Property Overview: 355 Belvidere Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a classic Winnipeg property built in 1946, offering a practical footprint of 1,097 sqft on a notably generous 4,884 sqft lot for its immediate street. Its key features include a renovated basement and a detached garage. The appeal here is grounded in space and location rather than sheer size. While the living area is modest compared to some neighbours, the lot size is well above average for Belvidere Street, presenting a valuable outdoor canvas for gardening, play, or expansion. The home’s assessed value is consistent with the area, suggesting a fairly priced entry point into a stable neighbourhood.
This property would suit a first-time homebuyer or a downsizer looking for a manageable home with a low-maintenance profile and a prized larger yard. It’s also a sensible fit for a value-conscious buyer who sees potential in the already-renovated basement as flexible living space and who appreciates the character and established feel of a post-war community. A less obvious perspective is that for its street, this home offers a relative rarity: a lot size that ranks in the top 10%, which could be a long-term asset not fully reflected in the current living space.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
The living space is slightly below the average for Belvidere Street itself but is generally around the average for the wider Deer Lodge neighbourhood. The trade-off is a lot size that is significantly larger than most on the same street.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or secondary living space.
3. Is the assessed value a good indicator of the likely sale price?
The assessed value is for municipal tax purposes. The last known sale was in 2019 for $270,000. Market conditions have shifted since then, so the current sale price will be determined by recent comparable sales, condition, and buyer demand.
4. What are the implications of a home built in 1946?
Homes of this era are common in Winnipeg and are often solidly built, but they may have older components like plumbing, electrical, or insulation that could require attention or updating. A thorough inspection is advised.
5. What is the potential of the large lot?
The above-average lot size offers more privacy and yard space than typical for the street. It could accommodate additions like a larger deck, shed, or garden. Future development potential, such as building a garage suite, would be subject to City of Winnipeg zoning bylaws and would require investigation.