Property Overview: 245 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1921, situated on a modest lot in the Jefferson neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. With a living area of 632 sq ft and an assessed value significantly below city averages, it represents a low-barrier opportunity for homeownership.
The home suits first-time buyers, investors, or downsizers with a clear vision for renovation. Its smaller scale makes updates more manageable from a cost and scope perspective compared to larger properties. A thoughtful perspective is that this home’s below-average metrics across the board are precisely what create its opportunity; it’s a blank canvas in an established neighbourhood, free from the premium paid for turn-key condition or size. The detached garage adds practical value. It’s a property for those who see potential where others might only see the need for work.
Frequently Asked Questions
1. What is the exact recent sold price history?
The public data shows estimated sale price ranges from late 2017. For precise historical sale figures, you can request the exact information via email from the listing source.
2. What does "basement, not renovated" imply?
This indicates the home has a basement, but it is in original or unfinished condition. Buyers should budget for potential updates and include a thorough inspection to assess its condition and any necessary repairs.
3. The home is smaller than most in the area. Is that a concern?
While the living space is below average for the street, neighbourhood, and city, this is reflected in its value. It’s a practical choice for those with simpler space needs and can be an efficient, cost-effective property to maintain and heat.
4. How does the assessed value relate to the likely market price?
The assessed value for municipal taxes is often different from market value. Here, it is notably low compared to city averages, which can suggest a lower tax burden. However, market price is determined by current buyer demand and the property’s condition.
5. What are the advantages of a 1921 build?
Homes from this era often possess character and solid construction. However, a pre-purchase inspection is crucial to understand the condition of aging components like wiring, plumbing, and the foundation, and to plan for any necessary modernization.