Property Overview
This one-and-a-half storey home at 400 Victoria Avenue E in Winnipeg's Kern Park neighborhood presents a practical and affordable entry point into the market. Built in 1949, it offers 1,042 sqft of living space with a renovated basement and a detached garage. The lot is a manageable 3,800 sqft. Key data shows its assessed value is consistently below average for the city and its immediate street, which historically translates to a lower price point and property tax burden. Its size and value are most comparable to typical homes in the broader Kern Park area, suggesting it fits the neighborhood's profile well.
Who It's For & Where Its Appeal Lies
This property suits first-time homebuyers, downsizers, or investors seeking a straightforward, lower-maintenance footprint. Its appeal lies in its functionality—the renovated basement adds flexible living space, and the detached garage is a valuable asset. A less obvious advantage is its "middle-of-the-road" standing in Kern Park; it’s not an outlier in size or value, which can mean more predictable resale dynamics and less pressure for extensive upgrades to match the neighborhood. It’s for someone who values a solid, no-frills home in an established area without the premium price tag of a larger lot or a recently built property.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data indicates its assessed value is below the average for Victoria Avenue E. This typically suggests a more affordable purchase price, but it's important to understand why—factors could include the home's smaller lot size, its specific condition, or its exact layout compared to neighbors.
2. What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes legal egress, proper moisture control, and permitted work.
3. How does the smaller lot size impact living here?
At 3,800 sqft, the lot is below average for the street but around average for Kern Park. This means lower yard maintenance, which is a plus for many, but also less private outdoor space and limited potential for expansions like a large addition or pool.
4. What is the significance of the sold price history showing ranges?
The listed sold prices (e.g., $23.5k–$26.5k) are estimates from public data. To get the exact sale price for informed offer decisions, you must request it directly from the provided service. This is a common practice to ensure buyers have accurate, verified historical data.
5. The home is older; what should I be most concerned about?
Built in 1949, major systems like the roof, plumbing, electrical, and foundation should be a primary focus of an inspection. The renovated basement should be checked for proper waterproofing. The age also presents an opportunity for character often missing in newer builds, but it requires a budget for ongoing maintenance.