Property Overview: 510 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Kilbride Avenue in Jefferson presents a practical opportunity with several standout features. Its primary appeal lies in its generous 5,200 sqft lot, which ranks in the top 3% for size on its street, offering significant outdoor space that is rare for the immediate area. The home itself, built in 1954, is newer than most in the neighbourhood and features a renovated basement. With 1,050 sqft of living space, it is comfortably above average for similar homes on its street.
The property suits buyers looking for a solid, no-frills home with exceptional lot potential in a well-established neighbourhood. It’s ideal for someone who values private outdoor space for gardening, recreation, or future expansion over having a large interior or modern amenities. The detached garage adds functional storage. Given its assessed value sits below the citywide average, it represents a more accessible entry point into the Winnipeg market, appealing to first-time buyers, downsizers, or practical investors focused on land value. The recent sale history suggests a stable, modestly appreciating market for the street.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for the Jefferson neighbourhood but below the citywide average. On its own street, it ranks in the top 25%, indicating it is considered a higher-value property among its direct peers.
2. What is the significance of the lot size?
The 5,200 sqft lot is a key feature. It is notably larger than most on Kilbride Avenue (top 3%), providing ample yard space that is uncommon for the street and offers potential for landscaping, additions, or outdoor living.
3. What should I know about the home’s condition and updates?
The listing notes a renovated basement, which is a positive update. As a home built in 1954, prospective buyers should budget for expected maintenance and updates common to houses of this era, particularly to the main floor systems and exterior.
4. Has the property’s value been stable?
Based on available sold price ranges, the property sold for between $27.5k-$30.5k in August 2023 and $22.5k-$25.5k in December 2022. This indicates activity in the market, but for a precise understanding of value trends, verifying the exact sale prices is recommended.
5. How do I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the provided email form on the listing page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your email.