Property Overview: 424 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home in Jefferson presents a compelling opportunity for a specific buyer. Built in 1955, its 1,092 sqft of living space is notably above average for Kilbride Avenue, offering more room than most immediate neighbors. A key feature is the renovated basement, adding valuable finished space. The property sits on a 4,671 sqft lot, which is generous for the street, and includes a detached garage.
The appeal lies in its strong positional value within its micro-market. The home ranks in the top 15% for living area and top 6% for assessed value on its own street, indicating it is a premium property within this specific block. This suggests a home that has been updated and maintained to a standard that outpaces nearby peers. It would suit a practical buyer looking for a move-in ready, single-level layout in an established neighborhood, who values space and a sense of relative premium within a local context over a brand-new build. The data implies this isn't the newest or largest home city-wide, but it is a standout on its street—a perspective often overlooked in favor of broader comparisons.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The home’s assessed value is in the top 10% for the Jefferson area, meaning it’s officially valued higher than 90% of comparable properties nearby. This often reflects updates, condition, and desirability, but it's important to distinguish this from current market value.
2. How updated is the home?
The listing confirms a renovated basement. The fact that its assessed value ranks so highly for its age (1955) suggests other updates may be present, but a viewing is necessary to confirm the scope and quality of renovations throughout the main floor.
3. Is the lot size a pro or con?
At 4,671 sqft, the lot is above average for Kilbride Avenue (top 27%), offering good outdoor space for the area. While it’s around the city average, it provides a notable advantage over many neighboring properties.
4. What can recent sale history tell me?
The home sold in September 2021 for an estimated $33.5k–$36.5k. Its assessed value has since risen slightly to $34.1k. This history provides a recent benchmark, but current market conditions will determine today’s value.
5. Who are the most relevant comparable properties?
The most meaningful comparisons are likely on Kilbride Avenue itself, where this home ranks highly for size and value. Broader Jefferson or city-wide comparisons are less indicative of its specific standing and appeal within its immediate setting.