Property score
40.9
Below average
Overall 40.9 · Smaller and older than most nearby homes
606 sqft (bottom 2%) · Built in 1909 (38 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, 5 parks, and 1 place of worship nearby
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Below average
38 yrs older 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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40.9 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
518 Ravelston Avenue E — 7 amenities found within 500 m, across 3 categories, including 1 education (nearest 163 m), 5 parks (nearest 332 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 | Bottom 4% | Bottom 2% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, one-storey home built in 1909, located on a standard city lot in Kern Park. Its key defining features are its modest 606 sqft living area and a notably low municipal assessed value of $19,300. The home has a detached garage and an unrenovated basement. Recent sale data indicates it last sold in late 2023 for a price well below typical city averages.
Key Characteristics & Appeal
The primary appeal of this property is its position as an entry point into the Winnipeg housing market. Its extremely low assessed value and recent sale price suggest it is one of the most affordable detached homes available. This isn't a move-in-ready property; its living space is significantly smaller than area averages and it requires updates. Its appeal lies almost entirely in its land value and potential, rather than its current condition.
It would suit a very specific type of buyer: an investor looking for a hold-and-rent property with minimal upfront capital, or a hands-on buyer with renovation skills seeking a footprint to rebuild or extensively remodel. It is not well-suited for those needing immediate, modern living space or who are not prepared for a project. A less obvious perspective is that such a low-value asset in a stable neighborhood can sometimes represent a calculated, low-risk entry for building equity through sweat equity, far from the competitive frenzy of turn-key homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's very small size (606 sqft), its age, and likely its current condition. It is valued significantly below peers on its own street, in Kern Park, and citywide.
2. What does "below average — Top 99%" mean for the living area?
This statistical ranking means the home's living area is smaller than approximately 99% of comparable properties citywide. Specifically, it ranks 192,671st out of 194,458 homes, with the average being 1,342 sqft.
3. Is this a teardown or a renovation project?
Given the home's age, small size, and unrenovated state, it is likely a candidate for either a significant gut renovation or a complete rebuild. The value is primarily in the land.
4. When was it last sold, and for how much?
The home was sold in September 2023. The exact price is not publicly listed, but data indicates it sold in a range around $12,500 to $15,500.
5. How can I find out the exact historical sale price?
The exact sold price is available by request. You can provide your email via the "Get exact sold price history" button on the listing page, and the accurate figure will be sent to you manually.
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