Property Overview: 397 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Kilbride Avenue in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1927, its 720 sqft living area is compact, placing it below the city-wide average for size, but it benefits from a renovated basement. The standout feature is the land: at nearly 5,000 sqft, the lot is significantly larger than many on its street and in the immediate area, offering valuable outdoor space and potential.
Its appeal lies in its simplicity and fundamentals. With a detached garage and a recently sold price range that aligns with a modest assessed value, this property is positioned as an affordable entry point into the market. It suits first-time buyers, investors, or downsizers seeking a low-maintenance footprint without compromising on yard size. A thoughtful perspective is that this home represents a "land-value play" in many ways—the generous lot in a mature neighbourhood is a tangible asset that may hold more long-term value than the structure itself. It’s a property for those who see potential in the space and location, rather than in finished square footage.
Frequently Asked Questions
1. How does the home's size compare to others?
At 720 sqft, the living area is below the Winnipeg average. However, it is closer to the average for Kilbride Avenue itself, indicating the character of the street. The renovated basement adds functional space.
2. What is the significance of the lot size?
The lot of 4,962 sqft is a key feature. It is larger than most lots on the same street and in the Jefferson area, providing more private outdoor space than is typical for homes in this price range.
3. What can the assessed value tell me?
The assessed value is a municipal valuation for tax purposes, not a market price. This home’s assessed value is around average for its street but below the city average, which can sometimes indicate a more affordable tax base relative to other properties.
4. Who might this property not suit?
It may not suit buyers looking for a modern, move-in-ready home with ample above-ground living space, or those who prefer a newly built area. The compact main floor requires efficient use of space.
5. How can I find out the exact past sale price?
The listed sale price is a range based on public data. You can request the exact historical sold price by emailing the site via the provided button; they provide this detail manually without using your email for marketing.