Property Overview: 218 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Leila Avenue in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1975, its 1,122 sqft living area and 4,718 sqft lot are consistently average or above-average for its immediate street and area, offering comfortable space without excessive upkeep. A key feature is its renovated basement, adding valuable finished living space. The home includes a detached garage.
Its primary appeal lies in its solid positioning within the local market. The assessed value ranks significantly above average for the Jefferson area (top 8%), suggesting it is a well-regarded property in its specific community context, even if it’s more average city-wide. This indicates a property that holds its value well in its neighbourhood. Recent sold price history shows steady appreciation.
This home would best suit first-time buyers or downsizers seeking a manageable, single-level layout in an established neighbourhood. It’s also a sensible fit for value-conscious buyers who appreciate a home that stands out positively within its local area rather than just on city-wide metrics, and for those who prioritize usable space like a renovated basement over newer construction or premium finishes.
Section 2: Frequently Asked Questions
1. How does this home really compare to others in the area?
The data shows it’s a strong performer in Jefferson. Its assessed value is in the top 8% for the neighbourhood, and it’s newer than 94% of area homes. While its size is typical, its overall package appears to be highly competitive locally.
2. What does the sold price history indicate?
The home sold in late 2023 for an estimated $35.5k–$38.5k, which was well above the area average at that time. This follows a sale in early 2022, showing a clear pattern of value growth over a short period.
3. Is the renovated basement a major feature?
Yes. In a one-storey home, a finished basement effectively doubles the usable living space, offering flexibility for family rooms, home offices, or guest areas that the main floor may not accommodate.
4. What are the implications of a detached garage?
A detached garage provides good storage or workshop space but means dealing with snow removal on a separate path in winter. It can also offer more flexibility for future landscaping or garden projects on the lot.
5. The home is 51 years old. What should I consider?
While newer than most in Jefferson, a home from the 1970s will have age-appropriate systems. The renovated basement is a plus, but a thorough inspection should focus on the roof, original windows, and major mechanicals like heating and plumbing to understand upcoming maintenance.