Property Summary: 554 Harvard Avenue E, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in the Kern Park neighbourhood, built in 1958. With 909 sqft of living space and a recently renovated basement, it offers efficient, low-maintenance living on a standard 4,499 sqft lot with a detached garage. The home’s primary appeal lies in its value proposition and practicality. It presents an opportunity for entry into the Winnipeg market at a relatively accessible price point, as reflected in its below-city-average assessed value. The renovated basement adds functional living space, making the total usable area more competitive than the main floor square footage alone suggests.
This property would suit first-time buyers, downsizers, or pragmatic investors looking for a solid, no-frills home in a central location. Its manageable size and lot are ideal for those seeking simplicity and lower upkeep costs. A less obvious perspective is that, while the home ranks below average in size citywide, its above-average year of construction for its immediate street suggests it may have more modern core systems than some neighbouring properties, potentially offering hidden reliability.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 909 sqft, the living area is below the Winnipeg city average. However, within the specific Kern Park area, it is much closer to the neighbourhood average, indicating it’s a typically sized home for this community.
2. What does the assessed value tell me about the price?
The assessed value is below the citywide average, which often correlates with a more accessible purchase price. It’s important to note that assessed value is for tax purposes; the final sale price is determined by the market.
3. Is a home built in 1958 a concern?
While 68 years old, the data shows this home is actually newer than most on its street. This could mean updates to foundational elements over time, but a thorough inspection is always recommended to understand the condition of the roof, wiring, and plumbing.
4. What is the potential of the detached garage and lot?
The standard city lot and detached garage offer practical space for parking, storage, or a workshop. The lot size provides typical outdoor space for gardening or entertaining but is not oversized for extensive expansions.
5. Where can I find the exact historical sale prices?
Exact sold prices are not publicly displayed in detail here. The listing service offers to provide this precise history manually via email upon request, with the data sourced from public records over the past decade.