Property Overview
112 Victoria Avenue E is a one-storey home in Winnipeg's Kern Park neighbourhood, built in 1923. With 996 sqft of living space and a 4,050 sqft lot, it presents a classic, compact footprint. The home features a detached garage and a basement that is noted as not being renovated. Its assessed value is significantly below both the citywide and local area averages, indicating a lower property tax base.
Key Characteristics & Appeal
This property’s primary appeal lies in its value proposition and location. It suits first-time buyers, downsizers, or investors looking for an entry point into the market with a manageable scale and lower ongoing tax costs. The home is a practical candidate for those comfortable with a property that may require updates, offering the chance to add value over time. A thoughtful perspective is its relative size: while below the city average, the living area is actually quite typical for the immediate Kern Park area, suggesting it fits the local streetscape. Its age, while a century old, is also common for the neighbourhood, meaning renovation challenges or character details won’t be outliers on the block. The appeal is grounded in realism—it’s a home for those who prioritize location and lot over move-in-ready finishes, seeing potential where others might just see age.
Frequently Asked Questions
1. What does "basement not renovated" typically mean?
It usually indicates the basement retains its original or utilitarian state, likely with concrete floors, basic walls, and older mechanical systems. It’s functional space but would require investment to modernize as living area.
2. Is the assessed value the same as the market value?
No. The assessed value ($25,600) is for municipal tax purposes and is often considerably lower than market value. A home’s sale price is determined by current market conditions.
3. How does the lot size compare?
At 4,050 sqft, the lot is slightly below average for the city but is actually quite standard for the Kern Park neighbourhood, offering a typical urban yard size.
4. What are the implications of the home’s age (1923)?
It suggests potential for classic architectural charm but also means critical attention should be paid to the condition of major aging components like the roof, plumbing, wiring, and foundation during an inspection.
5. Who would this home suit best?
It’s well-suited for a pragmatic buyer—perhaps a first-timer, an investor, or a hands-on downsizer—who is prepared for a property that offers solid fundamentals (location, lot) but may need cosmetic or systemic updates to meet modern standards.