Property Overview
This 1920s one-and-a-half storey home in Kern Park offers a blend of classic character and practical updates. Its key appeal lies in its generous, well-sized lot—ranking in the top quarter of Winnipeg for land area—paired with a recently renovated basement that adds valuable finished space. With 1,068 square feet of living space, it sits comfortably in the middle range for the area, providing a manageable footprint. The home’s assessed value is notably modest compared to many nearby and similar properties, which may present an opportunity for value-conscious buyers. It would suit a first-time homebuyer looking for a solid starter with a good yard, or an investor seeking a character property with renovation potential in a central neighbourhood. A thoughtful perspective is that while the house itself is average-sized for the street, the larger-than-average lot is a lasting asset that offers flexibility for gardening, expansion, or simply more private outdoor space than is typical in this price range.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent to understand if it’s a finished recreational space, contains additional bedrooms, or includes updated utilities.
2. How does the older age of the home (1920) affect it?
While the home has character, its age means potential buyers should budget for and investigate the condition of major older systems like plumbing, electrical, and the foundation. The recent basement renovation may have addressed some of these items.
3. There is no garage. What are the parking options?
The property does not have a garage. Buyers should verify on-site parking arrangements, such as a driveway or permitted street parking, as this can vary on older streets.
4. The assessed value seems low. Does that impact the listing price?
Assessed value is for municipal tax purposes and is often lower than market value. The listing price is set by the seller based on current market conditions. The lower assessment, however, can indicate a relatively lower annual property tax burden.
5. How does this home compare to the newer builds in the area?
Unlike the nearby modern homes (like those on Regent Avenue built in the 2020s), this property offers established neighbourhood charm and a larger lot, but likely requires more maintenance and lacks modern open-concept layouts. It represents a different value proposition focused on land and character versus new construction and modern finishes.