Property Overview
This 1917 one-storey home on Kilbride Avenue presents a straightforward, no-frills entry point into Winnipeg’s Jefferson neighbourhood. At 628 square feet with an unfinished basement and no garage, it is a compact property. The data shows it ranks below average in size, assessed value, and land area compared to most homes on its street, in Jefferson, and across the city. Its key appeal lies in its minimal footprint and ultra-affordable price point, historically selling in a very low range. This isn't a move-in-ready home for most, but a foundational property. It would suit a highly budget-conscious buyer looking for a literal foothold in the market, an investor seeking a low-cost rental asset, or a hands-on individual viewing it primarily as a land value play with a small, old structure already in place. Its age (over 100 years) suggests potential for character, but also implies that systems, structure, and maintenance should be primary considerations.
Frequently Asked Questions
1. What does "below average" in all the rankings really mean for a buyer?
It confirms this is one of the most modest properties in the area by standard metrics. The upside is a correspondingly low price and tax assessment. The trade-off is less space and older infrastructure, placing the value on the lot location and the opportunity for customization or gradual improvement.
2. The home last sold in 2016 for a very low price. Does that indicate a problem?
Not necessarily. It strongly indicates the property has been a long-term, low-cost housing solution or investment. However, given its age and the nearly decade span since that sale, a thorough inspection is essential to understand its current condition and any deferred maintenance.
3. Who is this type of property not for?
It is not suited for buyers seeking a turn-key home, modern amenities, space for a growing family, or off-street parking. Its scale and condition are geared toward those comfortable with a project or who prioritize low carrying costs above all else.
4. The assessed value is remarkably low compared to the citywide average. Is that a positive?
Yes, for ongoing property taxes, a low assessment is a benefit. However, it also reflects the municipality's valuation of the property as a very modest improvement on the land. The true market value is determined by recent sales of similar homes, not the assessment.
5. What's a less obvious angle to consider with this home?
Consider its role in the neighbourhood's ecosystem. As one of the smallest and oldest homes on the block, it represents the original housing stock and contributes to the area's economic diversity. For a buyer, this can mean a lower barrier to entry without being in an entirely different market segment from neighbouring homes.