Property Overview
281 Kilbride Avenue is a one-storey home with a detached garage and an unfinished basement, built in 1922. With 768 sqft of living space on a 3,275 sqft lot in Winnipeg's Jefferson neighbourhood, it presents a specific and practical opportunity.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as an affordable, no-frills entry point into the market. Its assessed value is modest, ranking below average for both the neighbourhood and the city, which typically translates to a lower purchase price and property taxes. The living space is compact and efficient, suitable for a single person, a couple, or an investor. The detached garage adds valuable storage or workshop space.
The home suits practical buyers who prioritize function and affordability over modern finishes or size. It’s a candidate for a live-in renovation project, allowing an owner to add value over time. Alternatively, it could serve as a straightforward rental property. A less obvious perspective is its potential for downsizers seeking minimal upkeep or for buyers who view the unfinished basement not as a drawback, but as a blank slate for future expansion, insulated from the immediate cost and hassle of a prior owner’s renovation choices.
Frequently Asked Questions
1. What is the exact recent sold price?
The provided data shows a sold price range between $21.5k and $24.5k in October 2017. For the precise figure, you can request the exact sold price history via email from the listing source.
2. How does this home compare to others in the area?
The data indicates this property is generally below average in size and value for the broader Jefferson area and city-wide. However, on its own street (Kilbride Avenue), it is much more typical, ranking around average for living area, assessed value, and year built.
3. What does "Top X%" in the metrics mean?
This ranking shows how the property compares to similar homes in a given area. For example, "Top 64%" for living area on its street means its square footage is greater than 64% of comparable homes on Kilbride Avenue. A higher percentage generally indicates a stronger standing for that particular metric.
4. What are the implications of an unfinished basement?
The unfinished basement offers utility space and storage but is not a renovated living area. This means lower initial costs and the freedom to finish it to your own specifications later, but also an immediate project if additional living space is needed.
5. Is the older age of the home (1922) a concern?
A home from 1922 requires a diligent inspection to assess the condition of its core systems, like wiring, plumbing, and the foundation. While it may need updates, its age is typical for the immediate street, which averages homes built around 1939.