Property Overview: 143 Whittier Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Kern Park, built in 1942. With 780 sqft of living space, it is notably smaller than most homes in the area and across Winnipeg, placing it in the top 82% and 92% for size locally and city-wide, respectively. This indicates a more modest and manageable footprint. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The lot is a standard city size at 4,000 sqft.
The appeal lies in its efficiency and location. It represents an opportunity for a lower-maintenance lifestyle without the upkeep of a larger property. The renovated basement effectively increases its usable space, making it practical for its size. The assessed value is very typical for Kern Park and its immediate street, suggesting it is priced in line with the local market rather than carrying a premium for size or luxury.
This home would best suit first-time buyers, downsizers, or investors looking for an affordable entry into a established neighbourhood. It’s for those who prioritize location and simplicity over square footage, and who see the value in a home that is already updated in key areas like the basement.
Section 2: Frequently Asked Questions
1. How does the smaller living area impact value?
While the home is below average in size for the city, its assessed value is squarely average for the Kern Park neighbourhood. This suggests the market accounts for the efficient use of space and the renovated basement, with value being driven more by location and lot than by interior square footage alone.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, proper permits, and whether it includes a bathroom or legal secondary suite potential, as this significantly affects the home’s utility and value.
3. Is the detached garage a standard size?
The listing notes a detached garage but not its dimensions. For a home of this vintage, the garage may be a single-car structure. Verifying its size and condition is important for anyone with vehicle storage or workshop needs.
4. How does the sold price history inform the current value?
The home sold in June 2023 for an estimated range of $275k-$305k. With a current assessed value of $288k, this indicates the assessment closely aligns with its recent market price. This provides a solid, recent benchmark for understanding its value trajectory.
5. What are the less obvious considerations for a home of this age?
While the basement has been renovated, a home built in 1942 will have core systems—like plumbing, electrical, and the foundation—that are original or aged. A thorough inspection is crucial to understand the condition and potential upcoming costs for these less-visible but essential components.