrics not just as limitations, but as indicators of a lower-cost maintenance profile and a simpler property to manage. The home’s age is actually above average for the immediate area, suggesting it may be among the more updated structures on the block. It’s a practical choice for those whose priority is financial efficiency and a solid foundation over square footage.

Section 2: Frequently Asked Questions

1. How does the sold price history inform the current value?
The home sold in July 2020 for an estimated range of $18.5K to $21.5K. This was significantly below average for comparable sales at that time, aligning with the home’s smaller size. This history is crucial for understanding the property’s market positioning as a value-oriented listing.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the renovation, whether it includes a proper secondary suite or is simply finished space, and if all work was permitted.

3. Are there any concerns with the lot size?
At 3,099 sqft, the lot is smaller than most in Winnipeg. This means less outdoor space for gardening or expansion. However, it also means less yard maintenance, which could be a benefit for those seeking a low-upkeep property.

4. Why is the assessed value so much lower than the citywide average?
The assessed value of approximately $25,100 is directly tied to the home’s relatively small living area, lot size, and market position. It is not an indicator of condition but of these quantifiable characteristics compared to other properties. This typically results in lower annual property taxes.

5. How can I get the exact historical sold price?
The exact sold price is not published publicly. The listing service offers to provide it manually via email upon request, stating they aim to reply by the end of the same day and will not use the contact for unsolicited marketing.