Property Overview
This 1,003 sqft one-storey home, built in 1958, sits on a 4,400 sqft lot in Kern Park. It features a detached garage and a basement that is noted as being unrenovated. The home’s assessed value is $29,300, and it last sold in April 2021. Within its immediate neighborhood and street, its size, lot, and value are consistently around the local average, offering a typical Kern Park footprint.
Key Characteristics & Appeal
The primary appeal of this property is its position as a straightforward, no-frills home in a stable neighborhood. It suits first-time buyers, downsizers, or investors looking for an affordable entry into the Winnipeg market without the premium for a modernized or oversized home. Its lot size is manageable, and the detached garage adds practical utility.
A more thoughtful perspective is its relative modernity compared to its immediate peers. Built in 1958, it is notably newer than many homes on its street and in Kern Park overall, which may mean fewer concerns related to the aging components common in much older houses. However, the unrenovated basement signals a clear opportunity—or a project—for the next owner. It’s a property that represents the median of its area in many ways, appealing to those seeking a balanced, predictable foundation rather than standout luxury or a total fixer-upper.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It usually indicates the basement is in original or functional condition, but not updated with modern finishes. Buyers should budget for potential updates and include an inspection to assess its current state and any needed repairs.
2. How does the assessed value relate to the likely selling price?
The assessed value ($29,300) is for municipal tax purposes and is typically far below market value. Market price is determined by recent sales of comparable homes, location, and condition. The last recorded sale was in 2021.
3. The home is noted as "around average" for the area. Is that a positive?
In this context, it can be. It suggests the property is neither over-improved nor under-sized for Kern Park, which can protect its resale value and make it a comfortable fit within the community fabric.
4. What are the advantages of a detached garage?
It provides flexible storage or workshop space separate from the house. However, it may require walking outside to access, which can be a consideration during Winnipeg winters.
5. The home is newer than many in the area. What are the potential benefits?
A 1958 build may have more modern wiring, plumbing, and insulation standards than homes built in the 1930s or 40s, potentially leading to lower immediate update costs and improved energy efficiency.