Property score
55.0
Fair
Overall 55.0 · Newer than most nearby homes
966 sqft (bottom 45%) · Built in 1962 (15 yrs newer than avg)
Located in a above-average income area with median household income of ~87k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 4 parks, and 1 place of worship nearby
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
15 yrs newer than neighborhood avg.
Mother tongue
English · 80%French · 5%
Past 10 years Kern Park sales snapshot (~80% of all data)
243
294.5k
$314/sqft
1947
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55.0 is composed by the two sections below.
Property Score
Community Score
Kern Park
How to read: Share of sales in each ~$50k price band for “kern park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110853
$87K
Median household income
$100K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
25%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
507 Victoria Avenue E — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 299 m), 4 parks (nearest 237 m).
Kern Park · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Violent
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Top 37% | Bottom 31% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 39% | Bottom 49% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 507 Victoria Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kern Park is a practical and updated property built in 1962. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 966 sqft main floor. The home sits on a modest, manageable lot of 3,303 sqft and includes a detached garage.
The appeal lies in its move-in readiness with the basement update, offering a low-maintenance footprint ideal for downsizers, first-time buyers, or investors. The assessed value is notably strong for the Kern Park area, ranking well above the neighbourhood average, which suggests the property is in good condition relative to its peers. It suits buyers looking for a straightforward, single-level layout in an established neighbourhood without the upkeep of a larger yard or an older, unrenovated home. A thoughtful perspective: while the living area is smaller than many city homes, its efficient layout and renovated basement could provide ample space for the right buyer, representing a value-conscious entry into the market with renovation work already addressed.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 15% within Kern Park, meaning it is assessed higher than 85% of comparable neighbourhood properties. This typically indicates above-average condition, updates, or desirability for the area.
2. Is the lot size a disadvantage?
The lot is below average in size for both the street and the city. This translates to less outdoor maintenance, which can be a benefit for those seeking a low-maintenance lifestyle, but may not suit buyers wanting extensive yard space.
3. What does the sold price history indicate?
The home sold previously in 2016 and 2019. The price ranges shown have consistently been around or above the average for the immediate area at those times, reflecting steady local demand.
4. Who might this property not suit?
It may not be ideal for buyers needing extensive main-floor living space, as the square footage is below the city average. Families seeking a large backyard or those preferring an attached garage might also look elsewhere.
5. What is the significance of the ‘renovated basement’ note?
This indicates the lower level has been modernized and finished into livable space. It’s a key feature that adds functional square footage and immediate value, as it’s a major project already completed.
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