357 Kilbride Avenue

Property Summary: 357 Kilbride Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1945, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its exceptionally modest scale and valuation. With only 540 sqft of living space, it is notably smaller than most homes on its street, in Jefferson, and across Winnipeg. Similarly, its assessed value is significantly below area averages. This creates a specific appeal: it represents one of the most accessible entry points into homeownership in the city. The detached garage adds practical utility.

The property would suit a very specific buyer. It’s ideal for a minimalist, an investor looking for a straightforward rental property, or a first-time buyer whose primary goal is securing a land title and a roof over their head with minimal debt. Its condition is not detailed here, so it may also appeal to a hands-on buyer viewing it as a blank-slate project. A less obvious perspective is its potential as a strategic holding property; its low tax burden and basic functionality could make it a pragmatic, low-overhead asset for certain long-term plans.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's very small size (540 sqft), its age, and its location. It is consistently ranked in the bottom tiers for both value and living area compared to peers, indicating it is a fundamentally modest home in the market.

2. What does the sold price history indicate?
The home sold in July 2024 for an estimated $14.5k-$17.5k, and previously in April 2017 for $12.5k-$15.5k. This shows a stable, very low price point over several years, with a slight increase in the most recent sale.

3. Who would this property not be suitable for?
It would not suit buyers needing space for a growing family, those looking for a move-in-ready home without renovation work, or anyone prioritizing resale value growth in the short term. Its niche appeal means it could take longer to sell when the time comes.

4. Is the land size a redevelopment opportunity?
The lot is approximately 3,276 sqft, which is around average for the street but below average for the wider area. While subdividing may be challenging due to the lot's already modest dimensions, the land itself represents a significant portion of the property's overall value.

5. How reliable are the size and value comparisons provided?
The rankings are based on concrete public data for direct comparisons. The fact that this home ranks in the bottom 3-4% for living area and value within its own neighbourhood (Jefferson) is a strong, objective indicator of its position as one of the area's most compact and affordable properties.