Property Overview
This 700 sqft, one-storey home on a 4,000 sqft lot in Kern Park is a study in practicality and potential. Built in 1946, it presents a straightforward opportunity in the Winnipeg market. Its key appeal lies in its position as one of the area's most accessible entry points, with an assessed value significantly below local and city averages. The detached garage adds functional value. This isn't a move-in-ready showcase; its living space is notably compact compared to neighbors. Instead, it suits a specific buyer: a first-time purchaser, an investor, or a downsizer comfortable with a modest footprint who sees the value in a lower-cost holding in an established neighborhood. The appeal is grounded in affordability and the chance to add value over time, rather than in immediate luxury or size.
Frequently Asked Questions
1. Is this a "fixer-upper"?
While the listing doesn't detail condition, the data suggests it. The assessed value and last sold price are very low for the area, and the living area is well below average. Buyers should budget for updates, but this is reflected in the price.
2. Why is the assessed value so much lower than the city average?
The assessed value of $21,200 is for municipal tax purposes and is not market value. However, its ranking in the bottom 10% for the street and neighborhood confirms it is a lower-valued property, likely due to its smaller size, age, and condition.
3. What are the less obvious pros and cons of a home this size?
A clear pro is lower utility and maintenance costs. A potential con is limited space for a growing family or home office. However, its modest scale could be perfect for someone seeking simplicity and lower ongoing expenses.
4. The lot size seems average for the area. Could the property be expanded?
The 4,000 sqft lot is typical for Kern Park. While expansion or adding a second storey may be physically possible, it would require investigating zoning bylaws, heritage designations (if any), and the significant investment involved.
5. How reliable are the past sold price ranges shown?
The ranges are based on public data. For the exact sale price from August 2017 (listed as $14.5k–$17.5k), you must request it directly from the site, as they manually provide this specific figure to ensure accuracy.