Property Overview: 246 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Belmont Avenue in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of modern foundations and above-average land size for its immediate area. Built in 1987, it is a significantly newer construction than most homes on its street and in Jefferson, which typically date to the late 1940s. This suggests potentially fewer concerns with aging major systems compared to its peers.
With 981 sqft of living space, the home is comfortably sized for the local area and features a renovated basement, adding functional space. The nearly 5,000 sqft lot is a standout feature, ranking in the top 10% on Belmont Avenue for size, offering ample outdoor space rarely found in older, established neighbourhoods.
The property’s assessed value sits above average for both the street and Jefferson, indicating recognized worth, while remaining around the median citywide. This profile suits first-time buyers or downsizers seeking a manageable, single-level layout in a mature community without the maintenance demands of a century-old home. It also appeals to value-focused buyers who prioritize a larger, private yard—a growing luxury in urban settings—over a larger house.
Section 2: Frequently Asked Questions
1. How does the age of this home compare to others nearby?
At 39 years old (built in 1987), this home is notably newer than most in the vicinity. The average build year for comparable homes on Belmont Avenue is 1947, and in the wider Jefferson neighbourhood, it's 1948. This relative modernity can be a significant advantage.
2. Is the lot size typical for the area?
No, the lot is a key feature. At 4,998 sqft, it is larger than approximately 91% of lots on Belmont Avenue and is above the average lot size for the Jefferson neighbourhood.
3. What does the "above average" assessed value mean for this street?
The assessed value of $31,300k is higher than the average for Belmont Avenue ($26,100k). This often reflects the combined value of the newer construction, renovated basement, and larger lot relative to its immediate peers.
4. Who might this property not suit?
Buyers seeking a very large interior living space or a brand-new build in a suburban setting may find it less suitable. Its living area is below the Winnipeg citywide average, and the neighbourhood consists primarily of older, character homes.
5. Are there any obvious concerns based on the data?
The data shows no garage, which is common for many older neighbourhoods but a consideration for vehicle storage. Additionally, while the living space is ample for the local area, those comparing it to newer suburban homes should note the smaller square footage compared to the city average.