Property Overview
This 812 sqft one-storey home at 283 Belmont Avenue is a study in contrasts, offering modern convenience within a well-established Winnipeg neighbourhood. Built in 2016, it stands out as a notably newer construction on a street and in an area (Jefferson) dominated by homes from the mid-20th century. Its key feature is a renovated basement, adding functional living space, and it includes a detached garage. The living area is modest but typical for Belmont Avenue, while the lot size is slightly below average for the broader Jefferson area.
The appeal lies in its turn-key, low-maintenance potential. As a modern build, it likely benefits from contemporary building standards, energy efficiency, and minimal immediate repair needs—a significant advantage over older peers. Its above-average assessed value for the immediate vicinity suggests it is perceived as a premium property on its street. This home would suit first-time buyers seeking a move-in-ready property, downsizers looking for single-level living without the concerns of an aging structure, or investors attracted by the desirability of a newer home in an established area.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was assessed at $33,200 and sold in July 2024 for an estimated $28,500–$31,500. This indicates the sale price was at or slightly below its municipal assessment at that time, which can be a useful benchmark for market value.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. A prospective buyer should clarify whether it is a finished living space, a utility area, or contains legal secondary suites, as this significantly impacts usable square footage and value.
3. Is the lot size a limitation?
At 3,282 sqft, the lot is around average for Belmont Avenue but below the average for the larger Jefferson area. This may mean smaller outdoor space but also less yard maintenance. It’s a typical urban lot, not suited for extensive additions but sufficient for private outdoor living.
4. Why is the year built such a standout feature?
Built in 2016, this home is in the top 3% of homes by age on its street and in Jefferson, where most homes are from the late 1940s. This is a major differentiator, implying newer major systems (roof, HVAC, plumbing, electrical) and potentially lower near-term capital costs.
5. How does this home fit within the neighbourhood context?
It offers a modern living experience in a mature neighbourhood. Buyers get the benefit of established streetscapes and community amenities, but in a home that doesn’t require the updates or renovations typical of the area’s older housing stock. This unique position is reflected in its higher-than-street-average assessment.