Property Overview & Key Characteristics
This is a compact, one-storey home built in 1930, located on a standard-sized lot in Kern Park. Its key defining feature is its modest scale: at 633 square feet, its living area is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. This is reflected in its assessed value, which is below the local averages. The home has a basement (not renovated) and a detached garage. It last sold in 2016 for a relatively low price point.
The appeal here is fundamentally about value and potential. This property represents one of the more accessible entry points into homeownership in Winnipeg. It suits a specific buyer: someone seeking the lowest possible price to gain a land title and a structure, with the vision and budget to renovate or expand over time. It could also serve as a straightforward investment property. A less obvious perspective is that its small size and vintage may appeal to those seeking a minimalist lifestyle or a project home without the overwhelming scale of a larger, more expensive fixer-upper. It’s a property where the value is in the land and the opportunity, not in move-in-ready finishes or space.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
The home was built in 1930, when smaller, efficient floor plans were more common. The data confirms it is among the smallest homes in its immediate area, which is a primary factor in its below-average assessed value.
2. What does the assessed value tell me about the potential price?
The assessed value is significantly below city-wide averages, indicating this is a lower-tier property in terms of market valuation. It serves as a strong indicator that the listing price would likely be positioned as an entry-level opportunity, but the final sale price is always determined by the current market.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or mechanicals, but requiring significant investment to finish as living space.
4. Who would this property be best for?
It is best suited for a budget-conscious first-time buyer willing to live in a compact space while planning future renovations, or for an investor looking for a lower-cost rental property. It is less suitable for those needing immediate, move-in-ready space or larger rooms.
5. How can I find out what it actually sold for in the past?
The sold price history provided is an estimated range from public data. To obtain the exact historical sale price, you must request it via email from the source site, as they manually verify and provide this detail.