Property Overview: 290 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 290 Leila Avenue in the Jefferson neighbourhood presents a practical and modern opportunity. Its key characteristic is its age; built in 2003, it is notably newer than most homes on its street and across Winnipeg, ranking in the top 5% locally. This suggests a potentially lower need for major system updates in the near term. The home features a renovated basement and a detached garage, with a living space of 800 sqft situated on a 4,002 sqft lot.
The appeal lies in its balance of modern construction and value. While the living space is compact compared to area averages, the newer build and renovated basement offer move-in readiness. Its assessed value is strong for the Jefferson area, ranking above average, which indicates good municipal valuation relative to neighbours. This property would suit first-time buyers or practical downsizers seeking a low-maintenance, modern home without a premium price tag. It’s also a sensible fit for value-focused investors, given its solid assessment and newer infrastructure that may appeal to renters.
A less obvious perspective is the lot size: while below average, it requires less upkeep—a bonus for those seeking minimal yard work. Additionally, its "above average" assessment in Jefferson but "around average" assessment city-wide hints at a neighbourhood that may offer more value per dollar than some other parts of Winnipeg.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the living area is below the average for similar homes in Jefferson. However, the renovated basement provides additional finished space, and the efficient bi-level layout can be ideal for smaller households or those prioritizing simpler living.
2. What does the "Elite" ranking for year built mean?
This means the home is newer than approximately 95-96% of comparable properties on Leila Avenue and in the Jefferson area. Built in 2003, it benefits from modern construction standards and likely younger major components like roofing, windows, and HVAC.
3. How does the assessed value compare?
The home’s assessed value of $31,100 is above average for Jefferson (top 26%) but around average when compared to the entire city. This suggests the property represents a sound value within its immediate neighbourhood context.
4. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the extent. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or legal suite potential.
5. Can I get the exact historical sold price?
The listed sale range (e.g., $24.5k–$27.5k in 7/2017) is based on public data. The exact sale price can be requested directly from the site via email, which they provide manually without using your email for unsolicited marketing.