Property Summary: 125 Victoria Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Kern Park is a classic Winnipeg character property, built in 1913. With 1,248 sqft of living space and a renovated basement, it offers functional space on a solid 5,400 sqft lot. Its assessed value of $35.2k positions it as an above-average property within the immediate Kern Park area, suggesting a well-regarded location or condition relative to its neighbors.
The appeal lies in its established neighborhood setting and the value it represents within its local context. While its living space is around the city-wide average, it ranks well within Kern Park itself, indicating the home is proportionally larger than many others in the area. The renovated basement adds modern, usable space to the historic structure. This property would suit a buyer looking for a character home in a mature neighborhood, who appreciates the charm of an older build and values the potential stability of a home that stands above the local average in key metrics. It’s a practical choice for someone who wants more than a starter home but is mindful of value within a specific community.
Section 2: Frequently Asked Questions
1. What does the "above average" assessment value for Kern Park actually mean?
It means the municipal assessment of this home is higher than 89% of comparable properties in Kern Park. This typically reflects a combination of the lot, building size, condition, and desirability of the specific location relative to others in the same neighborhood.
2. The home was built in 1913. What should I consider?
While offering classic charm, a home of this age will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and insulation, and to plan for future maintenance or updates that preserve its character while ensuring efficiency.
3. How does the lot size compare?
At 5,400 sqft, the lot is above average for Kern Park but around average for the city. This suggests a good balance of outdoor space for the neighborhood—likely more generous than many nearby properties—without being an exceptionally large yard by broader Winnipeg standards.
4. There’s no garage. How does that affect things?
The lack of a garage is a common feature in older neighborhoods. Buyers should consider the cost and feasibility of adding a garage or secure parking, and factor in street parking availability and winter parking bans.
5. The last recorded sale was in early 2016. Why is the price shown as a range?
The exact sale price is not publicly available in Manitoba’s land registry. The range is an estimate based on publicly accessible data. To obtain the precise historical sale price, you must request it directly from the source providing this summary, as they manually retrieve the official figure.