Property Overview: 1353 sqft Home on Mcleod Avenue

1. Key Characteristics, Appeal, and Ideal Buyer

This 2007-built home offers 1,353 square feet of living space on a 4,721-square-foot lot. The living area is above average for its street (top 15%), neighbourhood (top 12%), and city (top 38%). The assessed value of $463,000 ranks notably high—top 6% on Mcleod Avenue and top 2% in Valley Gardens—which suggests the property holds its value well relative to nearby homes.

Where this property really stands out is its build year. At 2007, it’s among the newest homes on the street (top 3%) and in Valley Gardens (top 1%), and sits in the top 13% citywide. That means buyers get a modern build without the premium of brand-new construction. The land size is around average, though slightly smaller relative to the street and neighbourhood—which is typical of newer infill-style homes where the house itself is prioritized over lot depth.

The appeal lies in a combination that’s hard to find: a relatively new home in a well-established area, with strong value retention. It suits buyers who want a move-in-ready house that’s younger than most in the neighbourhood, without paying for a custom build. It’s less suited for someone seeking a large yard or acreage-like space, but works well for families, downsizers, or professionals who value a modern interior and a stable investment over a big lot.

A less obvious perspective: Because the lot is on the smaller side for the area, ongoing maintenance (lawn care, snow clearing, fencing) is likely easier than older properties nearby. The high assessed value relative to living area may also signal that finishes, upgrades, or location are driving value more than square footage alone—worth investigating if you’re comparing against other homes in Valley Gardens with slightly more space but lower assessments.

2. Frequently Asked Questions

1. How does this home compare to others on Mcleod Avenue in terms of age?
It’s one of the newest homes on the street—only about 3% of properties are newer. Most homes in this area were built earlier, so you’re getting a modern layout and likely updated mechanicals compared to nearby options.

2. Why is the assessed value so high relative to the living area?
Assessed value considers more than square footage—location, lot value, condition, and recent sales all factor in. In this case, the 2007 build year and strong street ranking suggest the home has held value well, possibly due to quality construction, finishes, or a desirable position.

3. Is the 4,721 sqft lot considered small or typical for Valley Gardens?
It’s around average citywide, but below average for Valley Gardens and Mcleod Avenue, where lots tend to be larger. If you want a big backyard, this might feel tight. If you prefer less yard work and more indoor space, it’s a strong fit.

4. What type of buyer typically chooses a home like this?
Buyers who value a newer house in an established neighbourhood—often families who want a turnkey home without the wait of new construction, or professionals moving up from a smaller starter home. The lot size also appeals to those who want less outdoor upkeep.

5. How does this property’s living area rank citywide?
It’s in the top 38% across Winnipeg for square footage, meaning it’s larger than most homes in the city but not oversized. This puts it in a comfortable middle range—spacious enough for a family, but not unnecessarily large.