Property Overview
This is a compact, one-storey home built in 1953 on a standard city lot in Kern Park. Its key characteristic is its modest scale, with a living area of 712 sqft that ranks well below average for the street, neighbourhood, and city. This is reflected in its assessed value, which is also significantly lower than surrounding averages. The home features a detached garage and no basement.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and simplicity. It represents a notably low entry point into Winnipeg’s housing market, particularly for the Kern Park area. Its compact size translates to lower utility costs and minimal maintenance, offering a straightforward, manageable living situation.
This home would best suit a first-time buyer or an investor seeking a low-cost acquisition. It’s a practical option for someone who prioritizes financial accessibility over space, or for an investor looking for a rental property with a modest carrying cost. A less obvious perspective is its potential for a buyer who values a "blank slate"—the smaller footprint presents a clear and relatively affordable project for a full cosmetic renovation or even an addition, given the existing land area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is directly tied to the home's below-average size (712 sqft) and likely its original condition, making it one of the most modestly valued properties in its immediate area.
2. What does "no basement" mean for storage and utilities?
All living space is on the main floor. Storage solutions may need to be creative, and mechanical systems like the furnace and water heater will be located in a utility room on the main level.
3. Is this a good investment property?
Given its low assessed value and purchase history, it could offer a lower-than-average entry point for a rental investment. However, prospective landlords should carefully evaluate the potential rental income against property taxes and maintenance costs for an older, smaller home.
4. How does the lot size affect future possibilities?
At 3,303 sqft, the lot is smaller than many in Winnipeg but is a standard city dimension. It provides adequate outdoor space and may allow for future expansions like a rear addition or a larger garage, subject to zoning bylaws.
5. Where can I find the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request them directly via the email prompt on the property detail page; the service provides the accurate figures manually at no cost.