Property Overview: 470 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1954, it offers 1,050 sqft of living space and sits on a 4,781 sqft lot, which is notably larger than many on its street. The home features a detached garage and an unrenovated basement, indicating potential for future customization.
Its primary appeal lies in its solid positional metrics within its immediate context. For the street and the Jefferson area, the living space is above average, the lot size is generous, and the home is newer than many of its neighbours. This suggests a well-situated property in its local market. The assessed value is modest, aligning with area averages but well below the city-wide benchmark, which could point to a more accessible entry point into homeownership.
This property would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes lot size and location within a community over turn-key condition. It’s a home for someone comfortable with a property that has a functional baseline but may benefit from personal updates over time. The unrenovated basement and older construction year mean the buyer should be prepared for maintenance or improvement projects.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,050 sqft, the living area is above average for Kilbride Avenue and typical for the Jefferson neighbourhood, offering more space than many immediate comparables.
2. What does the assessed value tell me?
The assessed value is around average for Jefferson but is significantly below the Winnipeg city-wide average. This often reflects the home’s age, condition, and the local market, rather than just its size or lot.
3. Is the larger lot a significant advantage?
Yes. The lot is over 25% larger than the street average, providing more outdoor space than most neighbouring properties—a valuable asset for gardening, expansion, or simply having more privacy.
4. The home was built in 1954. What should I consider?
While newer than many homes on the street, a 70-year-old house will likely have older major systems (like plumbing, electrical, or the roof). A thorough inspection is essential to understand the condition and any upcoming capital costs.
5. The basement is noted as “not renovated.” What does that imply?
This typically means the basement is in a functional, utilitarian state—likely finished with older materials or possibly unfinished areas. It represents potential for future living space, storage, or rental income, but would require investment to modernize.