Property Overview
This two-storey home at 353 Kingsbury Avenue in Winnipeg's Jefferson neighbourhood presents a compelling mix of modern convenience and strong value positioning. Built in 2011, it is a notably newer construction compared to most homes in its immediate area and across the city. Its primary appeal lies in its generous 1,508 sqft living space, which ranks in the top tier for the street and neighbourhood, and its recently renovated basement, which adds functional space. The home sits on a standard city lot for the street but is smaller than the neighbourhood and city averages, suggesting a lower-maintenance yard. It does not have a garage or pool.
The property’s assessed value is significantly higher than most on its street and in Jefferson, yet sits around the average citywide, indicating you get a larger, newer home for a typical Winnipeg price point. This would suit first-time buyers or young families looking for move-in-ready, modern space without a sprawling yard to maintain. It also appeals to the value-conscious buyer who prioritizes interior square footage and recent updates over exterior amenities like a garage. A thoughtful perspective is that while the lot is smaller, it offers a manageable outdoor space for those with busy lifestyles, and the home’s newer age likely means greater energy efficiency and fewer major repairs in the near term compared to older stock.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in June 2019 for an estimated $275,000-$305,000. Its current assessed value is $397,000, which is elite for the street and neighbourhood. This suggests significant appreciation, but for an accurate current market comparison, requesting the exact sold price history is recommended.
2. What does the "elite" ranking for year built actually mean?
Most homes on Kingsbury Avenue and in the wider Jefferson area were built around 1947-1948. Being built in 2011 places this home in the top 3% for its newness locally, meaning it likely has modern building materials, layouts, and systems, a rare find in an established neighbourhood.
3. Is the lack of a garage a significant drawback?
This depends on buyer priorities. The home ranks highly for living area and year built, meaning its value is concentrated in the interior and structure itself. For buyers who prioritize indoor space and newer construction over vehicle storage, this is a trade-off. On-street parking is typical for the area.
4. The lot size is noted as "below average" for the neighbourhood. How impactful is this?
The lot is a standard size for Kingsbury Avenue itself. It is smaller than the Jefferson and citywide averages, which include many older homes with larger plots. This translates to less yard maintenance, which can be a positive for some, but less private outdoor space.
5. What is the immediate neighbourhood like?
The listing shows the four closest properties are all on the same block of Kingsbury Avenue, indicating a dense, established streetscape with neighbours in close proximity. The similar assessed value properties are scattered across various neighbourhoods, suggesting this home offers comparable value to properties in other desirable areas like Varsity View.