514 Yale Avenue E

Property Overview: 514 Yale Avenue E, Kern Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1962, offering a renovated basement and a detached garage. With 918 square feet of living space, it is smaller than many homes in the city but is quite typical for its immediate Kern Park neighborhood. The lot is modest at 3,303 square feet, which translates to less yard maintenance—a practical consideration for many.

The primary appeal lies in its positioning as an efficient, entry-level property in a stable, established area. Its assessed value is modest compared to the citywide average, suggesting a potentially accessible price point. It would suit first-time buyers, downsizers, or investors looking for a manageable, no-fuss property. A thoughtful perspective is that while the home is smaller, its 1962 build date is actually newer than most on its street and in Kern Park, meaning potential systems and structure could be relatively younger than those in many neighboring homes. The renovated basement also adds functional living space, offsetting the smaller main floor footprint.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes, at 918 sq ft, the living area is below the Winnipeg average. However, it is closer to the average size for the Kern Park neighborhood itself, and the renovated basement provides additional usable space.

2. What does the "rank" and "top X%" data mean?
This data compares the home to others on the same street, in Kern Park, and across Winnipeg. For example, being in the "Top 10%" for year built on its street simply means it is newer than 90% of homes on Yale Avenue E, not that it is a luxury property.

3. How can the assessed value be so much lower than the city average?
The assessed value (used for property tax calculation) is not market value. This home's assessed value is typical for its area, reflecting factors like lot size, home size, and neighborhood. Market sale prices can differ significantly.

4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms or large, open-concept living areas on one floor, or those who prioritize a large private yard.

5. The last sale price shows a range. How do I find the exact price?
The exact historical sale price is not publicly listed in detail. As noted on the detail page, you can request this information directly via email from the source, SaveOnHouse.