Property Overview: 211 Victoria Avenue E, Kern Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a practical opportunity in Winnipeg's Kern Park neighbourhood. Its key appeal lies in its renovated basement and a living area (1,065 sqft) that is reasonably sized for the immediate area. The home sits on a modest 2,700 sqft lot, which translates to lower maintenance. The detached garage adds functional value.
The property’s most defining characteristic is its value positioning. With an assessed value significantly below averages for the street, neighbourhood, and city, it represents an accessible entry point. This is a home suited for first-time buyers, downsizers, or practical investors seeking a straightforward, no-frills property in an established area. Its below-average metrics for year, land size, and value suggest it’s not a luxury offering, but a solid, functional dwelling for those prioritizing affordability and location over modern size or premium finishes. The recent basement renovation is a notable positive update in an otherwise older structure.
Frequently Asked Questions
1. Is this a good value for the money?
Based on the data, the assessed value is well below area averages, indicating it could be a cost-effective option. However, buyers should consider that the older age (1912) and smaller lot may account for this and budget accordingly for potential maintenance.
2. What should I know about a house built in 1912?
While the renovated basement is a plus, the core structure is over 110 years old. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, which may need updating.
3. The lot seems small. What are the implications?
At 2,700 sqft, the yard requires minimal upkeep, which is ideal for those seeking a low-maintenance outdoor space. The trade-off is limited private outdoor area and potential proximity to neighbouring homes.
4. How does the living space compare to nearby homes?
At 1,065 sqft, the living area is closer to the neighbourhood average than its other metrics. This suggests the interior space is reasonably functional for the area, despite the home's older vintage and smaller lot.
5. Why is the assessed value so much lower than recent sale prices shown?
The sold price ranges from 2024 and 2019 are significantly higher than the current assessed value. This discrepancy is common and suggests the market value has risen. It’s crucial to obtain the exact sale prices and consult a real estate professional for a current market evaluation.