Property Overview
504 Yale Avenue E is a two-storey home in Winnipeg's Kern Park neighbourhood. Built in 1966, it offers 1,026 sqft of living space with a renovated basement. The property sits on a 3,303 sqft lot and does not include a garage or pool.
Key Characteristics & Appeal
This home presents a practical entry point into the Kern Park area. Its primary appeal lies in its relative modernity compared to many neighbouring homes, as it is newer than most on its street and in the immediate area. The renovated basement adds functional living space. With a below-average assessed value for the city, it positions itself as an affordable option.
The property would likely suit first-time buyers or investors seeking a lower-priced foothold in a mature neighbourhood. Its compact lot size and lack of a garage mean it appeals to those prioritizing simplicity and lower maintenance over expansive outdoor space or vehicle storage. A thoughtful perspective is that this home offers the chance to live in a neighbourhood with older, often larger homes, but with a house that itself requires less immediate updating or upkeep due to its more recent construction date.
Frequently Asked Questions
1. How does the property's size compare to others?
At 1,026 sqft, the living area is fairly typical for Kern Park but is below the city-wide average, resulting in a compact and efficient layout.
2. What does the assessed value indicate?
The assessed value is below average both for the street and city-wide, which typically correlates with lower property taxes. This is a key part of the home's affordability profile.
3. Is the lot size a constraint?
The lot is smaller than most in the area. This limits expansive gardening or large additions but reduces yard maintenance responsibilities.
4. What does "renovated basement" imply?
It indicates the basement has been updated to be a functional living space, adding to the home's usable square footage beyond the main two storeys.
5. How recent are the comparable sales?
The most recent nearby sale shown is from August 2024, providing a very current benchmark for the property's market value in this location.