Property Overview
This one-storey home at 317 Belmont Avenue in Winnipeg's Jefferson neighborhood presents a solid, value-oriented opportunity. Its primary appeal lies in offering above-average space and a premium assessed value for its immediate area, all on a generous lot. The home features a renovated basement and a detached garage.
Key Characteristics & Ideal Buyer
The standout feature is the property's strong positioning within its local context. With 1,236 sqft of living space, it ranks in the top 8% for size on Belmont Avenue, offering significantly more room than the street average. Similarly, its assessed value is in the elite top 5% for the street, suggesting it is viewed as a premium property in this specific location. The nearly 5,000 sqft lot is also well above average for the street. The home itself is a classic 1946 build with a renovated basement, indicating functional living space has been a priority.
This property would suit a practical buyer looking for a spacious home in a established neighborhood without a premium city-wide price tag. It’s ideal for someone who values interior space and lot size over a newer build, and who understands that a high assessed value relative to nearby homes can be a marker of neighborhood desirability, even if it translates to a higher property tax bill. It's a home for those who see the value in what the numbers confirm: a lot of house for the area.
Frequently Asked Questions
1. What does the high assessed value ranking mean for me?
While a high assessed value can indicate a well-regarded property on its street, it primarily influences your annual property taxes. It's a positive sign for neighborhood standing but a direct cost consideration.
2. The home was built in 1946. What should I check?
Given its age, a thorough inspection of major systems is essential. Focus on the foundation, roof, plumbing, and electrical wiring to understand the condition and anticipate any needed updates, despite the renovated basement.
3. How does the detached garage impact the property?
A detached garage offers flexibility—it could be used as a workshop or studio without disrupting the main house. However, consider the convenience factor, especially during Winnipeg winters, compared to an attached garage.
4. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available by request. You can provide your email on the listing page to receive the precise figure, as this data is manually verified and shared directly.
5. The home ranks "around average" city-wide in several metrics. Is that a concern?
Not necessarily. This highlights the property's true appeal: it outperforms its immediate peers. It offers more space and a higher valuation than most homes on its street and in Jefferson, which is often more relevant to daily living and value retention than a city-wide comparison.