Property Overview
This one-storey home at 529 Yale Avenue E in Winnipeg's Kern Park neighborhood presents a practical and well-situated option. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lot size that is notably above average for the immediate area. Built in 1960, it is a newer construction compared to many homes on its street and in Kern Park. The living space is modest at just over 1,000 sqft, aligning with city-wide averages but smaller than many direct neighbors. The assessed value is strong for the Kern Park area, ranking in the top 11%, which suggests good value retention within the community.
This property would suit a first-time homebuyer or a downsizer looking for a manageable, single-level layout in an established neighborhood. It's also a sensible choice for a value-oriented investor, given the renovated basement potential and the solid assessment relative to the local market. A less obvious perspective is that its "newer" vintage for the area may mean fewer immediate concerns with major aging infrastructure found in much older homes, while still offering the mature streetscape many desire.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: With 1,037 sqft of living area, it is slightly below the average for Kern Park and notably smaller than the average home on Yale Avenue E itself. It offers a more compact, efficient footprint.
Q: What does the assessed value ranking tell me?
A: Its assessment ranks in the top 11% for Kern Park, which is significantly above the neighborhood average. This often indicates the property is viewed favorably relative to its local peers for taxation purposes, but it's not a direct marker of market selling price.
Q: Is the lot size a significant feature?
A: Yes. The 5,100 sqft lot ranks above average for Kern Park, offering more outdoor space than many properties in the neighborhood. This is a key differentiator for gardening, recreation, or future expansion.
Q: The home was last sold in 2017. What can be inferred from that?
A: The seven-year ownership period suggests the sellers had a stable tenure. It may indicate a well-maintained property, but a thorough inspection is always recommended to understand any updates made during that time.
Q: What are the implications of the home being built in 1960?
A: For this area, a 1960 build date is considered newer. It likely means construction methods and materials are more modern than the pre-war homes common in the neighborhood, potentially translating to updates in electrical, plumbing, or insulation standards from that era.