Property Overview: 526 Yale Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kern Park is a practical and manageable property built in 1959. With 904 sqft of living space and a renovated basement, it offers a compact yet functional layout. The home sits on a 4,605 sqft lot with a detached garage. Its assessed value is notably modest compared to city-wide averages.
The primary appeal lies in its affordability and efficiency. It represents a lower barrier to entry into the Winnipeg market, particularly within its neighbourhood where it offers a larger-than-average lot for the area. The renovated basement adds valuable finished space. This property would suit first-time buyers, downsizers looking for a single-level home without a large footprint, or investors seeking a straightforward rental property. A less obvious perspective is its relative modernity for the street—being built decades later than many neighbours—which may suggest fewer concerns related to very old infrastructure.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 904 sqft, the living area is below average for the city and for Yale Avenue E specifically, but is around the average size for homes within the Kern Park neighbourhood itself. It’s a compact, efficient layout.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a starting point for municipal tax purposes, but market conditions ultimately determine sale price. This home’s assessed value is below the city average, which often correlates with a more accessible price point.
3. What does the sold price history from 2023 indicate?
The recorded sale in mid-2023 fell within a moderate range. For the most accurate historical sold price, you can request the exact figure via email from the listing source.
4. What are the pros and cons of a 1959 build?
Built in 1959, this home is newer than many on its street and in Kern Park. This can be an advantage, potentially meaning updates to major systems have already been addressed. However, as with any home over 60 years old, a thorough inspection is essential.
5. Who might this property not suit?
It may not suit buyers needing significant space, as it is compact. Those preferring a brand-new home, an attached garage, or a property well above neighbourhood averages in size and value might want to look elsewhere.