Property Overview: 469 Mcmeans Avenue E, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home in Kildare-Redonda, built in 1973. Its primary appeal lies in its efficient scale and recent basement renovation, offering a move-in-ready lower level. The home sits on a modest, manageable lot with a detached garage.

The data reveals a nuanced picture. While the living space (800 sq ft) is below average for the street, neighborhood, and city, its assessed value is relatively average for the immediate area. This suggests the home may represent a value proposition—a smaller, updated footprint at a stable entry point. It’s notably newer than most homes in Kildare-Redonda, which could mean fewer immediate concerns with aging core components compared to neighbors.

This property would suit first-time buyers, downsizers, or investors seeking an affordable, low-maintenance home. The renovated basement adds functional living space, making it practical for small households. It’s less suited for those needing ample indoor or outdoor space or who prioritize being above neighborhood averages in square footage.

Frequently Asked Questions

1. Is the home’s below-average size a concern?
It depends on your needs. The size is efficient and may translate to lower utility costs and less upkeep. The renovated basement effectively expands the usable living area, offsetting the smaller main floor footprint.

2. How does the assessed value compare to recent sale prices?
The current assessed value is $27.4k. The home last sold in October 2023 for an estimated $23.5k–$26.5k, indicating the assessment is in close alignment with very recent market activity.

3. What does the "newer" build year mean for this home?
Built in 1973, it's newer than 96% of homes in Kildare-Redonda. This is a relative advantage, potentially indicating updated electrical, plumbing, or insulation standards compared to much older neighborhood stock, which could reduce near-term renovation needs.

4. What is the potential like for expansion or adding value?
The lot size is below average, which may limit possibilities for large additions or extensive outdoor amenities. However, the existing basement renovation has already added value. Future gains would likely come from interior updates rather than expansions.

5. How stable is the value on this street?
The sale history shows a significant increase between 2017 and 2023. With its assessed value now ranking near the median for Mcmeans Avenue E, it suggests the home holds a steady, middle-of-the-road position on the street, which can be a marker of stability rather than high volatility.