Property Overview

This one-storey home at 325 Regent Avenue E in Winnipeg's Kern Park neighbourhood presents a specific and practical opportunity. Built in 1950, its key appeal lies in the balance between a modest, unrenovated house and a notably generous lot. With 760 sqft of living space, the home itself is compact and sits below the average size for the area, suggesting a project or a simple living scenario. However, its 5,400 sqft land area is well above average for both the street and Kern Park, offering significant outdoor space and potential. The property includes a detached garage and an unfinished basement.

Its primary appeal is for the value-conscious buyer or investor who prioritizes land over a move-in-ready home. It would suit a handy first-time buyer comfortable with gradual updates, an investor looking for a property with a large lot in a stable neighbourhood, or someone seeking an affordable entry into the market with room to grow outdoors. The assessed value is consistent with area averages, indicating a fair market positioning without premium pricing for the structure itself.

Frequently Asked Questions

1. Is this a "tear-down" or a renovation project?
While the home is modest and unrenovated, its assessed value is in line with the area, and it sold as recently as 2019. This suggests it is likely a functional, livable home that would benefit from modernization, rather than a candidate for immediate demolition, making it a viable renovation project.

2. What are the real advantages of such a large lot?
Beyond simple yard space, a lot of this size (5,400 sqft) in an established neighbourhood offers long-term flexibility. It provides ample room for gardening, recreational space, potential future additions like a shed or workshop, and is a valuable asset that typically appreciates independently of the house.

3. How does the smaller living area impact daily life and value?
The 760 sqft layout requires efficient use of space and may not suit those needing multiple dedicated rooms. However, it translates to lower utility costs, less maintenance, and a forced simplicity that many find appealing. The value here is weighted more toward the land than the square footage of the home.

4. The last sold price range (2019) seems low. What does that indicate?
The sold price from 2019 reflects the market conditions at that time and the property's condition. It primarily serves as a historical data point. The current assessed value and market positioning are more relevant for understanding its present worth, which appears to have increased since that last sale.

5. What is the neighbourhood (Kern Park) like?
The data shows Kern Park is a neighbourhood of mostly older, mid-century homes with a mix of sizes. The fact that this home's metrics (year built, assessed value) are generally around average for the area indicates it's a typical, stable residential community without extreme highs or lows in property characteristics.