Property Overview: 529 Victoria Avenue E, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Kern Park, built in 1971. With 984 sqft of living space and a recently renovated basement, it offers efficient, modernized living on a manageable 3,303 sqft lot. The home includes a detached garage.
Its primary appeal lies in its balance of updates and location-specific value. While its size is below the city average, it ranks above average for its year built within the neighbourhood, suggesting it may be newer than many surrounding homes. The assessed value is notably strong for Kern Park, positioned well above the local average, which can indicate good upkeep and desirability in the immediate area.
This property would suit first-time buyers or downsizers seeking a low-maintenance home in an established neighbourhood without a major renovation project. The renovated basement adds functional space, making the smaller main footprint more versatile. It’s a practical choice for someone prioritizing a modernized interior and a solid value position within the local market over expansive square footage or a large yard.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value is in the top 28% for the Kern Park neighbourhood, meaning it is valued higher than most comparable local properties. This often reflects factors like updates, condition, or desirability on the street.
2. Is the lot size a drawback?
At 3,303 sqft, the lot is below average for both the street and the city. This means less yard maintenance but also less private outdoor space. It’s a trade-off that suits those wanting a simpler exterior to manage.
3. What does the “above average” year built mean for a 1971 home?
In Kern Park, many homes are older, with comparables averaging a build year of 1947. A 1971 construction date means this home is significantly newer than many in the area, which can be advantageous for systems, layout, and potentially fewer legacy maintenance issues.
4. The home sold in 2022 and 2016. What does that price history show?
The sold price ranges show appreciation between 2016 and 2022. More importantly, the 2022 sale price ranked in the top 15% compared to the broader area average at that time, indicating a strong market performance for this type of property.
5. Who might this property not suit?
Buyers needing multiple bedrooms or dedicated home-office spaces on the main floor may find the living area limiting. Similarly, those wanting a large garden, play area, or space for future additions would find the lot size restrictive.