Property Overview
This 1947 one-storey home at 339 Kilbride Avenue is a compact, renovated character property in Winnipeg's Jefferson neighbourhood. At 709 sqft of living space, it is notably smaller than most area homes, placing it in the top 74% for size on its own street but only the top 96% city-wide, indicating its more modest scale. Its assessed value of $22,700 is around average for Kilbride Avenue but below the averages for Jefferson and the wider city. The lot is a manageable 3,276 sqft, and the home features a renovated basement and a detached garage.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficiency and affordability within a well-established neighbourhood. Its below-average size and assessment translate to a likely lower purchase price and lower property taxes, offering a genuine entry point into the Winnipeg market. The renovated basement adds functional living space, a significant upgrade for a home of this vintage. Its appeal is for practical, budget-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize financial accessibility and a solid foundation over square footage. A thoughtful perspective is that a smaller, well-maintained home like this can offer a simpler, more manageable lifestyle with less upkeep and lower utility costs, allowing resources to be allocated elsewhere. It suits someone who views a home as a comfortable base rather than a statement, valuing the neighbourhood character of Jefferson over a large personal footprint.
Frequently Asked Questions
1. Is the smaller living area a significant drawback?
It depends on your needs. At 709 sqft, it is compact, but the renovated basement provides additional space. It's ideal for individuals, couples, or those comfortable with efficient living.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size, age, and specific location within Jefferson. It's actually around average for Kilbride Avenue itself, indicating the street consists of similarly valued properties.
3. What does the sold price history tell us?
The home sold in September 2024 for an estimated $20.5k–$23.5k. This recent sale provides a concrete, current benchmark for its market value, showing it transacts close to its assessed value.
4. Are there any major concerns with a home built in 1947?
While the core structure is 79 years old, the listing notes a renovated basement, suggesting some updates have been made. A thorough inspection is always recommended to assess the condition of older mechanical systems, the roof, and the foundation.
5. How does this property compare to others on the same street?
The data shows it fits in on Kilbride Avenue. Its living area is below the street average, but its assessed value and lot size are around the local norm, meaning it's a typical, if slightly more compact, property for this specific block.