Property Overview: 436 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a generous 4,672 sqft lot in Jefferson presents a practical and solid opportunity. Its key appeal lies in its relative modernity for the area—built in 1954, it is newer than many neighbouring homes—and its above-average living space (1,060 sqft) for Kilbride Avenue. The home features a renovated basement and a detached garage. The data suggests a property that stands out positively within its immediate street and neighbourhood context, particularly in size and era, while being assessed at a value that is more accessible city-wide.
This property would suit a first-time homebuyer or a pragmatic downsizer looking for a manageable, single-level layout in an established neighbourhood. It also appeals to the value-oriented buyer who recognizes the advantage of a home that is physically newer than its direct peers, potentially implying fewer immediate updates. The renovated basement adds functional space, making it a fit for someone needing a home office, hobby room, or extra living area without the scale of a larger house.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this home ranks in the top 20% on its street for living area, assessed value, and year built. This means it is consistently larger, newer, and assessed higher than most direct neighbours, offering a comparative advantage on Kilbride Avenue itself.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the renovation (e.g., moisture proofing, ceiling height, legal suite potential) to understand its true value and condition.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $29.9k is for municipal tax purposes. The last sold price range (2021) was $26.5k-$29.5k, and market conditions have changed. Always rely on a current market evaluation from your agent, as the "city-wide" assessment comparison here is not applicable due to a clear data anomaly in the provided figures.
4. What are the potential drawbacks of a home from 1954?
While newer than many on the street, a 70-year-old home will still have aging core components. Buyers should pay special attention to the condition of the roof, plumbing, electrical systems, and the foundation during an inspection, regardless of the renovated basement.
5. Why is there such a big difference in city-wide comparison data?
The provided city-wide averages seem to contain inconsistencies (e.g., an average assessed value of $390k compared to this home's $29.9k). This highlights the importance of focusing on hyper-local comparisons (street and neighbourhood rankings), which are more meaningful and reliable for this property.