Property Overview
This one-and-a-half storey home, built in 1912, presents a unique profile in Winnipeg's Kern Park neighbourhood. Its primary appeal lies in offering above-average interior living space (1,368 sq ft) within a character home, paired with a notably low municipal assessed value. The home features a renovated basement and a detached garage. While the lot size is compact relative to area averages, this translates to lower maintenance. The property last sold in mid-2016.
Key Characteristics & Ideal Buyer
The home’s standout characteristic is its generous living area, which ranks in the top 12% of Kern Park and provides more room than many city-wide averages. This is contrasted by an assessed value that sits well below average, potentially indicating a different tax burden or an opportunity for value appreciation. The fully renovated basement adds functional, modernized space.
Its appeal is for the practical buyer who prioritizes interior space over land size and is comfortable with the upkeep of a century-old home. It would suit a first-time buyer looking for a character home with move-in-ready lower-level space, or an investor attracted by the low assessment and the neighbourhood's stability. A less obvious perspective is that the compact, urban lot size offers a "lock-and-leave" convenience with less yard work, appealing to busy professionals or downsizers who still want ample indoor space.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including the home's age, condition, and specific features. It is not a market valuation. A low assessment often results in lower property taxes, which can be a financial advantage.
2. What does the "renovated basement" entail?
The listing confirms 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 secondary suites or additional bedrooms.
3. Given the home's age, what should I be concerned about?
Built in 1912, potential buyers should prioritize inspections for foundational integrity, outdated wiring or plumbing, insulation efficiency, and the condition of the roof and windows. The charm of an older home often comes with a maintenance plan for these older systems.
4. How does the lot size impact living here?
At 3,300 sq ft, the lot is smaller than most in the area. This means less private outdoor space and potentially closer proximity to neighbours, but also significantly reduced yard maintenance. Parking and driveway space should be verified.
5. The home sold in 2016; is the price history available?
The exact sold price is not publicly listed. The provided range is an estimate based on public data. You can request the precise historical sale price directly from the listing service via the email link provided, which they manually fulfill.