Property Overview: 230 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with a living area of 649 sqft that is notably smaller than most homes in the area and city. However, it presents a grounded opportunity. The home’s assessed value is proportionally lower than many peers, and it features a renovated basement, which adds functional space. A detached garage provides practical storage or workshop potential.
The appeal lies in its essence as an efficient, no-frills property. It suits first-time buyers seeking an affordable entry into the market, investors looking for a manageable rental property, or downsizers who prioritize simplicity and lower maintenance over space. A thoughtful perspective is that its smaller footprint can mean significantly lower utility costs and less time spent on upkeep, offering a lifestyle of efficiency. In a neighbourhood of larger, older homes, this property stands out for its potential affordability and manageability rather than its size or grandeur.
Section 2: Frequently Asked Questions
1. How does the home's smaller size impact its value?
While the living area is below average for the city, the assessed value reflects this, positioning the property as a more affordable option. The renovated basement effectively adds usable space, offsetting the main floor's compact footprint.
2. What should I know about a house built in 1917?
While the structure has proven its longevity, a pre-purchase inspection is crucial to understand the condition of foundational elements, plumbing, electrical systems (which may have been updated), and insulation. Its age is typical for the core of Winnipeg.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $22,900 is for municipal tax purposes. The last known sale was between $13.5k-$16.5k in 2020. The current market price will be determined by recent sales of similar homes, condition, and market demand.
4. What are the benefits of a detached garage?
It offers flexible space separate from the house, ideal for vehicle storage, a workshop, or extra storage. It can also be a desirable feature for future buyers or tenants.
5. How does this property compare to others on the street?
On Kilbride Avenue, this home's living area is smaller than most (ranking 181 out of 212), but its assessed value is closer to the street's average (ranking 117 out of 212). This suggests that on its own street, it is viewed more in line with property values than its square footage alone would indicate.