Property Overview: 294 Belvidere Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Deer Lodge is a classic, no-frills property built in 1921. With 921 square feet of living space and a detached garage, it sits on a 4,800 sqft lot. The data indicates it is a more compact and older home compared to most in its immediate area and across Winnipeg. Its assessed value is notably below the citywide average.
The primary appeal lies in its position as an affordable entry point into the established Deer Lodge neighbourhood. It suits first-time buyers, investors, or downsizers seeking a lower-cost property with renovation potential. The "below average" metrics across size and assessed value suggest an opportunity for a buyer willing to invest sweat equity or live modestly in a mature community. A thoughtful perspective is that its smaller scale and lot size could mean lower utility costs and less maintenance, offering a simpler, more manageable lifestyle. The unrenovated basement presents a clear project but also a blank canvas for future living or storage space.
Frequently Asked Questions
1. Is this a "fixer-upper"?
Yes, the listing notes the basement is not renovated, and the home's age suggests that major systems (like plumbing, electrical, or the roof) may require inspection and potential updating.
2. How does the assessed value relate to the likely sale price?
The assessed value for taxation ($29,700) is significantly lower than its last recorded sale price in 2020 ($250,000). Sale price is determined by the market, not municipal assessment, so expect the listing price to be guided by recent comparable sales in the area.
3. What are the pros and cons of a home this old?
Pros include potential for character and a well-established neighbourhood. Cons typically involve the need for more vigilant maintenance, potential for outdated materials (like knob-and-tube wiring or original plumbing), and higher heating costs if insulation hasn't been upgraded.
4. The home is smaller than area averages. What does that mean practically?
With living area below average for the street and neighbourhood, the floor plan will be compact. This emphasizes efficient use of space and may not suit those needing multiple bedrooms or dedicated work-from-home areas without utilizing the basement.
5. What is the neighbourhood like?
Deer Lodge is a long-established residential area in Winnipeg. It offers a sense of community and stability. Prospective buyers should visit at different times to gauge traffic, noise, and overall atmosphere to see if it aligns with their lifestyle.