Property Summary: 265 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This 2019-built bi-level home in Jefferson offers a compelling mix of modern construction and practical living. Its key appeal lies in its relative newness—it ranks in the top 1% of homes by year built on its street and in the neighbourhood, meaning it likely requires less immediate maintenance than most surrounding properties. With 1,157 sqft of living space, it feels spacious for the area, ranking in the top 11% on Kilbride Avenue. The home has a full, unrenovated basement, providing significant storage or future development potential.
A standout feature is its assessed value of $34,700, which ranks in the elite top 4% on its street. This suggests the property is viewed as a high-value asset in its immediate context, which could be appealing for long-term equity. The trade-off is a smaller land area (3,275 sqft), which is below average for the city and neighbourhood. This positions the home as a low-maintenance property focused on the dwelling itself rather than extensive outdoor space.
This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the premium of a brand-new build. It’s also a sensible choice for value-oriented buyers who prioritize a strong assessed value and newer infrastructure over a large yard. The unrenovated basement offers a blank canvas for those looking to add personal value over time.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value ranks in the top 4% for the street, largely due to the home's very recent construction (2019). Newer builds typically have higher assessments due to modern materials, systems, and building codes, reflecting lower anticipated maintenance costs and current construction values.
2. What does "basement, not renovated" imply?
It means the lower level is unfinished or in its original builder state. This is a positive for buyers wanting storage or planning a future rec room or suite to their own specifications, but it requires a budget and effort to finish compared to a move-in-ready space.
3. The home sold in 2020. What does that recent sale history indicate?
The sale between $29.5k and $32.5k in early 2020 provides a concrete market benchmark from just over five years ago. Tracking how the current asking price relates to that last sale price, considering market changes and any improvements, is a key starting point for valuation.
4. How significant is the smaller lot size?
The land area is below average for both Jefferson and Winnipeg. This means less yard maintenance and outdoor space, which suits a low-maintenance lifestyle. However, it may limit options for large additions, decks, or gardening compared to neighbouring properties.
5. The home ranks "around average" city-wide for size and value. What does that mean?
While the home feels spacious and valuable in its immediate neighbourhood, it aligns with the median Winnipeg home when compared to the entire city. This indicates it’s a competitively sized, mid-range property in the broader market, not an outlier, which can be a stable position.