810 Leola Street

Property Overview: 810 Leola Street, Winnipeg

Key Characteristics & Appeal

This is a modest, well-situated one-storey home in Kern Park, built in 1958. With 925 square feet of living space and a renovated basement, it offers functional living on a manageable 3,700 sqft lot, complemented by a detached garage. The home’s primary appeal lies in its solid positioning within its immediate neighborhood. The data shows it is consistently "around average" for Kern Park and Leola Street in terms of living area, assessed value, and year built. This suggests a home that fits comfortably within its community context, neither over-improved nor under-developed relative to its peers.

Its value proposition is one of practicality and stability. It would suit first-time buyers seeking an entry point into homeownership without the premium of a larger or newer property, or downsizers looking for a low-maintenance, single-level layout. The renovated basement adds flexible living space, a significant asset in a home of this size. A thoughtful perspective is that its "average" metrics within the neighborhood could indicate a lower risk of overpaying for location or features, offering a grounded, predictable investment in a well-established area.

Frequently Asked Questions

1. How does the home's size compare to others in Winnipeg?
At 925 sqft, the living area is below the Winnipeg city-wide average for comparable homes, which sits around 1,342 sqft. This is typical for many mature, post-war neighborhoods and reflects the home's efficient, compact layout.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $30,600 is a municipal tax valuation. While it provides a benchmark, market conditions ultimately determine sale price. Notably, this assessment is around average for both the street and Kern Park, suggesting the property is in line with local norms.

3. What does the sold price history from 2016 indicate?
The home sold in March 2016 for an estimated range of $19,500 - $22,500. This historical data is useful for understanding long-term market trends in the area, but it does not reflect current value or recent market shifts.

4. What are the implications of the lot size?
At 3,700 sqft, the lot is below the city-wide average but is closer to the norm for Kern Park. This means outdoor space is manageable for upkeep, but may limit potential for large additions. It's typical for the neighborhood's character.

5. The home was built in 1958. What should I consider?
While the basement has been renovated, a home of this age will likely have original or aging core components, such as the roof, windows, plumbing, and electrical systems. A thorough inspection is essential to understand the condition and any upcoming maintenance needs.