Property Overview
This one-and-a-half storey home on Belvidere Street in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Built in 1945, it offers 1,332 sqft of living space with a renovated basement and a detached garage. Its key appeal lies in its strong relative value within its immediate area. While the home itself is of average size for the city, its assessed value ranks notably high compared to its neighbours on Belvidere Street and within Deer Lodge, suggesting it may offer more house for the dollar in this specific locale. The lot is modest at 4,800 sqft, which translates to less yard maintenance.
This property would suit a first-time buyer or a downsizer looking for a solid, no-frills home in a quiet, mature neighbourhood without a premium price tag. It’s for someone who values the character and stability of an older community over a brand-new build, and who appreciates that the renovation work on the basement is already complete. The detached garage is a plus for storage or a workshop.
Frequently Asked Questions
How does this home’s value compare to others nearby?
The home’s assessed value is in the top 14% for the Deer Lodge neighbourhood and the top 8% on its own street, indicating it is considered a higher-value property in its immediate context compared to many direct neighbours.
Is the lot size a concern?
The land area is below average for both the street and the neighbourhood. This means a smaller yard, which could be a positive for those seeking low-maintenance outdoor space, but a limitation for those envisioning extensive gardening, play areas, or future expansions.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, ceiling height, and whether it includes added bedrooms, a legal suite, or simply finished living space.
How does the age of the home factor in?
Built in 1945, the home is older than the Winnipeg average. This typically means charming character but also necessitates a thorough inspection for the condition of major aging components like the roof, plumbing, electrical, and foundation.
Why is the city-wide assessed value ranking so different from the local ranking?
While the home ranks highly for value on its street and in Deer Lodge, it ranks around average city-wide. This highlights that home values in this established area are generally more affordable than in many newer Winnipeg subdivisions, making this property a standout locally but a mid-range property in the broader market.