Property Overview
This 1958 one-storey home in Kern Park offers a compact and efficient living space of 909 sqft on a 4,400 sqft lot. Its key appeal lies in its relative affordability and a recently renovated basement, presenting a practical, low-maintenance footprint. The home is positioned as an average property within its immediate neighborhood and street context, but stands out city-wide for its below-average living area and assessed value, which translates to a potentially lower price point and tax burden.
It would suit first-time buyers seeking an entry into the market, downsizers looking to simplify, or investors interested in a manageable rental property. A thoughtful perspective is that while the home is smaller than the city average, its newer build date (1958) compared to many on its street could mean fewer immediate concerns with aging infrastructure common in older Winnipeg homes. The value is in its functionality and location rather than size or premium finishes.
Frequently Asked Questions
1. Is the basement a legal suite?
The listing notes the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking will be on-street or via a driveway (if present, check listing details), and storage solutions will need to be creative, potentially utilizing the renovated basement.
3. The assessed value seems low. What does that indicate?
The assessed value is below the city average, which generally correlates with lower property taxes. It reflects the home's smaller size and modest characteristics relative to the broader market, not necessarily its condition.
4. What are the implications of the home's "around average" rankings for the neighborhood?
In Kern Park, the home's metrics (size, value, lot) are typical. This suggests it fits the area's character and is unlikely to be over-improved or under-improved compared to neighbors, which can be an advantage for stable resale value.
5. The home sold in 2019. What can that price history tell me?
The 2019 sale price provides a historical benchmark, but market conditions have likely changed. It's most useful for understanding past turnover and should be combined with a current market evaluation to assess today's value.