Property Overview: 558 Victoria Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kern Park presents a practical and value-conscious opportunity. Built in 1961, its key appeal lies in its balanced, above-average positioning within its immediate neighbourhood. With 1,120 sqft of living space and a renovated basement, it offers functional space that ranks notably higher than many Kern Park comparables. The detached garage and a 5,104 sqft lot provide useful outdoor and storage space, with the lot size being a relative standout for the area.
The home’s strongest suit is its value proposition within Kern Park. Its assessed value sits comfortably in the top 16% for the neighbourhood, suggesting it is viewed favorably relative to local norms without being priced at a premium city-wide. This makes it a sensible choice for first-time buyers, downsizers, or practical investors seeking a solid, no-fuss property in a stable area. It’s particularly suited for those who prioritize the utility of a larger lot and a detached garage over having a newer or larger house, appreciating the character and established nature of a mid-century home.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it consistently performs above the Kern Park average in key metrics like living area, assessed value, year built, and lot size. This indicates it’s a comparatively solid and desirable property within its specific neighbourhood context.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified through a viewing and inspection. It’s an important feature that adds functional living space.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($33.60k) is for municipal tax purposes and is typically far below market value, as shown by the provided past sale price range from 2017 ($25.5k - $28.5k). Market value is determined by current conditions, recent comparable sales, and buyer demand.
4. What are the potential considerations with a 1961-built home?
While newer than many homes in Kern Park, a 65-year-old house will have aging core components. A thorough inspection is essential to understand the condition of the roof, foundation, plumbing, electrical systems, and the quality of the basement renovation.
5. How can I get the exact historical sale prices?
The exact sold prices are not published publicly. As noted on the detail page, you can request the accurate sale history by emailing the site directly; they provide this data manually without using your email for marketing.