Property Overview: 536 Whittier Avenue E, Kern Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kern Park presents a practical and value-oriented opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1,003 sqft living space on a 4,500 sqft lot, built in 1958.
The primary appeal lies in its strong value proposition within its immediate neighborhood. The home's assessed value ranks in the top 3% on its own street and the top 8% in Kern Park, suggesting it is viewed as a higher-quality asset relative to many nearby properties. This, combined with a living area and lot size that are above average for the area, indicates a solid footprint and potential. The renovated basement adds functional living space.
This property would suit first-time buyers seeking an entry into a stable neighborhood with room to grow, or value-focused investors looking for a property with strong fundamentals relative to its local market. It’s a home for those who prioritize neighborhood-level value over citywide square footage comparisons, offering more house and lot for the dollar in this specific community.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in May 2022 for an estimated $35.5k-$38.5k, which aligns closely with its current assessed value of $36.6k. This suggests a stable valuation in line with recent market activity.
2. Is the living space considered small?
Context matters. At 1,003 sqft, it is slightly above the average for Kern Park (~992 sqft) and on par with the street average. While it is below the citywide average, it offers ample space for the area, making it a efficient and competitively sized home for the neighborhood.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or agent to understand if it’s a legal suite, a recreational space, or simply updated living areas.
4. How does the year built (1958) affect the home?
Built in 1958, the home is newer than many on its street and in Kern Park, where average build years are 1943 and 1947 respectively. This can be an advantage, potentially indicating updated infrastructure or building materials compared to much of the immediate housing stock.
5. What is the significance of the lot size?
At 4,500 sqft, the lot is larger than many in Kern Park and on Whittier Avenue E. This offers valuable outdoor space, potential for gardening, parking, or expansion, and is a tangible asset that contributes to the property's above-average ranking in the area.