413 Regent Avenue E

Property Overview: 413 Regent Avenue E, Kern Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Kern Park is a well-positioned property that stands out for its above-average living space and value within its immediate area. Built in 1948, the home offers 1,486 sqft of living area, which is notably larger than most comparable homes on its street and in the Kern Park neighbourhood. It features a renovated basement and a detached garage. The assessed value of $35,600 is consistently above average for both Regent Avenue East and the wider Kern Park area, suggesting a solid foundation of value relative to its peers.

The primary appeal lies in its spaciousness and established neighbourhood setting. It represents a practical opportunity for buyers seeking a home with more room than typical for the area, without a premium city-wide price tag. It would suit a first-time buyer, a small family, or an investor looking for a character home in a mature community. A thoughtful perspective is that while the home is older, its above-average size and renovated basement indicate it has been maintained and updated, offering a balance of classic charm and modern functionality. Its value rankings suggest it's a stronger performer in its micro-market than in the city as a whole, highlighting the importance of location-specific evaluation.

Section 2: Frequently Asked Questions

1. How does the living space truly compare to other homes?
The living area of 1,486 sqft is in the top 4% of similar homes on Regent Avenue E and the top 8% within Kern Park, meaning it is significantly more spacious than most direct comparables in the immediate vicinity.

2. What does the assessed value tell me about this property?
With an assessed value of $35,600, this home ranks in the top 11% for Kern Park and top 8% for its street. This indicates municipal assessment views it as a higher-value property within its local context compared to neighbours.

3. Has the property's market value increased?
Based on available sold price data, the property last sold in April 2021 for an estimated $27,500k-$30,500k. The current assessed value of $35,600 is higher, though it is important to note that assessed value is for taxation purposes and not a direct market appraisal.

4. What is the lot size, and is it typical?
The lot is 4,400 sqft, which is around the average size for both Regent Avenue East and the Kern Park neighbourhood, offering a standard urban yard space.

5. The home was built in 1948. What should I consider?
While the home is older than the city-wide average, its age is typical for the street and neighbourhood. The renovated basement is a positive update. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and wiring.