Property Overview: 335 Kingsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Jefferson is a practical and efficiently sized property built in 1973. With 1,104 sqft of living space, it offers above-average roominess for its immediate street and neighbourhood. A key feature is its renovated basement, adding valuable finished space. The home sits on a notably compact 1,668 sqft lot, which means minimal exterior maintenance but little private yard space.
Its primary appeal lies in being a solid, move-in-ready home within its price segment, underscored by consistent value appreciation in recent sales. It suits first-time buyers seeking an affordable entry into the market without a major renovation project, or investors looking for a manageable rental property. The compact lot could be a hidden perk for those who prefer spending less time on lawn care and more time enjoying the neighbourhood. While its assessed value is below area averages, this indicates a potentially lower property tax burden relative to nearby homes.
Section 2: Frequently Asked Questions
1. How does the compact lot size affect daily living?
While the yard is small, it translates to very low maintenance. It's best suited for buyers who aren't seeking extensive gardening or private outdoor recreation space. The trade-off is often a more efficient use of the home's interior footprint.
2. The home sold multiple times recently. Is that a concern?
The sales in 2019, 2022, and a current listing show active turnover, but the sold price increased each time. This pattern can indicate a property that has been appealing to first-time owners or investors who move on after building equity, rather than suggesting an underlying issue.
3. What does the "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify finishes or layout. Buyers should inquire about the renovation's scope, permits, and whether it includes a separate entrance, as this significantly impacts value and utility.
4. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (25.4k) is for municipal tax purposes. The historical sold price ranges (e.g., 21.5k–24.5k in 2022) are more relevant for market value. The gap suggests the property may offer a favourable tax assessment relative to its market price.
5. How does this home compare to others on the street?
It's newer than most on Kingsbury Avenue (top 28%) and has more living area than average for the street (top 30%). However, its lot size is among the very smallest (top 99%, meaning 98% of homes on the street have larger lots). This highlights its position as a modern, interior-focused home on a street with older, often larger-lot properties.