Property Overview: 213 Kilbride Avenue

Section 1: Key Characteristics & Appeal

This bi-level home at 213 Kilbride Avenue presents a compelling mix of modern convenience and practical living within Winnipeg's Jefferson neighbourhood. Its primary appeal lies in its relative newness, being built in 2005, which places it among the newest homes in its immediate area and ward. This suggests updated building systems and less immediate concern for major structural repairs compared to the century-old homes that dominate the surrounding streets.

The home features 846 sqft of living space, which is quite typical for the street and neighbourhood, and includes a renovated basement, adding functional space. While the living area is modest and the lot size is smaller than most in the city, the property punches above its weight in assessed value for the area, indicating it is viewed favorably relative to its local peers. This creates an interesting dynamic: you're purchasing a newer, efficiently designed home on a smaller, low-maintenance lot, which holds strong value within its specific community context.

This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without leaving established neighbourhoods. It’s also a practical choice for investors or owner-occupants who prioritize newer construction and efficient use of space over larger square footage or yard size. The renovated basement adds versatility for a home office, guest space, or additional living area.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $310k is notably above the local averages for both the street and Jefferson ward, suggesting the municipality views this property as a higher-value asset in its area. However, market conditions, the home's interior condition, and recent sale prices on the street are more direct indicators of its final sale price.

2. What are the pros and cons of the smaller lot size?
The lot is under 2,500 sqft, which is significantly smaller than typical Winnipeg lots. The advantage is minimal exterior maintenance, less time spent on yard work, and potentially lower water bills. The trade-off is limited private outdoor space for gardening, play, or entertaining.

3. As a newer home on a street with mostly older houses, what should I consider?
While the newer build (2005) offers modern amenities, it's important to verify if the home's style and scale are consistent with the neighbourhood's character. Also, check if any recent major updates (like roof, HVAC) have been made, as the home is now over 15 years old.

4. The home sold in 2019 and again in 2022. Does that indicate anything?
The two sales in a short period could be due to many neutral factors like relocation or life changes. It does, however, provide two recent data points for price comparison, showing appreciation between those sales. Reviewing the exact sale prices (available by request) would give clearer insight into its market trajectory.

5. What does the "renovated basement" in a bi-level typically mean?
In a bi-level, the basement is partially above ground, offering better natural light. A renovated basement here likely means the lower level is finished as livable space, effectively doubling the functional living area. It's crucial to confirm the quality of the renovation, whether permits were pulled, and the ceiling height to ensure it meets your needs.