Property Overview: 305 Victoria Avenue E, Kern Park, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1914, offering 965 square feet of living space on a 2,700 sqft lot in Winnipeg's Kern Park neighbourhood. Its key characteristics include a detached garage and an unrenovated basement. The home’s primary appeal lies in its position as a notably affordable entry point into the housing market, with a very low assessed value that reflects its age and condition. It last sold in late 2024.
The property would suit a specific type of buyer: a hands-on purchaser looking for a true starter home or investment property, comfortable with a project. It’s a practical option for those prioritizing low upfront cost and location over move-in readiness or size. A less obvious perspective is that its modest scale and low taxes could also appeal to someone seeking to minimize their living footprint and ongoing housing expenses, accepting an older home’s trade-offs for financial flexibility.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city averages?
The assessed value is based on the property’s age (112 years), smaller size, and likely the condition of the home and its unrenovated basement, placing it in the bottom 10% of homes in the area for this metric.
2. What does the ranking data for "Living Area" tell me?
While the home is below the city average in size, it’s actually closer to the average for the Kern Park neighbourhood itself. This suggests the area may have a number of similarly scaled, character homes.
3. Is the lot size a disadvantage?
At 2,700 sqft, the lot is smaller than most in the area and city. This means less outdoor maintenance but also limited space for expansions, large gardens, or additions compared to neighbours.
4. What can be inferred from the recent 2024 sale?
The sale in late 2024, at a price range consistent with the low assessment, indicates the market validates its value as a lower-cost property. It may have attracted investor interest or a buyer intending to renovate.
5. Are there any obvious comparisons nearby?
The listing references a newly built home on Regent Avenue (2024, 1,596 sqft, assessed at $48.9k) for context, starkly highlighting the difference between a modern build and this century-old property in terms of size, condition, and value.