Property Overview: 396 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Kilbride Avenue in the Jefferson neighbourhood presents a straightforward, no-frills opportunity. Built in 1917, it’s a character property with a modest 786 sqft of living space and a renovated basement, sitting on a roughly 4,000 sqft lot with a detached garage. The data suggests it’s a home that fits comfortably within its immediate street context but sits below the wider area and city averages for size, value, and lot dimensions.
Its primary appeal lies in its affordability and practicality. With an assessed value notably below area and city averages, it represents a lower barrier to entry into the Winnipeg market. The renovated basement adds functional living space, and the lot size is generous for the street. This property would suit first-time buyers, practical downsizers, or investors looking for a value-oriented rental property. It’s for someone who prioritizes location and lot potential over turn-key modern finishes or ample square footage. A thoughtful perspective is that its "below average" metrics for the broader area are precisely what create its accessibility, offering a chance to get into a neighbourhood without a premium price tag.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is around average for Kilbride Avenue itself but is below the average for the larger Jefferson neighbourhood and significantly below the Winnipeg city-wide average, indicating a competitively priced entry point in this location.
2. What should I consider about the age of the home?
Built in 1917, it is older than most homes on its street and in the city. While this adds character, a thorough inspection is essential to understand the condition of original elements like wiring, plumbing, and the foundation, balanced against the updates like the basement renovation.
3. Is the lot size a pro or a con?
At just under 4,000 sqft, the lot is slightly larger than average for Kilbride Avenue, offering good outdoor space for the setting. However, it is smaller than typical lots in Jefferson and across Winnipeg, which may limit expansion possibilities compared to other properties.
4. What does the sales history tell me?
It last sold in October 2021 for an estimated range of $215k-$245k. This recent transaction provides a concrete, modern benchmark for its market value, far more relevant than the older assessed value figure for understanding its price trajectory.
5. Who are the most likely neighbours or competing buyers?
Given its profile, likely interest will come from first-time homebuyers seeking affordability, practical investors, or downsizers. It’s less likely to attract buyers looking for a large, modern family home, which may mean a more focused pool of competition.