Property Overview
This home at 409 Victoria Avenue E in Winnipeg's Kern Park neighbourhood presents a distinct profile. It's a two-storey house built in 1912, featuring 1,300 sqft of living space, a renovated basement, and a detached garage on a 3,300 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its value-oriented position within a mature neighbourhood. Its living space is notably above average for Kern Park, offering more room than many nearby homes. The recently renovated basement adds functional, modernized space. However, the home's age and lower assessed value compared to the street and city averages indicate it is likely a classic "fixer-upper" or a character home in need of updates. The lot size is compact relative to area norms.
This home would best suit a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who sees potential in a solid, older structure. It's for someone comfortable with the trade-off of a lower entry price for a property that may require ongoing investment and modernization. Its above-average interior space for the immediate area is a key advantage for those prioritizing square footage over a large yard or new construction.
Frequently Asked Questions
1. Why is the assessed value significantly lower than nearby homes?
The assessed value reflects the home's older age (1912) and its recent sale price, which was below typical area values. This often indicates the property is priced for its condition and land value, rather than for updated finishes or systems.
2. What does "renovated basement" typically mean for a home of this age?
While updated, it's wise to inquire about the specifics and permits for this renovation. In a 1912 home, this could range from cosmetic updates to a full legal suite, but attention should be paid to foundational integrity, moisture control, and the quality of electrical/plumbing work.
3. Is the detached garage original to the 1912 build?
It is unlikely. The garage's age and condition should be verified, as older detached garages may require maintenance or have limitations for modern vehicles or storage needs.
4. How does the compact lot size affect living here?
The 3,300 sqft lot is smaller than most in the area. This means lower outdoor maintenance but also limited private yard space and potential for closer proximity to neighbours. It may appeal to those seeking a lower-maintenance exterior.
5. The home sold recently. What might that indicate?
The very recent sale suggests a quick turnaround. This could be due to an investor's flip, an estate sale, or a previous buyer's change in plans. Requesting details on the nature and extent of any work done during that brief ownership period is advisable.