Property Overview: 507 Kanata Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home in Kern Park is a classic Winnipeg character property built in 1921. With 1,379 sqft of living space, it offers above-average roominess for the Kern Park neighbourhood, ranking in the top 11% locally for size. The lot is a manageable 3,660 sqft, which is typical for the area but smaller than the city-wide average, suggesting lower maintenance. A key point for buyers is the unrenovated basement, indicating potential for customization or a future project.
The appeal lies in its established neighbourhood setting and a house that provides solid space without being oversized. Its assessed value is consistent with the street and area, presenting a straightforward, mid-range option. This home would suit a practical buyer who appreciates older home character and is comfortable with a property that may need gradual updates. It’s a sensible choice for someone looking for a foothold in a mature area without the premium price of a fully modernized home, or for an investor seeking a rental property with a classic layout.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially slightly lower ceilings in parts. It offers more space and character than a bungalow.
2. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished or partly finished space. It likely has the core utilities (furnace, water heater) and basic rooms, but with older flooring, lighting, and wall finishes. It represents both a cost-saving on the purchase price and a future opportunity to tailor the space to your needs.
3. How does the lot size impact the property?
At 3,660 sqft, the yard is smaller than many in the city but standard for Kern Park. This means less outdoor upkeep, which can be a benefit for busy homeowners, but may limit options for large additions or extensive landscaping projects compared to properties on larger lots.
4. The home last sold in early 2022. Is that recent history relevant?
Yes. The sale two years ago establishes a very recent market price point (shown as a range). This provides a concrete benchmark for how the market valued the property post-pandemic, which is a stronger data point than older sales for understanding current value.
5. There's no garage. What are the parking options?
The property listing indicates no garage. You should plan for on-street parking or investigate the feasibility and cost of adding a driveway or a garage at the rear of the property, subject to local bylaws and the lot's layout.