Property Overview & Key Characteristics
This 932 sqft, one-storey home in Kern Park is a compact, post-war property built in 1948. Its key appeal lies in its relative affordability and a recently renovated basement, offering a solid foundation for comfortable living or a value-conscious investment. The living area is modest but efficient for the neighbourhood, and the 3,300 sqft lot provides a manageable outdoor space.
This home would best suit first-time buyers or downsizers seeking an entry point into the Winnipeg market with some modern updates already in place. It’s also a practical option for an investor looking for a character home with rental potential, given its below-average assessed value compared to both the immediate street and the wider city. A thoughtful perspective is that while the home ranks below average in size and value on its own street, it represents a more typical footprint for the broader Kern Park area, suggesting it fits the local scale well and may benefit from the neighbourhood’s overall stability.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is notably below the average for both Yale Avenue E and the Kern Park neighbourhood, indicating this property is positioned at a more accessible price point within the area.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the seller is necessary to determine the finishes, layout, and if it includes a legal suite or additional living space.
3. Is the lot size a limitation?
At 3,300 sqft, the lot is smaller than most on the street and in the city. This means lower maintenance, but also less private outdoor space. For some buyers, this is a practical trade-off for affordability.
4. What can the sold price history tell me?
The home sold in July 2017 for an estimated range of $17.5k to $20.5k. This historical data is useful for understanding market trends, but the current value will be influenced by the basement renovation and subsequent market conditions.
5. Who are the typical neighbours?
The home is on a street with properties of varying sizes and ages. The nearby reference property at 307 Regent Avenue E is a much newer (2024), larger, and higher-valued home, illustrating the mix of old and new in the evolving neighbourhood.