263 Kilbride Avenue

Property Overview & Key Characteristics

263 Kilbride Avenue is a compact, one-storey home built in 1917, offering 870 square feet of living space on a 3,275 sqft lot in Winnipeg's Jefferson neighbourhood. Its assessed value of $190k is notably below averages for the street, area, and city, indicating a more accessible entry point into the market. The home has a basement, but it is not renovated, and the property does not include a garage or pool.

The appeal lies in its position as a practical, no-frills starter home or investment property. It suits first-time buyers seeking affordability and lower property taxes, or investors looking for a rental property with a manageable footprint. A thoughtful perspective is that its smaller scale and lot size translate to lower maintenance costs and effort, which can be a significant, often overlooked advantage for busy individuals or those downsizing. While it ranks below average in size and modern amenities compared to broader city standards, it holds its own within its immediate street context, offering a sense of community in an established neighbourhood.

Frequently Asked Questions

1. What is the actual recent sold price?
The home sold in April 2024 for a price between $185,000 and $215,000. The exact sale price is available upon direct request from the listing service.

2. What does "below average" assessed value mean for taxes and future value?
A below-average assessed value typically results in lower municipal property taxes. It doesn't necessarily predict future market value, but it can represent a value opportunity if the home is updated or if the neighbourhood sees increased demand.

3. What are the implications of a non-renovated basement?
This suggests the basement is in original or functional condition, but not modernized. It offers storage or utility space but will likely require investment for finishing. Buyers should budget for potential moisture-proofing or updates to meet their needs.

4. Is the lack of a garage a major drawback?
For some buyers, yes. However, in an older neighbourhood where many homes lack garages, it is a common feature. The smaller lot may allow for the addition of a shed or parking pad, subject to local bylaws.

5. How does the age of the home (1917) affect ownership?
Homes of this vintage possess character but require diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, plumbing, electrical systems, and insulation to understand any needed updates or repairs.