Property Overview: 604 Leola Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kern Park is a practical and renovated property that represents a solid entry point into the Winnipeg market. Its key characteristics include a 936 sqft living area, a renovated basement, a detached garage, and a 3,660 sqft lot. Built in 1960, the home sits comfortably within the averages for its immediate street and neighborhood in terms of size, assessed value, and land area. Its appeal lies in its move-in readiness with a modernized basement, and its position in a stable, established community. The data suggests it’s a home that doesn’t stand out dramatically on paper within its local context, which can be an advantage for buyers seeking a fairly priced, no-surprises property in a mature area.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout without a major renovation project. It also appeals to the value-conscious buyer who prioritizes a renovated interior and a functional detached garage over having a larger lot or above-average square footage compared to the entire city. A less obvious perspective is that its "average" metrics within Kern Park indicate a predictability that can be reassuring; you’re investing in a known quantity within the neighborhood fabric, not an outlier.
Frequently Asked Questions
1. How does the living space compare to typical homes?
At 936 sqft, it is slightly below the city-wide average but is very typical for the Kern Park neighborhood and Leola Street itself, where comparable homes average around 1,020-1,047 sqft.
2. What does the assessed value indicate about the property’s standing?
With an assessed value of $30.70k, it ranks around the middle compared to homes on its street and in Kern Park, suggesting it is fairly aligned with local market values and not over-assessed relative to its immediate peers.
3. Is the lot size a constraint?
The 3,660 sqft lot is below the city-wide average but is standard for the Kern Park area. It provides adequate outdoor space for a garden or patio without the maintenance demands of a much larger yard.
4. The home sold recently. What can that price tell me?
The reported sold price range in September 2024 was $30.50k - $33.50k. This recent sale provides a concrete, current benchmark for the home’s market value, showing it transacted close to its assessed value.
5. Who might this property not suit?
Buyers seeking a large lot, a home significantly newer than the 1960s, or square footage well above the city average may find this property too compact or standard. It is best for those whose needs align with the established character of the neighborhood.