552 Yale Avenue E

Property Summary: 552 Yale Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Kern Park, built in 1959. With 904 sqft of living space and a renovated basement, it offers efficient, single-level living. The property sits on a standard city lot of just over 4,700 sqft and includes a detached garage.

Its primary appeal lies in its position as a well-situated, manageable property in a mature neighbourhood. The data reveals some thoughtful perspectives: while the home's size is below average for its immediate street and the city, its assessed value is notably strong for the Kern Park area, ranking in the top 14% locally. This suggests the property is perceived to have good value within its specific community context. Furthermore, it is a relatively newer build compared to many homes on its street and in Kern Park, potentially meaning fewer concerns about the age of major components.

This home would best suit first-time buyers, downsizers, or investors looking for a lower-maintenance property in a central Winnipeg neighbourhood. It’s a practical choice for someone who values location and lot size over square footage, and who appreciates a home that has already seen some updates, like the basement renovation.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others?
At 904 sqft, the living area is smaller than the average home on Yale Avenue E and for Winnipeg overall. However, it is closer to the average size for comparable homes specifically within the Kern Park neighbourhood.

2. What does the assessed value tell us?
The assessed value of $34,400 is above the neighbourhood average for Kern Park, ranking in the top 14%. This indicates that for its area, the property is considered to be of relatively higher value, which could be due to factors like its condition, the renovated basement, or its lot.

3. Is the home older or newer for the area?
Built in 1959, it is actually a newer home compared to many on its street and in Kern Park, where many homes date to the 1930s and 40s. This can be an advantage regarding the potential age of foundational elements and systems.

4. What is the recent sales history?
Public records indicate it last sold in January 2020 for an estimated range of $275,000 to $305,000. For the exact sale price, you can request the information via email from the listing source.

5. Who are the most likely neighbours?
The immediate neighbours are other single-family homes on Yale Avenue E, with very similar properties adjacent. The "Similar Assessed Value" list also shows homes in established neighbourhoods like Varsity View and Elmhurst, giving a sense of the property's peer group in the broader market.