Property Overview: 380 Kimberly Avenue, Winnipeg

Key Characteristics & Appeal

This 832 sqft bungalow, built in 1951, sits on a generous 4,795 sqft lot in the Munroe West neighbourhood. Its core appeal lies in its position as a practical, entry-level home in a well-established area. The assessed value of $269k is notably below the Winnipeg city average, presenting a relative affordability within the market.

The home’s characteristics define its niche. The living space is compact, especially compared to other homes on Kimberly Avenue itself, suggesting a efficient layout suited to a smaller household. However, the lot size is solid for the neighbourhood, offering valuable outdoor space potential. The data indicates the property is not a standout in terms of size or assessed value on its street or city-wide, but it sits closer to the average within the immediate Munroe West area. This paints a picture of a home that is typical for its specific locale, offering a chance to enter a mature community without a premium price tag.

This property would best suit first-time buyers or downsizers seeking a manageable footprint and yard in a no-frills, established setting. It’s for a buyer whose priority is securing a lot and location within a budget, who is comfortable with a home that may require updates (given its age) and sees potential in the land and neighbourhood over immediate grandeur.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. However, it provides a benchmark. A sale price near or below this assessment could indicate value, while a significant premium would reflect current market demand or recent upgrades not captured in the assessment.

2. The home seems smaller than others on the street. Is it a full house?
At 832 sqft, the living area is below the street average. It is a complete, detached home, but likely with a more compact or efficient layout. Buyers should verify the room count and floorplan to ensure it meets their spatial needs.

3. What are the implications of the home being built in 1951?
Homes of this era often have solid construction but may require attention to aging components like plumbing, electrical, windows, and insulation. A thorough inspection is essential. On a positive note, it may feature character elements and is situated in a neighbourhood with mature trees and settled infrastructure.

4. The lot is a good size for the area. What potential does that offer?
The nearly 5,000 sqft lot provides valuable outdoor space for gardening, recreation, or future additions like a shed or deck. It also represents a long-term investment in the land itself, which is a significant portion of a property’s value in established areas.

5. Why is there no sales history shown for this listing?
Publicly accessible sold price data is not sourced from the MLS system. For fully verified transaction history and exact past sale figures, you must request a manual lookup from the site via the provided email option, as industry rules restrict the online publication of that specific data.