Property Overview: 266 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1917. With 830 square feet of living space and a renovated basement, it offers a practical layout on a standard city lot. Its key appeal lies in its position as an affordable, no-frills entry point into the housing market. The home is notably unexceptional in its immediate area—ranking near the middle of the pack on Kilbride Avenue for size, value, and lot size—which speaks to its fit within a stable, established streetscape. For the right buyer, this ordinariness is the advantage: it represents a chance to own a functional property without the premium often attached to more updated or larger homes in the city.
This property would best suit first-time buyers, downsizers, or practical investors seeking a straightforward asset. Its below-average citywide metrics for size and assessed value highlight its role as a modest, budget-conscious option. A thoughtful perspective is that a home ranking average on its own street but below average in the wider city can offer a sense of community consistency while keeping property taxes relatively manageable. The renovated basement adds flexible liveable space, a significant asset in a smaller footprint home.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
The available public data indicates a sale in August 2016 for a range between $18.5k and $21.5k. For the precise sale price, you can request the exact history via email from the listing source.
2. How does this home compare to others on the street?
It is very typical for Kilbride Avenue. It ranks around the middle (between 53% and 56%) for living area, assessed value, and land size compared to its 212 direct neighbours, meaning it is a representative example of homes on this block.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This would be a key point to clarify with the seller or a viewing to understand the quality and potential uses of the additional space.
4. Is the assessed value a reliable indicator of the market price?
The assessed value for municipal taxes is $23.1k, which is near the average for the street. It is a baseline for understanding tax obligations, but market price is determined by current sale conditions and the property's specific state.
5. Given its age, what should I be concerned about?
Built in 1917, the home is older than most in Jefferson and Winnipeg. While the basement has been renovated, potential buyers should pay special attention to the condition of foundational elements, the roof, wiring, and plumbing, which may be original or have undergone various updates over the decades.