Property Overview: 823 Kernaghan Avenue, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Built in 1945, it is notably older than most homes in its immediate area and city-wide. However, it offers more living space (1,230 sq ft) than the majority of comparable houses on its street and in the Mission Gardens neighbourhood, ranking in the top 30% locally. The lot size is standard for the area at just under 5,000 sq ft.
The primary appeal lies in this space-to-value proposition. The assessed value is below average for the street and neighbourhood, suggesting the price may reflect the home’s age, potentially offering more square footage for the dollar. This creates an opportunity for buyers willing to consider a character home that may require updates. It suits practical buyers looking for a larger footprint in a established neighbourhood, and could be a candidate for those with renovation plans, provided they thoroughly investigate the condition of an 81-year-old structure. A thoughtful perspective is recognizing that its "below average" valuation for the area might stem from its age, but that same age could mean well-established landscaping and a mature, settled streetscape.
Section 2: Frequently Asked Questions
1. Why is the assessed value below the neighbourhood average?
The assessed value is likely influenced significantly by the home's age (1945), as it is much older than the typical area home. Assessments factor in property characteristics, and a older home may have a lower valuation compared to newer builds nearby, even if it offers more living space.
2. How does the living area compare to nearby homes?
The 1,230 sq ft of living area is above average for both Kernaghan Avenue and the broader Mission Gardens neighbourhood, placing it in the top 30% locally. You are getting more interior space than most comparable homes in the immediate area.
3. What should I consider due to the home's age?
As an 81-year-old home, a thorough inspection is essential. Consider potential systems (plumbing, electrical, roof) that may be near or past their lifespan, and budget accordingly for updates or maintenance that newer homes may not require.
4. What do the past sold prices indicate?
The home sold in the CA$250k–300k range in both 2017 and 2020. This price history, relative to the current assessed value, can provide context for market trends and should be compared with recent sales of similar, updated homes in Mission Gardens for a complete picture.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them by email via the button on the property page. The service provides the accurate figure manually, typically by the end of the same business day, without using your email for marketing spam.