Property Overview: 273 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Belmont Avenue in the Jefferson area presents a practical and straightforward opportunity. Its key characteristics include 750 sqft of living space, a renovated basement, a detached garage, and a 3,282 sqft lot. Built in 1922, it is a classic Winnipeg bungalow.
The appeal lies in its manageability and value positioning. With a living area and assessed value that are around average for its immediate street but below the wider area and city averages, it represents an accessible entry point into the market. The renovated basement adds functional space, a significant asset in a smaller home. Its lot size, while modest by city standards, is typical for the neighborhood, offering low-maintenance outdoor space.
This property would suit first-time buyers seeking a no-fuss starter home, downsizers looking to right-size without the burden of a large property, or practical investors interested in a character home with steady rental potential in an established area. A less obvious perspective is that a home of this vintage and size on a decent lot could be a long-term hold for someone who values simplicity and lower utility costs over modern square footage, with the potential to expand or update over time.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 750 sqft, the living area is slightly smaller than the average home on Belmont Avenue (~904 sqft) and more compact than the typical Winnipeg home. This makes for efficient, manageable living spaces.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent, as it could add valuable living, storage, or utility space.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often different from market value. Recent sold price history (e.g., ~$21.5k-$24.5k in 2020) provides another data point, but the current market will ultimately determine the price.
4. What are the implications of the home’s age (built 1922)?
A home over 100 years old will have classic character but may also have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof.
5. How does the lot size impact future possibilities?
The 3,282 sqft lot is consistent with the street. While it may not allow for extensive additions, it provides adequate private outdoor space and may have potential for a garden, shed, or modest deck, subject to local zoning bylaws.