Property Overview: 506 Kilbride Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 4,501 sqft lot in Jefferson presents a practical and value-oriented opportunity. Built in 1954, it is notably newer than many homes on its street and in the immediate area, which can suggest updated infrastructure. The 936 sqft living space is comfortably above average for Kilbride Avenue, and the home features a renovated basement and a detached garage. Its assessed value of $280k ranks well above average for the street, indicating it is viewed as a higher-quality asset in its immediate context, though it sits below the citywide average.
The appeal lies in its position as a solid, established home in a neighbourhood of peers. It suits first-time buyers or downsizers looking for a manageable, single-level layout with a renovated basement for extra space. The above-average lot size for the street offers good outdoor potential. A thoughtful perspective is that this property represents a "middle ground" investment—it's not the newest or largest in the city, but it stands out positively on its own street, offering a sense of relative value and stability within a specific, familiar community.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in June 2020 for an estimated $19.5k-$22.5k. The current assessed value of $280k is significantly higher, reflecting market changes and provincial assessment formulas. It's essential to get an exact sale price history and a current market evaluation.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a separate entrance or legal suite potential.
3. Is the detached garage insulated or heated?
This detail isn't provided. The condition and usability of the detached garage across Winnipeg winters would be a key point of clarification.
4. How does the living space feel for a one-storey home?
At 936 sqft, the main floor living area is above average for the street. However, the total usable space, including the renovated basement, will define the home's functional size.
5. Why is the year built considered an advantage here?
Built in 1954, this home is decades newer than the average home on Kilbride Avenue (avg. ~1939). This can often mean fewer issues with very old plumbing, electrical, or foundations common in pre-war houses, though a thorough inspection remains crucial.