Property Overview: 425 Kilbride Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home on a standard city lot presents a practical and value-oriented opportunity in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in its strong relative value and move-in readiness. With 1,046 sqft of living space, it sits comfortably above average for its immediate street and area. A key feature is the renovated basement, which adds functional living space. The detached garage offers additional storage or workshop potential.

The home’s assessed value consistently ranks above average for both Kilbride Avenue and the wider Jefferson area, suggesting it is a well-regarded property within its local market context. Built in 1954, it is notably newer than many neighbouring homes, which can be an advantage for systems and upkeep. The last recorded sale was in May 2022.

This property would suit first-time buyers seeking a solid, no-fuss starter home with recent updates, or an investor looking for a manageable rental property. It also appeals to downsizers or those who prefer the convenience of single-level living. A less obvious perspective is that its above-average rankings on the street for size, value, and age indicate it might be a "best-in-class" option within its specific, more affordable price segment, offering a sense of relative premium in its micro-market.

Frequently Asked Questions

1. What does the "above average" ranking for Assessed Value mean?
It means that compared to similar homes on Kilbride Avenue and in the Jefferson neighbourhood, this property’s official city assessment is higher than most. This often reflects a combination of the home’s condition, size, and improvements relative to its peers.

2. Is the basement renovation a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the seller and the city whether the renovation meets all code requirements for a suite or is simply a finished living space.

3. How does the 2022 sale price relate to today’s value?
The sold price from 2022 provides a historical benchmark, but current market conditions, any further improvements made since then, and prevailing interest rates will determine the present market value. It is a useful data point, not a current price.

4. What are the implications of the home being newer than others on the street?
A 1954 build date is newer than the area average (1939-1948). This can suggest that major components like wiring or plumbing might be more modern, potentially reducing the urgency for upgrades compared to an older home. However, a full inspection is still essential.

5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request it by email from the service. They provide the precise figure manually and state they do not use email addresses for unsolicited marketing.