Property Overview

This 810 sqft, one-storey home in Kern Park is a compact, century-old property built in 1918. It sits on a 3,300 sqft lot and features a detached garage and an unrenovated basement. The home’s assessed value is notably low compared to local and city-wide averages. Its most recent recorded sale was in August 2022.

Key Characteristics & Appeal

This property’s primary appeal lies in its affordability and potential as a straightforward entry point into the Winnipeg market. With a living area significantly smaller than area averages, it suits buyers looking for minimal upkeep or a efficient, no-frills living space. The detached garage adds practical value for storage or a workshop. Its low assessed value suggests it could be a candidate for someone interested in a long-term hold, perhaps as a rental investment, or for a buyer comfortable with a home that may require updates over time. It’s less suited for those needing ample indoor space or a move-in-ready, modern property. A thoughtful perspective is that its smaller scale and vintage could appeal to those seeking a simpler, lower-cost lifestyle without the burden of a large mortgage or excessive property maintenance.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on factors like the home's smaller size, age, and condition (including an unrenovated basement), making it valued lower than larger, more updated properties in the broader area.

2. What does "Top 82%" for Living Area mean?
It means this home's living area is larger than 82% of similar properties on its street, but it's still below the street's average size. This indicates it's a comparatively smaller home on a street of mostly larger properties.

3. Is the basement finished or usable?
The listing specifies the basement is "not renovated," which typically means it is unfinished and in a basic, utilitarian state, suitable for storage or mechanical systems but not as living space.

4. How recent is the sale price information?
The last recorded sale was in August 2022. The price range shown is an estimate based on public data; the exact sale price can be requested directly from the site.

5. What is the typical buyer for a home like this?
It would likely suit first-time homebuyers prioritizing budget, investors looking for a rental property, or downsizers seeking a manageable, low-maintenance home with a bit of outdoor space and a garage.