Property Overview

This two-storey home at 205 Yale Avenue E in Winnipeg's Kern Park neighborhood presents a specific and compelling opportunity. Built in 1961, it sits on a standard 4,001 sqft lot and offers a notably spacious 1,976 sqft of living area.

Key Characteristics & Appeal

The primary appeal of this property lies in its generous interior space relative to its assessed value and neighborhood context. With living area rankings in the top 25% on its street and top 2% within Kern Park, it offers significantly more square footage than most local comparables. This creates a value proposition centered on space-per-dollar, particularly for buyers who prioritize roominess over a renovated state, as the basement is noted as not being updated.

The home would suit practical buyers looking for a solid foundation in a well-established neighborhood. It's ideal for someone comfortable with a property that has maintenance or update potential, viewing the unrenovated basement as a blank canvas rather than a drawback. A less obvious perspective is its appeal to multi-generational families or those needing dedicated work-from-home spaces; the ample room allows for flexible layout adjustments that are harder to find in newer, more compartmentalized homes. The lot size, while average for the area, is manageable, suggesting a focus on the home itself rather than extensive outdoor upkeep.

Frequently Asked Questions

1. Why is the assessed value relatively low compared to the living area?
The assessed value often reflects the property's condition, age, and market factors rather than square footage alone. The notation that the basement is not renovated likely influences this, indicating the home may require modernization.

2. How does the property's space compare to a typical Winnipeg home?
Its living area of 1,976 sqft ranks in the top 11% citywide, meaning it is substantially larger than the Winnipeg average home (approximately 1,342 sqft).

3. What does the sold price history from 2019 indicate?
The sold price range from October 2019 (24.50k - 27.50k) is a historical data point. It primarily shows the property's price point from that previous market cycle and should be considered alongside current market conditions and assessments.

4. Is the lot size a disadvantage?
The lot is average for Kern Park and its immediate street. It provides standard outdoor space for the neighborhood but is below the citywide average, which may be a consideration if extensive landscaping or expansion is a priority.

5. What is the significance of the "Top %" rankings provided?
These rankings contextualize each feature (like living area or year built) against specific groups: homes on the same street, in Kern Park, and across all of Winnipeg. They help show where this property excels or is typical compared to relevant peers, with a high rank in living area being its most standout feature.