Property Overview
This one-storey home in Kern Park presents a practical opportunity. Its key appeal lies in the balance between a compact, renovated living space and a generously sized lot. At 884 sq ft, the living area is modest and below average for the neighbourhood, suggesting an efficient, low-maintenance interior footprint. However, the 6,396 sq ft land area is a significant asset, ranking well above average for the street and area, offering ample outdoor space and potential. The home features a renovated basement and a detached garage. It was built in 1953 and carries a current assessed value that is around the average for Winnipeg.
This property would suit first-time buyers or downsizers looking for a manageable home without sacrificing yard space. It’s also a fit for value-conscious buyers who see potential in the substantial lot, whether for gardening, expansion, or future value. The recent basement renovation adds move-in readiness, while the property metrics indicate you are primarily investing in the land within a well-established community.
Frequently Asked Questions
1. Is the house too small?
At 884 sq ft, the living space is compact. It's below the average for Kern Park, so it's best suited for individuals, couples, or small families comfortable with efficient living. The renovated basement provides additional usable space.
2. What is the real significance of the large lot?
The lot size is a standout feature. It offers rare outdoor space for the area, providing room for recreation, gardening, or future additions like a shed or deck. In the long term, lot size is a key driver of property value in established neighbourhoods.
3. The assessed value seems low. Does that reflect the price?
Assessed value is for municipal tax purposes and is not a market price. This home's assessment is around the city average. The sale price will be determined by current market conditions, the home's condition, and its desirable lot size.
4. What does the sale history tell us?
It last sold in late 2019 for an estimated range of $225k-$255k. This provides a historical benchmark, but market dynamics have likely shifted since then. For the most accurate past sale price, you can request the exact figure from the listing provider.
5. Who are the typical neighbours or buyers in Kern Park?
Kern Park is a mature neighbourhood with a mix of long-time residents and newer buyers. Given this home's profile, it would likely attract practical buyers seeking an established community feel without the upkeep of a very large house, but with the benefit of a sizable yard.