Property Summary: 250 Belvidere Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a one-storey character home in Deer Lodge, built in 1930. Its key characteristics include a renovated basement, a detached garage, and a living area of 1,057 sqft on a 4,797 sqft lot. The data suggests it is a modestly-sized home for the area, with its living space and assessed value ranking below the local averages on its street and in the neighbourhood. This positioning often indicates a more accessible price point within a mature, established community.
The appeal lies in its potential as a solid entry point into a sought-after neighbourhood like Deer Lodge. The renovated basement adds functional living space, and the lot size, while below the street average, still offers good outdoor potential for a home of this era. It would suit first-time buyers or downsizers looking for a manageable, character home without the scale of a larger property. A thoughtful perspective is that a home with below-average assessments for its immediate area can represent a value opportunity, allowing for equity growth through updates while benefiting from the established appeal of the neighbourhood from day one.
Section 2: Frequently Asked Questions
1. Is this a small house for the area?
Yes, at 1,057 sqft, the living area is below the average for both Belvidere Street (1,260 sqft avg.) and the wider Deer Lodge neighbourhood (1,197 sqft avg.).
2. What does the "below average" assessed value mean?
The home’s assessed value is lower than most comparable homes on its street and in the area. This doesn’t reflect the sale price, but it can sometimes indicate a more affordable tax base or a property with update potential relative to its neighbours.
3. How does the lot size compare?
The 4,797 sqft lot is below the average for Belvidere Street but is still a generous size for a one-storey home, offering ample yard space.
4. The home was last sold in 2016. What was the price?
The recorded sale price in July 2016 was $23,700.
5. What is the significance of the renovated basement?
A renovated basement adds immediate, functional living space (such as a family room, office, or additional bedroom) without the need for a major project, which is a key advantage in an older home.