Property Overview: 2 Kern Drive, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Kern Park is a property defined by its established neighbourhood setting and practical fundamentals. Built in 1931, it offers 1,234 sqft of living space and sits on a notably generous 6,280 sqft lot, which is well above average for both the Kern Park area and Winnipeg overall. The home includes a basement and a detached garage, but does not have a pool and the basement is noted as not being renovated.
Its primary appeal lies in its land value and location within a mature community. While the home itself is older and its assessed value is modest relative to its immediate street, it presents a solid footprint with room for future updates or expansion. The lot size is a significant asset, offering ample outdoor space that is increasingly rare in city settings. This property would suit a pragmatic buyer—perhaps a first-time homeowner comfortable with a project, an investor looking for a property with strong land value, or someone seeking a character home in a settled area where they can put their own stamp on it over time. It’s less suited for those seeking a modern, turn-key property.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value (listed as $30.70k) is for municipal tax purposes and is typically much lower than the actual market value. Recent sold price ranges for the home and comparable properties with similar assessments should be used as a better guide for current market value.
2. What does "basement not renovated" imply?
This indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and include a thorough inspection to assess its current state, moisture control, and suitability for future finishing.
3. How does the lot size compare to nearby properties?
The lot is a standout feature. At 6,280 sqft, it ranks in the top 10% within Kern Park, meaning it is significantly larger than most properties in the immediate neighbourhood, offering more privacy and yard space.
4. The home ranks low for year built on its street. Should I be concerned?
This indicates the home is one of the older houses on Kern Drive. While it suggests potential for older infrastructure, it also means the property is part of the original fabric of a mature, established area. A professional home inspection is crucial to evaluate the condition of major systems like plumbing, electrical, and the roof.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail here. You can request the precise history by email through the provided form on the listing page; the service aims to provide the accurate figures manually by the end of the same day.