Property Overview
This one-storey home at 510 Roanoke Street in Kern Park is a compact, century-old property with a classic Winnipeg footprint. Its key appeal lies in its position as an affordable entry point into the market, offering a manageable scale on a decent-sized lot. The 866 sqft living area is modest, ranking below average for the neighbourhood and city, which translates to lower utility costs and minimal upkeep. The detached garage and full (though unrenovated) basement add functional space and storage potential. Its assessed value is notably low, even for the area, suggesting a property tax advantage.
This home would suit a first-time buyer, an investor looking for a straightforward rental, or someone seeking a low-maintenance base in a central neighbourhood. It’s not for those needing ample or modern living space, but rather for a pragmatic buyer who sees value in the land, location, and the freedom to customize over time. A thoughtful perspective is that its 1916 construction places it as the oldest on its street—this offers authentic character but requires a buyer comfortable with the maintenance realities of a 110-year-old structure.
Frequently Asked Questions
1. Is the low assessed value a good sign?
Yes and no. It likely means lower annual property taxes, which is a financial benefit. However, it also reflects the home’s age, smaller size, and unrenovated condition compared to area averages.
2. What does "basement, not renovated" imply?
It means the basement is unfinished or in original condition. It provides valuable storage or utility space but would require investment to become a modern living area. Ensure to check for foundational integrity and moisture control.
3. How does the living space compare practically?
At 866 sqft, it’s significantly smaller than the average Winnipeg home. This necessitates efficient use of space and may not comfortably accommodate a large family. The upside is easier cleaning and heating.
4. The home sold in 2021. What can that price tell me?
The sold price range from 2021 gives a historical benchmark, but market conditions have changed. It primarily shows the home has been an affordable option for years, which can indicate its consistent market positioning.
5. What are the pros and cons of it being the oldest house on the block?
The character and potential for historic charm are pros. The cons are the increased likelihood of outdated systems (like plumbing or wiring) needing attention and the potential for more stringent maintenance compared to newer homes on the street.