Property Overview
215 Belmont Avenue is a one-and-a-half storey home built in 1915, offering a blend of historic character and practical updates. With 1,200 square feet of living space and a renovated basement, it sits on a standard city lot of 3,796 square feet. The home lacks a garage or pool. Its most recent recorded sale was in March 2023.
Key Characteristics & Appeal
This home’s primary appeal lies in its above-average living space for the immediate area and the value offered by its renovated basement. At 1,200 sqft, it provides more room than most comparable homes on Belmont Avenue and in the Jefferson neighbourhood. The updated basement adds functional living area, a significant advantage in a home of this era.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner who prioritizes interior space and modernized essentials over exterior features like a garage. It also fits an investor looking for a character home with a solid foundation in a stable neighbourhood, where the renovated basement could support rental income. A less obvious perspective is its appeal to those who appreciate a home with a established history (over 110 years) but without the extreme premium often attached to century homes, positioning it as an affordable entry into Winnipeg’s older housing stock.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is notably low ($26,200), which is common for older homes in the area and should not be mistaken for market value. The 2023 sale price range provides a more current benchmark.
2. What are the implications of the home’s age (1915)?
While offering character, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. The renovated basement is a positive, but the overall structure requires careful evaluation.
3. Is the lack of a garage a major drawback?
This depends on lifestyle. For some, it’s a significant compromise. For others, the trade-off for more affordable, updated interior space on a mature street is acceptable. On-street parking is typical for the area.
4. How does the lot size impact potential?
The lot is average for the street but below average for the wider city. This limits potential for large additions but is sufficient for garden space or a small deck, aligning with a low-maintenance yard.
5. What does the neighbourhood data indicate about the property’s standing?
The data shows a mixed picture: the home ranks very well for living space locally but is older than most. This suggests it’s a sizeable, updated home on a street of smaller, sometimes more modern properties, offering a unique combination within Jefferson.