Property Overview: 529 Ravelston Avenue E, Kern Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kern Park offers a practical and comfortable living space. Its key characteristics include 920 sqft of living area, a renovated basement, a detached garage, and a 4,200 sqft lot. Built in 1961, it is notably newer than many homes in the immediate area. The appeal lies in its position as a solid, average-sized home within its established neighbourhood—neither the largest nor the smallest on the street, but offering modernized below-ground space and a manageable footprint. The assessed value is consistent with local norms, suggesting a stable, mid-market investment.
This property would suit first-time buyers or downsizers seeking a single-level layout with updated essentials in a quiet area. It also appeals to the value-conscious buyer who prefers a home that doesn’t stand out as an outlier in price or size, but offers the virtue of being newer than its direct peers—a less obvious advantage that can mean updated core systems and potentially lower immediate maintenance.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 920 sqft, the living area is very close to the average for both Ravelston Avenue E and the wider Kern Park area, placing it comfortably in the middle of the range for local houses.
2. What is the significance of the 1961 build year?
The home was built in 1961, which is newer than most comparable homes on its street and in Kern Park. This can be an advantage, as it may indicate newer wiring, plumbing, or structural components compared to older neighbourhood averages.
3. Is the assessed value typical for the area?
Yes. The assessed value is around the median for both the street and the Kern Park neighbourhood, indicating it is priced in line with market expectations for this location.
4. What can the recent sale history tell me?
The home sold in 2022 and previously in 2019. The sale price ranges show it has transacted within a stable band, consistent with its assessed value, reflecting steady market demand without extreme volatility.
5. How does this property compare city-wide?
Compared to all Winnipeg homes, this property sits below average in terms of living space, lot size, and assessed value. This highlights its position as a more compact, affordable option within the broader city market, characteristic of its mature neighbourhood.