Property Overview

This 1970-built, one-storey home at 512 Mcmeans Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical opportunity. Its key appeal lies in a combination of a very generous lot and a recently renovated basement, set against a backdrop of solid value for the area.

Key Characteristics & Ideal Buyer

The home itself is modest in size at 932 sqft, which is typical for the immediate street and neighbourhood. Its standout physical feature is the land: at 5,499 sqft, the lot size ranks in the top 6% on its street and top 27% in Kildare-Redonda, offering significant outdoor space relative to many nearby properties. The basement has been renovated, adding functional living space, though the home has no garage or pool.

The data suggests a property that represents stable, middle-of-the-road value within its community. Its Assessed Value is above average for the street but aligns with the neighbourhood and city averages. It last sold in August 2022 for a price consistent with its current assessment. This isn't a luxury offering, but rather a grounded home in a mature neighbourhood.

This property would best suit a first-time buyer or a downsizer looking for a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for a value-oriented investor seeking a rental property with a stable assessment history in an established area. The large lot is a notable asset for anyone who prioritizes outdoor room over a large interior footprint.

Frequently Asked Questions

1. How does the property’s value compare to its neighbours?
The home’s Assessed Value is above the average for Mcmeans Avenue E itself, ranking in the top 15% on the street. Within the broader Kildare-Redonda neighbourhood and citywide, its assessment is very close to the average, indicating it is priced consistently with the wider market.

2. What is the significance of the lot size?
At 5,499 sqft, the lot is a key feature. It is substantially larger than the average lot on its street (which is about 4,070 sqft) and above the neighbourhood average. This provides more private outdoor space than many comparable properties.

3. Is the living space considered small?
At 932 sqft, the living area is slightly above the average for similar homes on its street. It is typical for the Kildare-Redonda area but falls below the citywide average for homes. The renovated basement effectively adds to the usable space.

4. What does the sold price history indicate?
The home sold in August 2022 for a price range that aligns directly with its current $32,900 assessment. This recent sale supports the stability of its market value and suggests the assessment is grounded in actual market activity.

5. How old is the home, and what does that mean for maintenance?
Built in 1970, the home is slightly newer than the average on its street and in its neighbourhood. While this is a positive, buyers should still budget for routine maintenance and updates expected for a home of this age, such as roof, windows, or major systems.