Property Overview: 294 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Leila Avenue in the Jefferson neighbourhood presents a practical and straightforward living opportunity. Its key characteristics include 1,004 sqft of living space, a renovated basement, a detached garage, and a 4,479 sqft lot. Built in 1959, the home sits at an assessed value of $300k.
The primary appeal lies in its position as a solid, middle-of-the-road property within its immediate area. The data shows it is consistently around or just below average for its street and neighbourhood in terms of size, value, and lot dimensions, suggesting it’s a typical, no-surprises home for Jefferson. A renovated basement adds modern livable space and is a significant functional upgrade. The detached garage offers valuable storage or workshop potential.
This property would best suit first-time buyers or practical downsizers looking for an entry point into the Winnipeg market without extreme premiums or major fixer-upper projects. It’s for those who value function over flash, appreciate having the renovation work on the basement already completed, and are comfortable with a home that is statistically unexceptional but offers dependable neighbourhood averages.
A less obvious perspective is that its "average" metrics within Jefferson could be a stability advantage, insulating it from being overpriced for the area or standing out for the wrong reasons. Additionally, while the lot size is below average for the street, it may translate to less maintenance—an appealing point for buyers seeking a manageable yard.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s $300k assessment is around average for Leila Avenue and the broader Jefferson neighbourhood, but below the city-wide average. This indicates it is priced appropriately for its specific location.
2. What is the significance of the renovated basement?
A renovated basement immediately adds functional living space without the need for future investment or construction. It’s a key feature that differentiates this home from others of the same vintage that may have unfinished lower levels.
3. Is the lot size a drawback?
At 4,479 sqft, the lot is below the average for Leila Avenue but is typical for Jefferson and city-wide. It provides a decent outdoor space while potentially requiring less upkeep than larger lots.
4. What does the year built (1959) mean for a buyer?
Built in 1959, the home is older than most in Jefferson but around the city’s average age. Buyers should anticipate maintenance consistent with a 65-year-old home, though some updates, like the basement, have been made.
5. Who might this property not suit?
It may not suit buyers seeking a large, modern footprint or a premium, above-average lot. Those looking for a home that significantly outperforms neighbourhood metrics in size or value, or who prefer a newer build, might want to look elsewhere.