Property Overview: 508 Roanoke Street, Kern Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, presents a straightforward opportunity in Winnipeg's Kern Park neighborhood. Its key appeal lies in its balance of a modest, manageable house on a relatively generous lot. With 912 sqft of living space, the home is compact and efficient, suitable for those seeking minimal upkeep. The standout feature is the 4,575 sqft land area, which is notably larger than many lots on its street and in the immediate area, offering valuable outdoor space or future potential in a city where lot size is often a premium.
The home’s assessed value is consistently below average for its street, neighborhood, and city-wide, suggesting a potentially accessible entry point into the market. It would suit a first-time buyer, an investor, or someone looking to downsize into a home with a classic footprint and a focus on land value over square footage. The detached garage adds practical utility. A thoughtful perspective for this property is to view it not for its current interior size, but for the value of its land parcel in a mature neighborhood—a canvas for renovation, expansion, or simply enjoying a larger-than-typical yard close to the city's core.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 912 sqft, the living area is below average for Winnipeg. It’s a compact home best suited for individuals, couples, or small families comfortable with efficient use of space.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s smaller size, age, and specific location within Kern Park. It is assessed below average even when compared directly to its neighbors, which may indicate a more basic condition or finishing level.
3. What does "above average" land area mean for this property?
While the house is modest, the lot is over 4,500 sqft. This means you get more yard space than most properties nearby, which is a significant advantage for gardening, recreation, or future projects like a shed, deck, or addition.
4. What can the sold price history tell me?
The last recorded sale was between $16.5k and $19.5k in late 2019. This historical data shows a very low price point from that time, but it is essential to request the exact sold price and seek current market analysis to understand today's value.
5. Who should consider this type of property?
It’s ideal for a value-conscious buyer whose priority is securing land in a established neighborhood, rather than a move-in-ready or spacious home. It appeals to those willing to live in a smaller footprint or who see potential in a property where the land itself is a primary asset.