Property Overview
This one-and-three-quarter storey home in Kern Park is a compact, century-old property with a distinct character. Its key appeal lies in being an affordable entry point into the Winnipeg market, particularly for those valuing location over size. At just over 1,000 square feet of living space, the home is notably smaller than most in its immediate area and across the city. It sits on a modest 2,700 sqft lot, which is significantly smaller than typical lots nearby. The assessed value is well below local and city averages, reflecting its size, age, and the fact that the basement is noted as not being renovated.
This property would suit a first-time buyer, an investor, or a downsizer comfortable with a cozy footprint and potential projects. Its lower price point is balanced by the maintenance considerations of a 1913 build and the opportunity to personalize the space. A thoughtful perspective for the right buyer is that a smaller lot and home can mean significantly lower property taxes and utility costs, offering long-term affordability beyond the purchase price. It’s a practical choice for someone seeking a straightforward, no-frills home in a central neighbourhood.
Frequently Asked Questions
What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full-height rooms in the center that taper at the sides. It offers more space than a bungalow but often with a cozier feel than a full two-storey.
Is the basement usable?
The listing notes the basement exists but is "not renovated." Buyers should budget for potential updates and investigate its current condition, moisture levels, and ceiling height to determine its suitability for storage, laundry, or future living space.
Why is the assessed value so much lower than nearby homes?
The assessed value is based on factors like the home's relatively small size (both the building and the lot), its age, and its condition as reflected in official records. It indicates this property is a more modest offering compared to larger, more updated homes in Kern Park.
What are the implications of such a small lot?
The small lot (2,700 sqft) means minimal exterior maintenance, which can be a benefit. However, it also limits potential for large additions, extensive landscaping, or detached structures like a new garage. Outdoor space will be intimate and efficiently used.
How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold prices, you must request them directly from SaveOnHouse via the provided email link. This is a common practice to ensure data accuracy before it's formally released to public records.