Property Overview: 329 Victoria Avenue E, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, situated on a modest 2,700 sqft lot in Kern Park. With 730 sqft of living space and an unrenovated basement, it presents as a true entry-level or investment property. Its appeal lies squarely in affordability and potential. The home's assessed value is notably low compared to area averages, suggesting one of the most accessible price points in the city. This isn't a move-in-ready showpiece; its value is as a canvas. It would suit a hands-on first-time buyer looking for a foothold in the market, an investor seeking a rental property with a low entry cost, or a buyer comfortable with a project who prioritizes location and lot ownership over immediate comfort. A less obvious perspective is that its age and size offer a minimalist living opportunity with lower utility costs and a smaller physical footprint, which can be a specific lifestyle choice rather than just a compromise.
Frequently Asked Questions
1. What is the actual selling price?
The listed sold price history shows a range. For the exact sale price from previous transactions, you can request the information via email from the listing service, which provides the data manually.
2. Is this a "tear-down" property?
Given its age, size, and the fact the basement is noted as "not renovated," some buyers may consider it for land value. However, its lot size is below average for the area, which is an important factor in that decision.
3. What does the "top X%" ranking mean for each metric?
These rankings compare this specific property against others. For example, "Top 91%" for living area means its square footage is greater than only 9% of comparable homes, placing it in the bottom tenth for size. It's a quick visual indicator of how it stacks up.
4. Who might this property not suit?
It would likely not suit buyers seeking a turn-key home, those needing multiple bedrooms or ample space, or anyone unable to budget for immediate updates or renovations. The lack of a garage and the unrenovated basement are significant considerations.
5. How stable is the neighbourhood?
The listing provides recent sales of nearby properties and homes with similar assessed values, which can be used as a gauge. Kern Park features a mix of older, smaller homes like this one and newer constructions, indicating an area in transition.