Property Overview
This 4-level split home at 548 Ravelston Avenue E in Winnipeg's Kern Park neighborhood presents a compelling blend of space, location, and value. Built in 1961, it features 1,842 sqft of living area—a size that places it in the top 3% of homes both on its street and in the wider Kern Park area. The property sits on a 4,899 sqft lot and includes a renovated basement and a detached garage.
Key Characteristics & Appeal
The primary appeal of this home lies in its generous interior space relative to its immediate surroundings. With significantly more square footage than most comparable homes in Kern Park, it offers room to grow without the premium often associated with newer, larger subdivisions. The renovated basement adds modern, functional living space. Its assessed value is above average for the neighborhood, suggesting a solid investment in a well-regarded area, while remaining around the city-wide average, indicating a balanced price point.
This property would suit buyers who prioritize interior space over a massive yard, perhaps young families looking for room to expand within an established community. It also appeals to value-conscious purchasers seeking a home that stands out in its local market for size without being the most expensive property on the block. A less obvious advantage is the home's age; built in 1961, it is newer than many area comparables, potentially meaning fewer immediate updates than older homes and a design that aligns more closely with modern living patterns.
Frequently Asked Questions
1. How does the home's size compare to others in Winnipeg?
At 1,842 sqft, the living area is above the city-wide average (1,342 sqft), placing it within the top 16% of homes in Winnipeg for size.
2. What does the "Top 3%" ranking for living area in Kern Park mean?
It means this home has more living space than approximately 97% of comparable homes in the Kern Park neighborhood, making it a notably spacious option in the area.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($371,000) is used for property tax calculation and is one data point. Market conditions, the home's specific condition, and recent upgrades ultimately determine the sale price. Historical sold price data for the area can provide additional context.
4. What are the potential implications of a detached garage?
A detached garage offers flexibility for use as a workshop or studio separate from the house but requires going outdoors to access your vehicle, which can be a consideration during Winnipeg winters.
5. Where can I find the exact historical sold price for this property?
The exact sold price history is available by request. You can provide your email via the "Get exact sold price history" button on the property page, and the accurate data will be sent to you manually, typically by the end of the same business day.