Property Overview: 508 Harvard Avenue E, Winnipeg
Key Characteristics & Appeal
This bi-level home in Kern Park is defined by its modern age and efficient layout. Built in 2002, it is a notably newer construction compared to most homes in the area, which typically date back to the mid-20th century. This is its primary advantage, suggesting newer major systems and potentially lower immediate maintenance. The living space is a practical 1,015 sqft with a renovated basement, fitting for individuals, couples, or small families who prioritize easy upkeep over expansive square footage. The lot is compact at 3,300 sqft, which translates to less yard work—a perk for some, a limitation for others.
Its appeal lies in offering a contemporary, low-maintenance living experience within an established neighborhood. The home’s assessed value is strong for Kern Park, indicating it is perceived as a above-average property within that specific community. It would suit first-time buyers or downsizers seeking a modern home without a sprawling footprint, and value-conscious buyers who appreciate that the property’s newer build date may offset the smaller lot size when compared to older neighborhood homes.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it means significantly less outdoor maintenance. This can be a major benefit for those not wanting extensive gardening or yard upkeep, though it may not suit those wanting large outdoor recreation or gardening space.
2. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. A prospective buyer should inquire about the renovation's date, permits, and whether it created a legal secondary suite or additional living space.
3. The home sold recently in 2023 and 2020. What does this indicate?
The recent sales activity could suggest a number of things, from investor turnover to an owner’s changing circumstances. It’s worth investigating the reasons for the quick resale to ensure there are no underlying issues with the property or location.
4. Is the detached garage a standard size?
The listing confirms a detached garage but does not state its dimensions or condition. Given the compact lot, the garage size and its placement on the property are important practical considerations for vehicle storage and driveway layout.
5. How does the assessed value compare to the likely asking price?
With an assessed value of $380k, which is high for Kern Park, buyers should be prepared that the market price may be influenced by this newer build date. It’s wise to compare recent sale prices of similar-aged homes in the area, not just older ones, to gauge market value accurately.