Property Overview
This one-storey home on Regent Avenue East in Kern Park is a practical, no-frills property. Built in 1946, it offers 1,000 sqft of living space on a standard 4,350 sqft lot, with a detached garage. The data suggests it is a modest home that aligns with the averages for its immediate street and neighbourhood in terms of size, age, and lot dimensions. Its most defining characteristic is its significantly below-average assessed value compared to other homes on the street, in Kern Park, and across Winnipeg. This indicates a property with substantial potential for equity growth through updates and modernization, rather than one that is already fully realized.
The appeal lies in its position as an affordable entry point into a stable neighbourhood. It suits first-time buyers, practical renovators looking for a project with clear value-add potential, or investors seeking a rental property with a lower initial outlay. A thoughtful perspective is that its very "averageness" in physical attributes for the area, combined with its low valuation, creates a clear and measurable opportunity for improvement. It’s a canvas where strategic investments could directly align with neighbourhood norms and potentially yield strong proportional returns.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
While the exact reason isn't specified, a significantly lower assessment for a home of average size and lot for the area typically suggests it requires modernization and may not have seen recent major updates. It reflects the condition and features relative to other homes, not the potential value.
2. Is this a good choice for a first-time buyer?
It can be, particularly for buyers who are comfortable with a home that likely needs some work. The lower valuation reduces the initial financial barrier to entry into homeownership in Kern Park, allowing budget to be allocated to gradual improvements.
3. What should I budget beyond the purchase price?
Given the age of the home (1946) and its below-average assessment, you should plan for potential updates to major systems like plumbing or electrical, as well as cosmetic renovations. A thorough inspection is essential to prioritize these needs.
4. How does the lot size compare?
The lot is around average for both Regent Avenue East and the Kern Park neighbourhood, providing a standard outdoor space for a home of this era. It is, however, smaller than the city-wide average for residential lots.
5. You mention a "sold price history," but only show a range. How do I get the exact price?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request the precise historical sale data by emailing the provided contact; they manually provide this information without using your email for unsolicited marketing.