Property Overview: 283 Belvidere Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Deer Lodge offers a blend of classic charm and practical space. Built in 1928, it sits on a notably generous lot for the immediate street and neighbourhood, providing above-average outdoor space. The 1,580 sqft living area is a key highlight, ranking in the top 9% for size both on Belvidere Street and within Deer Lodge, meaning it offers more interior room than most comparable local homes. It features a renovated basement and a detached garage.
The appeal lies in its spaciousness relative to its surroundings, offering the roominess of a larger home without necessarily commanding a premium price, as suggested by its assessed value ranking below average for the street. This creates a potential value opportunity in a well-established neighbourhood. It would suit buyers looking for character-home proportions and a sizable yard in a mature area, particularly those who prioritize interior space over a modern build date and see potential in a property where the assessment may not fully reflect the living space offered.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the 2016 sale price compare to today's likely value?
The home sold for $280,000 in 2016. Market conditions have changed significantly since then, so this figure is a historical data point rather than a direct indicator of current value. A professional appraisal or comparative market analysis is recommended.
3. The assessed value seems low relative to the home's size. Why?
While the living area is above average, the assessed value ranks lower. This can sometimes reflect the home's older age, specific condition, or the municipality's valuation model which considers multiple factors. It does not necessarily predict the market sale price.
4. What are the implications of a 1928 build date?
A home of this age offers classic construction and charm but warrants a thorough inspection. Potential buyers should budget for updates to older mechanical systems, windows, or insulation to meet modern efficiency standards, while also appreciating the durable materials often found in homes of this era.
5. How does the detached garage access and condition affect usability?
The listing confirms a detached garage but does not detail its size, condition, or access (e.g., lane access). This is an important point for parking, storage, or workshop needs, and should be investigated during a viewing.