Property Overview: 232 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Kilbride Avenue in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1949, its key characteristic is its compact and efficient 686 sqft living space, which is notably smaller than area averages. This is balanced by a renovated basement, adding functional space, and a detached garage. The lot size is standard for the immediate street but smaller compared to wider Jefferson and city averages.
The appeal here lies in its value proposition and simplicity. The home's assessed value ranks well above average for Kilbride Avenue itself, suggesting it may be a comparatively strong asset on its specific block. It suits a first-time homebuyer, an investor, or someone looking to downsize into a manageable, no-frills property without a large yard to maintain. Its renovated basement offers flexibility for a home office, rental potential, or extra living area, making the smaller main floor more workable. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a modest, post-war home that offers affordability and entry into the market, with value driven more by its location on a specific street than by its size or features.
Frequently Asked Questions
1. Is the living space too small?
At 686 sqft on the main floor, the living area is compact. However, the presence of a renovated basement significantly expands the usable space, making the overall footprint more practical for a small household or an individual.
2. How does the assessed value compare?
The assessed value is notably strong compared to other homes on Kilbride Avenue (ranking in the top 30%). It is around the average for the broader Jefferson neighbourhood but below the Winnipeg city average, reflecting the home's smaller size and the area's pricing.
3. What is the neighbourhood like?
Jefferson is an established, older neighbourhood. The property's direct context is important: its key metrics (like value and land area) are much more competitive on its own street than in the wider area, suggesting a stable, consistent block of similar homes.
4. Are there any major concerns with a 1949 build?
The year built (1949) is around average for both the street and Jefferson. While this means potential for older-home maintenance (roof, windows, plumbing), it's not an outlier in age for the area. A thorough inspection is always recommended.
5. What are the potential uses for the basement and garage?
The renovated basement is a key asset, ideal for a family room, separate suite, or workspace. The detached garage provides valuable storage or parking, offsetting the smaller interior square footage and adding practical utility.