Property Overview
This 2011 bi-level home at 226 Belmont Avenue in Winnipeg's Jefferson neighborhood presents a specific and compelling profile. Its appeal lies in being a modern, low-maintenance property within an established area. At 839 sqft with a renovated basement and detached garage, it offers efficient living space. The standout characteristic is its age: built in 2011, it ranks in the top 5% of homes on its street and top 3% in Jefferson for being newer, meaning major systems like roof, furnace, and windows are likely in good condition. This is balanced by a smaller-than-average lot (2,498 sqft), suggesting lower yard upkeep.
The property would suit first-time buyers or downsizers seeking a move-in-ready home without the concerns of an older structure. It also appeals to value-focused investors or owner-occupants, as its assessed value is notably above average for its immediate area (top 10% on Belmont Ave), which can indicate strong relative value and potential stability in the local market context. The combination of modern build, renovated basement, and manageable size creates a turnkey solution for those prioritizing practicality and modern comforts over expansive space.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it translates to less yard maintenance—a benefit for those seeking a low-upkeep lifestyle. It may also mean less private outdoor space compared to neighboring properties.
2. The assessed value seems high for the street but average citywide. What does this mean?
This indicates the home is considered a higher-value property within its immediate Jefferson context, likely due to its modern build and condition. The citywide average comparison includes a vast mix of property types and ages, so its strong standing locally is often more relevant for value and resale.
3. What are the implications of the home being a bi-level?
Bi-levels typically feature living areas on one upper level and bedrooms on another, separated by a short staircase. This layout offers good separation of space but requires navigating stairs for daily living. The renovated basement adds to the functional living area.
4. Is the detached garage a convenience or an inconvenience?
It provides secure storage and parking without taking up interior space, but requires going outside to access from the house—a factor to consider during Winnipeg winters.
5. The home sold in early 2020. What can that price history tell me?
The sold price range from 2020 provides a historical benchmark, but market conditions have likely shifted. It's most useful for understanding the property's price trajectory rather than determining its current market value, which should be based on a professional appraisal and recent comparable sales.