Property Overview
This 1,000 sqft bi-level home at 509 Harvard Avenue E in Kern Park presents a practical and modernized option in a well-established neighbourhood. Built in 1991, it is notably newer than most homes on its street and in the wider area, which can mean fewer concerns over aging major systems. Key features include a renovated basement and a detached garage. The home sits on a 3,300 sqft lot, which is compact compared to local averages, resulting in lower maintenance but less private outdoor space. Its assessed value positions it as an above-average property within Kern Park specifically, suggesting it is a solid investment within the local market context.
Key Characteristics & Appeal
The primary appeal of this property lies in its relative modernity within an older neighbourhood, offering a move-in-ready baseline with a recently updated basement. Its efficient size and smaller lot are well-suited for first-time homebuyers, downsizers, or investors seeking a manageable property with lower upkeep. The detached garage adds functional value for storage or vehicle protection. From a less obvious perspective, while the living space is modest city-wide, its "newer" construction date for the area could translate to better energy efficiency and modern layouts compared to neighbouring century homes. It suits a buyer looking for the established community feel of Kern Park without the potential renovation projects of an older character home. The data indicates it's a competitively valued asset within its immediate area, having sold in the last few years.
Frequently Asked Questions
1. What does the assessed value ranking mean for this property?
While around average for the city and its street, its assessment is in the top 11% within the Kern Park area. This typically indicates it is viewed as a higher-value property compared to most in the direct neighbourhood, which can be positive for equity.
2. How significant is the 1991 build year?
Very significant in this context. It ranks in the top 5% for newness on its street, where the average home was built in 1936. This suggests much newer roofing, plumbing, wiring, and insulation than is typical for the block.
3. What are the implications of the smaller lot size?
The lot is below average in size at all comparison levels. This means less yard work and lower property taxes, but also limited potential for expansions like large additions, pools, or extensive landscaping. It emphasizes a low-maintenance lifestyle.
4. The home sold in May 2022; is that recent data relevant?
Yes. The sale price range from 2022 provides a concrete, post-pandemic market benchmark. Comparing it to the current assessed value and asking price (if listed) can help gauge current market trends and valuation.
5. Who would this property not suit as well?
It may not suit buyers seeking a large lot for gardening or recreation, those needing substantial square footage for a growing family, or purchasers specifically looking for the classic character and architectural details found in Winnipeg's older homes.