Property Summary: 537 Victoria Avenue E, Winnipeg
Section 1: Overview & Appeal
This one-storey home in Kern Park is a practical and well-positioned property. Its key characteristics include 1,024 sqft of living space, a renovated basement, a detached garage, and a 5,005 sqft lot, built in 1962. The appeal lies in its balance of modest size, recent updates below grade, and its strong standing within the immediate neighbourhood. Data shows it consistently performs above the Kern Park average for assessed value, year built, and land area, suggesting a solid, maintained home in a stable context. It last sold in late 2024.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout in an established area. It’s also a pragmatic choice for an investor or buyer looking for a property with foundational work already done (the basement renovation) and a valuation that holds its own locally, without the premium or challenges of a much older or larger home.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value is notably above the average for Kern Park, ranking in the top 19% locally. This indicates the property is assessed more highly than most in the immediate area, often reflecting its condition, lot size, or improvements relative to nearby homes.
2. Is the living space considered small?
At 1,024 sqft, it is below the city-wide average but is actually very close to the typical size for Kern Park. It represents a more compact, efficient footprint, which is common for the neighbourhood.
3. What does the sold price history indicate?
The home sold recently in late 2024. The prior sale was in mid-2019. This pattern of being held for several years at a time can indicate a stable, owner-occupied history rather than frequent turnover.
4. The lot is described as above average for the area. How is that beneficial?
With a 5,005 sqft lot ranking in the top 17% for Kern Park, it offers more outdoor space than many neighbouring properties. This provides greater potential for gardening, expansion, or simply more private yard space in a mature neighbourhood.
5. The home was built in 1962. Is that a concern?
In this context, it’s actually a plus. The build year ranks as newer than 86% of homes in Kern Park, meaning the structure is relatively modern compared to many in the area. This can suggest updated building materials and systems for its vintage.