Property Overview: 302 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, presenting a straightforward and affordable entry point into Winnipeg’s Jefferson neighborhood. With 665 sqft of living space and an unrenovated basement, it is notably smaller than most area homes, placing it in the lower tier for size both locally and citywide. Its assessed value is correspondingly low, ranking well below area averages. The lot size of 3,283 sqft is fairly typical for its immediate street but is below the norm for the wider neighborhood.
The primary appeal lies in its affordability and lot potential. It suits a very specific buyer: someone seeking a minimal footprint to own rather than rent, a hands-on investor looking for a rental property with a low entry cost, or a purchaser with renovation plans who values the land and location over the existing structure. A less obvious perspective is that its below-average metrics across the board could mean lower property taxes relative to neighboring homes, and its classic 1917 build may appeal to those interested in the character and history of early 20th-century Winnipeg housing, even if updates are needed.
Frequently Asked Questions
1. What is the actual selling price?
The most recent recorded sale (December 2024) shows a price range of $17.5k to $20.5k. For the exact sale price, you can request the information via email from the listing source.
2. What does "below average" ranking mean for living space?
It means this home's living area (665 sqft) is smaller than the majority of homes used for comparison. On its own street, it ranks 174th out of 212 homes for size, with the average in that group being about 895 sqft.
3. Is the basement finished?
No, the basement is noted as "not renovated," indicating it is in an unfinished or utility state.
4. What does the assessed value tell me?
The assessed value of $18.5k is a municipal valuation for tax purposes and is significantly below area averages. It generally reflects the home's modest size, condition, and age relative to other properties, not necessarily its market sale price.
5. How does the lot size compare?
At 3,283 sqft, the lot is around average for Kilbride Avenue but is below the average lot size for the broader Jefferson neighborhood and the city as a whole. This suggests the street is characterized by smaller, more compact lots.