Property Overview: 410 Victoria Avenue E, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1912, situated on a standard city lot in the Kern Park neighbourhood. Its key characteristic is its exceptionally low financial barrier to entry, with an assessed value significantly below local and city-wide averages. The living space is modest at 672 sq ft, and the basement is noted as being unrenovated. There is no garage or pool.
The primary appeal lies in its position as one of the most affordable entry points into homeownership in Winnipeg. It represents a straightforward opportunity for land ownership and a basic shelter, with very low property taxes due to its low assessment. It suits a specific type of buyer: those seeking an absolute minimum upfront investment, such as an investor looking for a bare-bones rental property, a buyer intending a complete rebuild, or an extremely budget-conscious individual willing to live with the home’s as-is condition. Its value is not in its current amenities but in the potential tied to the land and the freedom from a large mortgage.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value reflects the property's age, very small size, and condition—particularly the unrenovated state. It is priced as a basic structure on a plot of land.
2. What would the property taxes be?
Based on the 2024 assessed value of $19,900, the annual property taxes would be among the lowest in the city. An exact calculation can be provided using the current City of Winnipeg mill rate.
3. Is this a teardown property?
While the data suggests it could be a candidate for redevelopment, this isn't a given. A buyer should investigate the structural integrity, potential heritage considerations for a 1912 home, and local zoning bylaws to understand if rebuilding is feasible and permitted.
4. How does the sold price history work?
The listed sale from April 2020 shows a range. For the precise sale price, you can request it via email from the site; they provide the exact figure manually as a service without marketing spam.
5. What should I consider about the neighbourhood?
Kern Park features a mix of older and newer homes. The nearby property at 307 Regent Avenue E, built in 2024, shows the area has seen recent development, which may indicate a neighbourhood in transition. Researching future city plans for the area would be advisable.