Property Overview
888 Kernaghan Avenue presents a solid, middle-of-the-road home in Winnipeg's Mission Gardens neighbourhood. Built in 1990, its 1,080 sqft living space and $33.5k assessed value are consistently average or slightly above average when compared to its immediate street, local area, and the wider city. The lot size of 4,372 sqft is notably smaller than most neighbours on Kernaghan Avenue, which may limit expansive outdoor projects but also means less maintenance. The home last sold in the $300k-$350k range in 2024, a price point that was competitive in the broader market.
Key Characteristics & Appeal
The primary appeal of this property is its stability and predictability. It’s not an outlier in any category—it offers a manageable size in a well-established area without the premium or the challenges of a much older or newer home. Its 1990 build date suggests modern enough infrastructure while potentially avoiding some of the design trends or material concerns of later decades. The smaller lot could be a drawback for some, but for buyers seeking a lower-maintenance yard or who prioritize indoor space over outdoor, it’s a practical trade-off. This home would suit first-time buyers, downsizers, or pragmatic investors looking for a straightforward, move-in-ready property without extreme highs or lows in its profile. It’s a home that represents the reliable core of the city’s housing stock.
Frequently Asked Questions
1. How does the lot size impact this property?
At 4,372 sqft, the lot is smaller than most on its street and in Mission Gardens. This typically means less yard work and lower exterior maintenance costs, but it also offers less private outdoor space for gardening, play, or expansion.
2. What does the 2024 sale price indicate about its market value?
The sale in the $300k-$350k range placed it in the top half of the market city-wide at that time. This suggests the home was priced competitively and likely in good, livable condition, appealing to the broad middle segment of buyers.
3. Is a 1990-built home considered old?
Not particularly. While older than the average home on its specific street, it is newer than the average home across Winnipeg. Homes from this era generally feature modern wiring, insulation standards, and floor plans, though key components like the roof or HVAC may be nearing the end of their service life.
4. The assessed value seems low. Is that the market value?
No, the municipal assessed value ($33.5k) is for tax purposes and is not an indicator of market value. Market value is determined by recent sales of comparable homes, like the 2024 sale price shown.
5. How does this home rank for living space in the area?
With 1,080 sqft, it provides slightly more space than the average home on Kernaghan Avenue and is very close to the average for the Mission Gardens area. It offers a comfortable amount of room for a small family or couple without being overly large.