Property Overview
This one-storey home at 445 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a practical and value-conscious opportunity. Built in 1955, its key appeal lies in its above-average positioning within its immediate area. The 1,048 sqft living area and 4,487 sqft lot size both rank in the top third for Belmont Avenue, offering more space than many direct neighbours. A recently renovated basement adds functional living area. The detached garage provides flexibility for parking or storage. Its assessed value is also above the local street average, suggesting a solid foundation of municipal valuation.
The property suits first-time buyers or downsizers looking for a manageable, single-level layout in an established area. Its above-average metrics for the street indicate a good standard for the location, appealing to those seeking a home that stands out slightly from its immediate peers without a premium city-wide price. A thoughtful perspective is that homes from this era on lots of this size often have potential for future expansion, subject to local bylaws. The renovated basement also offers immediate utility, whether as a family room, home office, or separate suite for additional income (subject to regulations).
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows this property consistently performs above the average for Belmont Avenue itself in terms of living space, lot size, year built, and assessed value. Compared to the wider Jefferson area and city, it sits closer to the average, indicating it's a strong contender within its specific, more affordable local context.
2. What does the sold price history indicate?
Public records show it last sold in March 2019 for an estimated range of $24.5k to $27.5k. The current assessed value of $30.1k has increased since then. For an exact historical sold price, you can request the information directly via the website.
3. Is the basement renovation a legal suite?
The listing notes a renovated basement but does not specify if it is a legal, separate suite. This is a critical point to verify with the seller and the city, as an unauthorized suite could have implications for insurance, financing, and bylaws.
4. What is the significance of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also present future potential, though any structural changes would require permits.
5. The home is older; what should I be mindful of?
While built later than many on the street (1955 vs. a 1947 average), a 70-year-old home will still require diligent inspection. Key focuses should be the foundation, roof, wiring, plumbing, and the quality/permits of the basement renovation to ensure everything is up to modern standards.