Property Overview: 227 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home in Winnipeg's Jefferson neighbourhood, built in 1917. With 1,005 sqft of living space and a standard 3,720 sqft lot, its size is typical for the immediate street but modest compared to wider city averages. A key characteristic is its low municipal assessed value, which is significantly below averages for the area and city. The home has a basement, but it is noted as not renovated, and the property has no garage or pool.
Its primary appeal lies in affordability and location within a established community. For a buyer comfortable with a home of vintage character, it represents a lower-cost entry point into the Winnipeg market. The lot size offers standard outdoor space for the street. This property would best suit a pragmatic, budget-conscious first-time buyer, an investor looking for a rental property with a manageable cost basis, or a purchaser who sees potential in a solid, unrenovated canvas and values location over modern finishes. A thoughtful perspective is that its below-average metrics, while often seen as a drawback, precisely define its niche: it is a straightforward, no-frills property where expectations are set by its price point, potentially reducing competition from buyers seeking turn-key or larger homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by factors like home size, age, condition, and recent sales in the area. This home's modest size, age, and unrenovated state contribute to an assessment that is below average for both the neighbourhood and the city.
2. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or functional condition, but not modernized. It likely provides essential utility space and storage, but may not be a finished living area. Buyers should budget for potential updates or inspect its suitability for their needs.
3. How does the lack of a garage affect daily living and value?
For this property and area, it is a common feature. It means relying on street parking and requires planning for vehicle security and winter weather. This trade-off is reflected in the home's affordability and is a standard consideration for many homes of this era in the neighbourhood.
4. The home sold in 2017 and again in 2021. Is that a concern?
Not inherently. The recent sales history shows the property has been transacted on the open market, which helps establish its market value. The sale prices from those years are provided as a reference point for recent market activity.
5. How does this home compare to others on Kilbride Avenue?
The data shows it is quite representative of its immediate street in terms of living and land area, ranking near the middle. Its assessed value and newer construction date, however, are below the street's average, highlighting its position as one of the more modest and older properties on the block.