Property Overview: 519 Yale Avenue E, Kern Park, Winnipeg
This one-storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Kern Park neighborhood. Its key appeal lies in a value-oriented entry point into the market, centered on land potential rather than a move-in-ready finish. The 808 sqft living area is modest and below local averages, and the basement is noted as unrenovated. However, the property sits on a 5,400 sqft lot, which is notably larger than many in Kern Park. With a detached garage and a recent sale in 2023, it's a property defined by its fundamentals.
Key Characteristics & Ideal Buyer
The primary characteristic here is the balance between a smaller, older home and a generous lot size. The appeal exists for a specific buyer: someone seeking an affordable entry into homeownership who views the house itself as a solid shell for gradual improvement or who sees long-term value in the land itself. It suits a handy first-time buyer comfortable with projects, an investor looking for a hold property with land value, or someone prioritizing lot size over interior square footage. A less obvious perspective is that, while the home ranks below average in size and assessed value on its street, its lot size is a standout feature for the immediate Kern Park area, suggesting the property's value may be more tied to its land than its structure.
Frequently Asked Questions
1. Is this a fixer-upper?
Yes. The listing explicitly notes the basement is not renovated, and the home's age (1914) and below-average living area suggest it will require updates and maintenance.
2. How does the lot size compare to others?
This is a key feature. At 5,400 sqft, the lot is larger than the average for Kern Park (4,277 sqft), offering more outdoor space or future potential than many neighboring properties.
3. What is the neighborhood like?
The home is in Kern Park. The data shows homes here are generally older and smaller than the city-wide average, indicating a mature, established neighborhood.
4. Why is the assessed value relatively low?
The assessed value of $27,200 is below the street and city-wide averages. This typically reflects the home's smaller size, age, and condition relative to the market, which is also reflected in its sale price history.
5. How recent are the sales, and what do they indicate?
The property sold in August 2023 and previously in June 2017. The increase in sale price range between those dates shows market movement, while the price points consistently align with a more modestly valued property.