Property Overview
This two-storey home at 243 Belmont Avenue in Winnipeg's Jefferson neighborhood presents a specific and compelling profile. Its primary appeal lies in the combination of a modern build and efficient use of space. Built in 2017, it is a notably newer construction compared to most homes on its street and across the city, offering contemporary building standards and minimal immediate maintenance concerns. With 1,230 sqft of living space, it feels spacious for the area, ranking well above local averages. However, the lot is compact at 2,498 sqft, which means lower exterior upkeep but less private outdoor space.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking a modern, move-in-ready house without the premium of a brand-new subdivision, or for an investor looking for a relatively new asset with likely lower repair costs. The lower assessed value suggests a potentially accessible entry point into the market. A thoughtful perspective is that this home represents a trade-off: you gain a modern interior and efficiency but forfeit the larger yard typical of older neighborhoods. It’s for those who prioritize the condition of the home itself over land size.
Frequently Asked Questions
1. What are the main advantages of this home?
The key advantages are its modern age (built in 2017), which typically translates to newer major systems and less urgent maintenance, and its above-average living space for the immediate area. It offers a contemporary living experience in an established neighborhood.
2. What are the potential drawbacks?
The lot size is significantly smaller than most in Jefferson and Winnipeg overall. This means a compact backyard and less potential for expansions like a large garage or addition. The home also has a basement, but it is noted as not being renovated.
3. Who would this property be best for?
It’s well-suited for first-time homebuyers, small families, or professionals who want a low-maintenance, modern home and do not prioritize a large garden or outdoor space. Its profile could also appeal to rental investors seeking a newer property.
4. How does its value compare to the area?
The home’s assessed value is above average for Belmont Avenue and the Jefferson neighborhood, likely reflecting its newer construction and larger living area. However, it remains around the city-wide average, potentially offering good value for a newer build.
5. What is less obvious about this property’s situation?
While newer, it exists on a street where most homes are decades older. This can be positive for maintenance but may mean the home’s architectural style or condition stands apart. The small lot, while requiring less upkeep, also means future expansion is very limited, which is an important long-term consideration.