Property Overview: 379 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, renovated one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1973, it is notably newer than most homes on its street and in the immediate area. With 1,107 sqft of living space, it offers above-average roominess for Jefferson. A key feature is its renovated basement, adding functional living space. The property sits on a 3,729 sqft lot, which is standard for Belmont Avenue but smaller than the typical Winnipeg yard. There is no garage or pool.
Its primary appeal lies in its modern relative age, recent updates, and efficient use of space within a established community. The home’s assessed value consistently ranks above average for both its street and neighbourhood, suggesting it is a solidly maintained property in its context. It suits first-time buyers or downsizers seeking a manageable, single-level layout with modernized fundamentals and without the maintenance concerns of a much older home. It also appeals to value-focused buyers who prioritize a renovated interior over a large lot or additional structures like a garage.
Frequently Asked Questions
1. How does the lot size impact this property?
While the lot is average for Belmont Avenue, it is below the neighbourhood and city averages. This means smaller outdoor maintenance but also limited space for expansions, large gardens, or adding a garage.
2. The home sold in 2022 and 2019. What does that recent activity indicate?
The two sales in a short period could reflect a hot market period, an investor flip, or simply personal circumstances. The increase in sold price between 2019 and 2022 is notable, and the current assessed value is close to that 2022 sale range, suggesting the market has stabilized around that level.
3. What does the "above average" ranking for Year Built really mean?
In Jefferson, where many homes were built in the late 1940s, a 1973 build date is significantly newer. This often translates to more modern construction materials, electrical systems, and floorplans, potentially reducing immediate major repair costs compared to older peers.
4. There's no garage. Is street parking readily available?
The listing notes no garage. Buyers should verify the parking situation on Belmont Avenue, considering seasonal parking bans and neighbourhood density, to ensure it meets their needs.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value includes all property types and neighbourhoods. Jefferson is a more affordable area of Winnipeg, so values here are naturally lower. This home’s value is strong within its local market, which is the more relevant comparison for equity and resale.