Property Overview: 381 Kingsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a classic character home opportunity in the Jefferson neighbourhood. Its key appeal lies in its generous, above-average lot size (4,829 sqft) for the immediate area, offering more outdoor space than many neighbouring properties. The living space (1,050 sqft) and assessed value are both solidly average for Jefferson, suggesting a manageable scale and tax base within the community.
The home suits buyers looking for a project with inherent value in the land itself. Its unrenovated basement and vintage year of build indicate a property ready for personalization, ideal for a handy buyer or an investor comfortable with gradual updates. A thoughtful perspective is that its older construction date, while requiring attention, often comes with sturdy materials and a lived-in charm that newer builds can lack. The detached garage adds practical utility. This property is less suited for someone seeking a turn-key, modern home, and more for a buyer who sees potential in a well-located lot and a structure with good bones.
Section 2: Frequently Asked Questions
1. What does the "below average" year built ranking mean practically?
It confirms this is one of the older homes in the area. Buyers should budget for and prioritize a thorough inspection, focusing on foundational integrity, wiring, and plumbing, which are typical considerations for a home of this age.
2. The assessed value seems low. Does that reflect the sale price?
Assessed value is for municipal tax purposes and is often lower than market value. The provided sales history shows it last sold in the $20.5k-$23.5k range in 2016, but current market conditions would determine today's price. The assessment suggests property taxes may be relatively manageable.
3. How does the lot size compare meaningfully?
At nearly 4,830 sqft, the lot is significantly larger than the street average (~3,621 sqft). This is a standout feature, providing extra space for gardening, play, additions, or future outdoor living features that smaller lots cannot accommodate.
4. What is the neighbourhood context of Jefferson?
The data shows the home's metrics (size, value) are consistently "around average" within Jefferson itself. This indicates the property is a typical representation of the neighbourhood, not an outlier, which can be positive for stability and comparability.
5. What are the immediate next steps for a serious buyer?
Given the unrenovated state and age, the essential steps are: obtaining the exact sale price history, conducting a comprehensive professional home inspection, and researching any potential heritage or zoning considerations related to a 1907-built home to understand the full scope of possible renovations.