Property Summary: 340 Kilbride Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1922, offering a practical and affordable entry point into Winnipeg’s Jefferson neighborhood. With 742 square feet of living space and a renovated basement, it provides essential, functional living areas. The lot is a manageable 3,282 sqft, typical for the immediate street but smaller than many city lots.
Its primary appeal lies in its value and simplicity. The home sits in a solid middle range for its own street in terms of size, assessed value, and lot size, suggesting it fits comfortably within its specific local context. It last sold in early 2021, indicating a relatively recent market transaction. The renovated basement adds modern utility to the classic structure.
This property would best suit first-time buyers or practical investors seeking a low-maintenance footprint without major renovation projects. It’s a straightforward home for those prioritizing location and affordability over size, and who appreciate a house with established character and a recent history of updates below ground.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
Within the immediate Kilbride Avenue area, this home is around average for its key metrics. However, compared to the wider Jefferson neighborhood and the city as a whole, it is notably more compact in both living space and land area, which is reflected in its below-average assessed value for those larger areas.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is there potential for expansion or adding a garage?
The lot size is smaller than the Jefferson average, which may limit options for significant additions or building a detached garage. Any expansion plans would require careful review of zoning bylaws and setback requirements.
4. What are the implications of the home's age (1922)?
While the basement has been updated, the main structure is over a century old. Prospective buyers should pay particular attention to the condition of major original components like the foundation, plumbing, electrical systems, and roof during an inspection.
5. How current is the assessed value?
The listed assessed value is $21,500. It’s important to understand that this is a municipal assessment for tax purposes, not a market valuation. The home’s likely selling price will be determined by current market conditions and may differ significantly from this figure.