Property Overview
This one-and-three-quarter storey home, built in 1912, is a classic character property in Winnipeg's Kern Park neighbourhood. At 1,222 square feet, its living space is notably above average for the immediate area. It sits on a 3,300 sqft lot and features a detached garage. The home’s key characteristic is its significant age, placing it among the older 10% of homes both locally and citywide. Its assessed value is well below area averages, which is typical for a home of this vintage that likely requires modernization, as the basement is noted as not being renovated.
The appeal here is primarily for a specific buyer: someone seeking an affordable entry into a mature neighbourhood who is prepared for a project. The price point, reflected in the low assessment, offers room for a buyer to invest in updates. It suits a hands-on purchaser, perhaps a first-time homebuyer with renovation skills or an investor looking for a character property with value-add potential. A less obvious perspective is that its compact lot size, while below average, translates to lower maintenance—a potential draw for those who want a house but not extensive yard work. Its age and structure also suggest solid, old-growth construction, appealing to those who appreciate the craftsmanship of early 20th-century homes.
Frequently Asked Questions
1. What does "basement not renovated" imply?
This typically indicates the basement retains its original or very dated state, likely with older finishes, mechanical systems, and possibly moisture concerns. It represents a significant area for potential future investment and improvement.
2. Why is the assessed value so much lower than area averages?
The assessed value is heavily influenced by the home's age (1912) and condition. Compared to newer or fully renovated homes in Kern Park, this property's market value is discounted to account for the updates and maintenance it will require.
3. Is the living space suitable for a family?
At 1,222 sqft, the above-ground living area is reasonable for a small family. However, the unrenovated basement limits immediate usable space. The one-and-three-quarter storey layout may feature smaller, cozier rooms characteristic of its era.
4. What are the considerations with a home built in 1912?
Prospective buyers should budget for and investigate older infrastructure, including plumbing, wiring, and insulation. While built with durable materials, a home of this age requires a thorough inspection to understand the scope of needed repairs or upgrades to meet modern standards.
5. How does the detached garage and lot size affect usability?
The detached garage offers storage or parking but may need attention. The lot, at 3,300 sqft, is smaller than many in the area, which limits expansive outdoor space but also reduces landscaping upkeep—a practical trade-off.