Property Overview: 805 Leola Street, Kern Park, Winnipeg
Key Characteristics & Appeal
This 2020-built bi-level home at 805 Leola Street is a modern entry in a neighborhood of predominantly older homes. Its primary appeal lies in being a move-in ready, low-maintenance property without the immediate need for updates or major renovations. With 1,150 sqft of living space, it offers above-average roominess for both its immediate street and the Kern Park area.
The home’s standout feature is its assessed value of $37,500, which ranks in the top 5% on its street and top 7% in the neighborhood. This suggests a strong valuation foundation relative to nearby properties. The lot is a manageable 3,660 sqft, typical for the area but smaller than the Winnipeg average, which translates to less yard upkeep.
This property would suit first-time homebuyers seeking a newer build without a premium price tag, or practical buyers who prioritize modern systems and efficiency over a large lot or custom renovations. It’s also a sensible choice for those looking at long-term value in a neighborhood where this home’s age and condition are comparative rarities.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but not renovated, offering blank-canvas storage or future expansion potential.
2. What are the property taxes?
While exact taxes aren’t listed here, they are calculated based on the assessed value of $37,500 and the City of Winnipeg’s mill rate. This assessed value is notably higher than area averages, which is a positive indicator of value but may influence the tax amount.
3. Is there parking or a garage?
The listing specifies there is no garage. Parking would be limited to driveway or street parking, which is common for homes of this era and lot size in the area.
4. How does the sold price history work?
The listed sale price range from November 2020 ($28.5k - $31.5k) is an estimate from public data. The exact sale price can be requested directly from the site, which provides this detail manually via email.
5. Why is the assessed value so high compared to the 2020 sale price?
The significant increase in assessed value since its last sale likely reflects the premium placed on its newer construction (2020) within a neighborhood of much older homes, combined with market changes. It indicates the city’s appraisal recognizes its relative standing.