Property Overview: 400 Yale Avenue E, Kern Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a 3,800 sqft lot in Winnipeg's Kern Park neighborhood. Its key characteristic is its modest scale: with 700 sqft of living space and an assessed value significantly below area averages, it stands out as an entry-point opportunity in the city’s housing market. The home features a detached garage and no basement.
The appeal lies in its affordability and simplicity. It represents a chance for minimalists, first-time buyers, or investors to enter the market with lower financial barriers. The lot size, while below average for the street, is fairly typical for Kern Park, offering manageable outdoor space without excessive upkeep. Its age places it right around the neighborhood average, suggesting it fits the established character of the area. This property would suit a practical buyer looking for a straightforward home to live in with renovation potential, or an investor seeking a rental property with a lower initial outlay. It’s less about premium features and more about securing a foothold in a mature community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's relatively small size, age, and specific market conditions of its immediate area. It's aligned with similar, modestly-sized properties across Winnipeg and indicates a lower property tax base.
2. What does the "below average" ranking for living area mean for me?
It confirms the home is notably smaller than most in the city, neighborhood, and even on its street. This is a key consideration for space needs but is directly tied to its accessible price point.
3. How reliable are the past sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, you must request the exact sold price history via email from the site, as this information is verified and provided manually.
4. The home has no basement. What are the implications?
This means all living and mechanical systems are on the main floor, and there is no below-ground storage or potential for a traditional basement suite. It simplifies the structure but reduces storage and potential renovation space.
5. Is the lot size a disadvantage?
While smaller than many city lots, the 3,800 sqft parcel is close to the Kern Park average. It provides a manageable yard for gardening or relaxation without the maintenance demands of a larger plot, which can be a benefit for some buyers.