Property Summary: 541 Yale Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kern Park is a compact, efficiently designed property built in 1960. With 736 square feet of living space, it is notably smaller than most area homes, positioning it as a true starter home or downsizing opportunity. Its key features include a renovated basement and a detached garage. The lot is a manageable 4,300 sqft, closely aligned with neighbourhood norms.
The appeal lies in its practicality and location. It offers a lower-maintenance footprint both inside and out, which can mean reduced upkeep costs and effort. While the living space is modest, the renovated basement adds valuable functional area. The assessed value is very reasonable for the street and neighbourhood, suggesting an accessible entry point into the market. This property would suit first-time buyers seeking affordability, investors looking for a rental property, or empty-nesters wanting to right-size without leaving the community. A less obvious perspective is that its smaller size and average lot, in a neighbourhood of generally larger homes, could represent a future redevelopment opportunity, adding a layer of long-term potential to its current utility.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
It is significantly smaller than most comparable homes on Yale Avenue E and in the wider Kern Park area, where average living spaces are often over 1,000 sqft. This is reflected in its accessible price point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the home's full liveable space.
3. Is the assessed value a reliable indicator of the selling price?
The home's assessed value ($29,500) is around average for its immediate street and neighbourhood. However, market conditions, the home's condition, and its recent renovation will be the primary drivers of its final sale price.
4. What is the typical property type and age in Kern Park?
Kern Park features a mix of home styles and eras. This 1960-built home is actually newer than many in the area, where the average build year is 1947. This suggests it may have newer core components than some neighbours.
5. How can I find out the exact historical sold prices?
The provided sold price history is an estimated range. You can obtain the precise sale history by requesting it via email from the listing source, which manually provides the data.