Property Summary: 128 Victoria Avenue E, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a standard city lot in the Kern Park neighborhood. Its primary appeal lies in its accessibility and straightforward footprint. With 888 square feet of living space, it is notably smaller than most comparable homes in the area, which typically average around 1,381 sqft on Victoria Avenue E. This positions the property as an efficient, lower-maintenance option. The home features a detached garage and has a very low municipal assessed value, reflecting its modest size and vintage.
This property would best suit first-time buyers or investors seeking an entry point into the Winnipeg market with minimal upfront tax burden. Its scale also appeals to those looking to downsize or who prefer a simpler living space without the upkeep of a larger house. A thoughtful perspective for this home is to view its smaller size not as a limitation, but as a canvas for efficient, modern renovation or as a financially prudent starting point where equity can be built through thoughtful updates over time.
Frequently Asked Questions
1. Is this a small house?
Yes. At 888 sqft, the living area is below the average for the street, the Kern Park area, and the city overall. It is a compact, efficient layout.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $24,600 is based on the property's modest size, age, and characteristics as evaluated for municipal tax purposes. It is not a market sale price but indicates a relatively low annual property tax obligation.
3. What does the sold price history from 2016 indicate?
The home sold in June 2016 for an estimated range of $17.5k to $20.5k. This historical data points to its long-standing position as a more accessible property in the market.
4. How does the lot size compare?
The 4,200 sqft lot is around average for Kern Park but smaller than the average lot on Victoria Avenue E itself. It provides a standard outdoor space for a home of this era.
5. What is a less obvious consideration for a home of this age and size?
While the systems and structure are decades old, the compact floor plan can be highly energy-efficient to heat and maintain. The key will be understanding the condition of core components (roof, wiring, plumbing) and viewing any needed updates as investments into a solid, simple structure.