Property Overview
This one-storey home at 551 Victoria Avenue E in Winnipeg's Kern Park neighborhood presents a practical and renovated living space. Built in 1959, its key characteristics include just over 1,000 square feet of living area, a renovated basement, and a detached garage on a 4,404 sqft lot. The appeal lies in its solid foundation as a move-in ready, single-level home with modern updates below grade. Its assessed value is notably above average for Kern Park, suggesting it is a well-regarded property within its immediate area.
This home would suit first-time buyers or downsizers looking for a manageable, updated space without the upkeep of a larger property. It also represents a sensible choice for an investor or buyer seeking a home in a neighborhood where the property stands out relative to local averages, offering potential stability.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,003 sqft, the living area is close to the city-wide average but is slightly below the average for Kern Park specifically. This indicates a more compact, efficient layout compared to some neighbors, which can mean lower utility costs and less maintenance.
2. What does the above-average assessment in Kern Park indicate?
With an assessed value ranking in the top 23% for the neighborhood, this suggests the property is viewed as a higher-quality asset within Kern Park compared to many surrounding homes. This could be due to the renovations, lot placement, or overall condition.
3. Is the basement renovation reflected in the living area square footage?
No. The 1,003 sqft living area refers to above-grade space. The renovated basement is additional, functional space that adds value but is not included in the official living area calculation.
4. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also present future opportunities (like a studio conversion) subject to local bylaws.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available upon request from the listing service. You can provide your email to receive the precise figure, as this data is manually verified from official records to ensure accuracy.