494 Kilbride Avenue

Property Overview: 494 Kilbride Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a generous 4,777 sqft lot in Jefferson presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate area. While the 904 sqft living space is modest by city-wide standards, it is actually around average for Kilbride Avenue and the Jefferson neighbourhood, suggesting a comfortable fit for the community. The home’s assessed value ranks notably above average for the street, which can indicate desirable updates or a premium lot location relative to nearby houses. A renovated basement adds functional living space.

The property suits first-time buyers, downsizers, or investors seeking a manageable, single-level home in an established neighbourhood. Its above-average land area for the street offers valuable outdoor space or future potential, a less obvious advantage in older areas where lots can be smaller. The 1954 build date is newer than many homes on the block, potentially meaning fewer concerns with the very oldest building systems. This is a home for someone who prioritizes neighbourhood value and lot size over sheer square footage.

Section 2: Frequently Asked Questions

1. What does the assessed value ranking tell me?
The assessment is above average for Kilbride Avenue, which often reflects improvements, condition, or lot desirability not fully captured in square footage alone. It suggests the property is considered a higher-value home on its own street.

2. How does the living space feel for a one-storey home?
At 904 sqft, the main floor living area is compact but typical for the immediate area. The renovated basement is a key feature, effectively doubling the usable space for family, recreation, or storage.

3. Is the lot size a significant feature?
Yes. The lot is over 20% larger than the average on Kilbride Avenue, providing more private outdoor space than many neighbouring properties—a valuable asset for gardening, play, or simple privacy.

4. What can the sale history tell us?
The home sold previously in August 2019. Understanding the exact sale price from that transaction would help gauge market appreciation and the seller’s potential equity, providing context for the current asking price.

5. Who are the typical neighbours?
The nearby properties are primarily similar one-storey homes from the mid-20th century, indicating a stable, established streetscape. The direct neighbours on Kilbride Avenue are very close (15-30 meters apart), which is common for the area.