Property Overview: 509 Kilbride Avenue, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home on a generous 4,762 sqft lot presents a compelling blend of space, location, and value. With 1,032 sqft of living area, it offers above-average roominess for both its immediate street and the Jefferson neighborhood, while remaining a manageable size. A key feature is the renovated basement, adding functional living space. The detached garage provides practical storage or workshop potential.

The home’s primary appeal lies in its strong positioning within a desirable local context. Its assessed value of $330k places it in the top 15% for the Jefferson area, suggesting it is considered a premium property within the community compared to its neighbors. Built in 1955, it is notably newer than many homes on the street, which may translate to fewer concerns about the age of core components. This combination—a newer-than-average home for the block, with a renovated basement, on a larger lot—makes it a standout in its micro-market.

This property would suit practical buyers looking for a move-in-ready home with basement potential in a stable neighborhood. It’s ideal for someone who values being above the local average in terms of space, lot size, and modern amenities without venturing into the city’s highest price tiers. It would also appeal to an owner-occupant who appreciates the character of an established area but prefers a home from the mid-50s with likely updates.

Frequently Asked Questions

1. How does this home’s value compare to the rest of Winnipeg?
While a premium property on its street and in Jefferson, its assessed value is around the city-wide average. This suggests you are paying for a superior home within a specific, sought-after local area rather than for an elite city-wide address.

2. What does “renovated basement” typically include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or kitchenette to understand its full utility and value.

3. The last recorded sale was in 2020 for a surprisingly low price. Why?
The sold price history shows a range of $29.5k-$32.5k for 2020, which is not a typical residential sale price. This often indicates a data transfer error, a lot sale, or a non-arms-length transaction between family members. It is not reflective of the home’s market value then or now, which is clearly indicated by its current $330k assessment.

4. Is the lot size a major advantage?
At 4,762 sqft, the lot is above average for Kilbride Avenue, offering more outdoor space than many direct neighbors. However, it is close to the average for the broader Jefferson area, so its advantage is most pronounced on its specific street.

5. What are the implications of the home being “newer” (1955) than neighbors?
Being built in 1955 means it is roughly 15-20 years newer than the average home on its street. This can be a subtle but meaningful advantage, potentially indicating updated wiring, plumbing, or structural materials compared to pre-war homes, possibly resulting in lower immediate maintenance costs.