Property Overview: 314 Yale Avenue E, Winnipeg

Key Characteristics & Buyer Appeal

This one-and-a-half storey home in Kern Park presents a practical opportunity with a renovated basement and a detached garage. Built in 1950, it offers 1,368 sqft of living space on a 4,950 sqft lot, placing it in the middle range for size both on its street and citywide. Its appeal lies in its solid, no-frills foundation in an established neighbourhood. The renovated basement adds modern, functional space without the premium of a fully updated home.

The property’s metrics suggest it’s a value-conscious option. Its assessed value is notably below the citywide average, which could indicate room for equity growth or simply reflect its vintage and modest presentation. The lot size is above average for Kern Park, offering good outdoor space relative to the area.

This home would suit first-time buyers seeking an entry point into the market with some immediate livability, or investors looking for a stable rental property with a manageable tax assessment. It’s less suited for those seeking a turnkey, modern home or the largest lot on the block, but ideal for someone comfortable with a property that offers potential rather than perfection.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics would require a viewing, a renovated basement in a home of this era generally means it has been finished into a livable space, potentially with a recreation room, bedroom, or additional bathroom. It’s wise to inquire about the permit history and the quality of the finishing work.

2. How does the below-average assessed value affect property taxes?
A lower assessed value generally translates to lower municipal property taxes, which is a positive for ongoing ownership costs. However, it’s important to understand that assessed value is for taxation purposes and isn't a direct appraiser of market value.

3. Is the detached garage a standard size, and what condition is it in?
Given the home's age, the detached garage is likely a single-car structure. Its condition—whether original or updated—would be a key point for inspection, as it impacts utility and potential maintenance costs.

4. What are the implications of the home's "around average" size rankings?
This positioning means the home is neither unusually small nor large for its context. It offers adequate space for a small family or couple without the higher heating and maintenance costs that can come with a significantly larger property in an older neighbourhood.

5. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices in Manitoba are not publicly available data. The ranges provided are estimates based on publicly available information. The exact price can be requested directly from the listing service, which involves a manual process to comply with data regulations.