Property score
39.1
Below average
Overall 39.1 · Smaller and older than most nearby homes
525 sqft (bottom 1%) · Built in 1920 (27 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
50% smaller than neighborhood avg.
Year Built
Below average
27 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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39.1 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
537 Regent Avenue E — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 326 m), 1 parks (nearest 119 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 7% | Bottom 6% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 537 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kern Park neighbourhood, built in 1920. Its key characteristic is its modest scale, with a living area of 525 sqft that places it among the smallest homes in the city. The lot size of 3,303 sqft is more typical for the local area. A notable feature is a renovated basement, adding functional space. The home has a very low municipal assessed value, consistent with its size and age.
Its primary appeal lies in its position as an entry-point property. It represents one of the most accessible homeownership opportunities in the city, suited for a first-time buyer, an investor looking for a straightforward rental property, or someone seeking minimal upkeep and expenses. A thoughtful perspective is that its small footprint and low taxes could align well with a minimalist or efficiency-focused lifestyle, turning a practical limitation into a purposeful choice. The renovated basement also offers potential for a home office or supplemental rental income to offset costs. Buyers should be prepared for a project, as a home of this age will likely require ongoing updates and maintenance.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the home's very small size (525 sqft) and age (1920), not on direct sales comparisons for the entire city. It reflects the property's characteristics relative to similar properties.
2. What does the ranking data (e.g., "Top 93%") mean for the assessed value?
A "Top 93%" rank for assessed value means this property's value is estimated to be higher than only 93% of comparable properties in the area. In simpler terms, its value is in the bottom 7% for the neighbourhood, highlighting its status as a lower-value entry in the market.
3. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. A buyer must verify with the city if it meets all code requirements for a legal rental suite, which impacts rental potential and insurance.
4. What are the implications of buying one of the smallest homes on the street?
While it ensures a lower price point, it may affect future resale value, as buyer demand is often stronger for larger homes. However, it also means property taxes and utility costs will generally be lower than for neighbouring properties.
5. The home last sold in 2019 for a relatively low price. What should I consider?
The 2019 sale price aligns with the low assessed value. It underscores the property's role as a long-term entry-level home or investment property. A key consideration is how much market values in Kern Park have shifted since 2019 and what renovations, if any, have been completed since that sale.
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