Property Overview
This one-storey home at 322 Kilbride Avenue is a compact, no-frills property built in 1946. Its key feature is a renovated basement, adding valuable functional space to the 572 sqft main floor. The home sits on a standard city lot with a detached garage. The data shows it is notably smaller and has a lower assessed value than most homes on its street, in the Jefferson area, and across Winnipeg. This positions it as one of the most accessible entry points into homeownership in the city.
Its primary appeal lies in its affordability and simplicity. It suits first-time buyers or investors seeking a straightforward, low-maintenance footprint with the upside of a modernized basement. A thoughtful perspective is that its smaller size and below-average taxes could offer financial breathing room, while the renovated basement provides flexibility for a home office, rental income, or family space that the main floor lacks. It’s a practical choice for those who prioritize location and utility over square footage.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 572 sqft of living area above ground, it is significantly smaller than average for the street, neighbourhood, and city. The renovated basement effectively doubles the usable space.
2. What does the "below average" assessed value mean?
The home’s official assessed value is lower than approximately 93-98% of comparable properties in its vicinity. This typically correlates with lower property taxes, but the sale price is determined by the market, not the assessment.
3. What type of buyer is this best suited for?
It is ideally suited for a first-time homebuyer on a tight budget, a pragmatic downsizer, or an investor looking for a manageable rental property with a recent update (the basement).
4. Is the lot size a concern?
The lot is a standard city size for its age and area. It is not unusually small for the immediate street but is below the current neighbourhood and city averages, which include many newer suburban developments with larger lots.
5. Are homes from 1946 a problem?
Not inherently. Many homes of this era are solidly built. However, its age means crucial systems like wiring, plumbing, and the roof should be carefully inspected, as updates over the years can vary in quality.