Property Overview

This 920 sqft, one-storey home on a 3,276 sqft lot presents a straightforward, value-oriented opportunity in Winnipeg's Jefferson area. Built in 1917, its key appeal lies in its position as an affordable entry point into the market. The home features a detached garage and an unrenovated basement, indicating a property that offers functional basics with room for future updates.

Its standout characteristic is its assessed value, which is notably below average for the street, neighbourhood, and city. This creates a lower property tax burden and suggests potential for value growth. The living area is quite typical for Kilbride Avenue, meaning the home fits right into its immediate streetscape. It would suit first-time buyers, investors looking for a rental property, or handy purchasers comfortable with a home that may require gradual modernization. The recent sale in mid-2024 indicates a fresh, market-tested valuation.

Frequently Asked Questions

What does the "below average" assessed value actually mean for me?
It primarily means your annual property taxes will be calculated on a lower value than many comparable homes, resulting in a ongoing cost savings. It can also indicate a price point that leaves more room for equity growth as improvements are made.

Is the unrenovated basement a major concern?
It depends on your plans. It’s not a finished living space, so it should be inspected for foundational and moisture issues. However, it also represents a blank slate for future development, storage, or utility needs without the cost of undoing someone else’s subpar renovation.

The home is over 100 years old. What should I prioritize in an inspection?
Beyond standard checks, focus on the updates to essential systems: the age and condition of the wiring, plumbing, roof, and heating. The structure and foundation of a century home are also critical inspection points to understand any historical settling or needed repairs.

How does the lot size compare, and what are the implications?
The lot is modest, especially compared to the city-wide average, but is fairly typical for the Jefferson area. This means lower exterior maintenance but also limited space for major expansions. It’s suitable for a garden or patio but not for adding a large addition or secondary structure.

The home sold recently in 2024. Why is that significant?
A very recent sale provides a clear, current benchmark for its market value, reducing pricing uncertainty. For a buyer, it’s important to understand why it was sold again so quickly—this could be a routine estate sale or investment flip, but it’s a question worth asking.