Property Overview
346 Kilbride Avenue is a one-storey character home in Winnipeg's Jefferson neighbourhood, built in 1912. Its key appeal lies in being a well-positioned, manageable property that offers a balance of historic charm and modern practicality within a specific market segment.
Key Characteristics & Ideal Buyer
This home presents as a solid, no-frills opportunity. At 902 sqft with a renovated basement, it offers functional living space that is typical for its immediate street but notably cozier than the Winnipeg average. The detached garage and a 3,282 sqft lot provide essential outdoor and storage space. Its assessed value of $240k positions it as a more accessible entry point into the market, especially within its own area where it ranks below average in value—suggesting potential for those comfortable with a home that is older and more modest in scale than newer subdivisions.
The home’s strongest suit is its relative standing on its own street. While it is an older home on a smaller city lot, it is actually quite average compared to its Kilbride Avenue neighbours in terms of living area, value, and land size. This indicates a stable, established streetscape of similar properties. Its recent sale history shows a significant appreciation from the ~$20k range in 2016, highlighting the area's growth.
This property would best suit a first-time buyer, a downsizer, or a pragmatic investor looking for a character home without a massive footprint or price tag. It’s for someone who values a sense of community on a street of similar homes, prefers a manageable yard and living space, and sees potential in a renovated basement for extra flexibility. It is less suited for those seeking a large, modern, or sprawling property.
Frequently Asked Questions
1. Is this a small house?
Compared to the Winnipeg city average, yes. At 902 sqft, it's about 440 sqft smaller than the typical city home. However, it is very much in line with the average size of other homes on Kilbride Avenue itself.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be a key point of inquiry to understand if it’s a finished living space, a modernized utility area, or something in between.
3. The home is over 110 years old. What should I be concerned about?
While the renovated basement is a positive, the age necessitates thorough inspections for foundational integrity, wiring, plumbing, and insulation. Its older character is part of the appeal but requires a buyer comfortable with potential maintenance.
4. How does the assessed value relate to the likely selling price?
The assessed value for taxes ($240k) is a municipal estimate and often differs from market value. Recent sale prices on the street and in Jefferson will be a more direct guide, but the assessment suggests it's in a lower price tier for the city.
5. The lot seems smaller than average. Are there expansion options?
At 3,282 sqft, the lot is below the city and even the Jefferson area average. Any future expansion like an addition would need to carefully consider setback requirements and lot coverage bylaws, and may be limited.