Property Overview: 315 Kilbride Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1946, presenting a straightforward and affordable entry point into the Winnipeg housing market. With 608 square feet of living space and an unfinished basement, it is notably smaller than most homes in its neighborhood, area, and the city overall. The lot size is modest but in line with others on the street. A key financial characteristic is its low municipal assessed value of $18,600, which is significantly below area averages. Recent sales history indicates it transacts at a very accessible price point.
The primary appeal lies in its affordability and potential as a foundational investment. It suits first-time buyers or investors seeking a low-cost acquisition with minimal financial barrier to entry. For the right buyer, its smaller scale could also mean lower utility costs and less maintenance. A less obvious perspective is that its consistent below-average metrics might offer a measure of insulation from broader market fluctuations, appealing to those with a cautious, long-term value strategy. This is not a move-in-ready or feature-rich property, but a practical base for building equity or meeting basic shelter needs.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's specific characteristics—its smaller size, age, and unfinished condition—compared to the broader mix of homes in Winnipeg, which includes many larger, renovated, or newer properties.
2. What does the "Top 93%" ranking for living area mean?
It means that for living area size, this home is smaller than approximately 93% of comparable properties on its own street. This highlights its compact nature relative to its immediate neighbors.
3. Is the unfinished basement included in the 608 sqft living area?
No. The 608 square feet refers to the above-grade living area. The basement is additional space but is noted as being unfinished and not renovated.
4. How recent is the sold price information?
The last recorded sale was in July 2017. The price range shown is based on public data, and the exact sale price can be requested directly from the listing source.
5. What are the immediate prospects for resale or appreciation?
Given its niche as a very affordable, smaller property, its market appeal will likely remain specific to budget-conscious buyers or investors. Significant appreciation would typically depend on renovations, market demand for entry-level homes, or area development, rather than organic growth based on its current state.