Property Overview
This one-and-a-half storey home at 233 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its above-average living space and generous lot size relative to its immediate area, offering more room than most comparable homes on the street and in the community.
Key Characteristics & Appeal
The home's primary strength is its scale. With 1,651 sqft of living area, it ranks in the top 2% of homes on Belmont Avenue and the top 4% within Jefferson, offering significantly more interior space than local averages. This is paired with a land area of nearly 5,000 sqft, which is in the top 9% for the street, providing ample outdoor space. The property features a detached garage and a renovated basement. Built in 1947, its age is typical for the area.
Its appeal is rooted in offering a "larger-than-average" footprint in a well-established neighbourhood. It suits buyers looking for a character home with substantial indoor and outdoor space without venturing into newer, more sprawling suburbs. It’s particularly well-matched for:
- Growing families who need the extra bedrooms and living areas that this size provides.
- Value-conscious buyers seeking a property that stands out in its local market for its generous proportions.
- Those who appreciate having a larger, private yard in an inner-city setting.
A less obvious perspective is the home’s assessed value positioning. While its size is elite for the street, its assessed value of $310k is merely "above average" locally. This disconnect could suggest potential value, but it also underscores that larger, older homes don't always command a premium price per square foot in this market, which is a key consideration for both buyers and future resale.
Frequently Asked Questions
1. How does the home’s size truly compare to the area?
It is notably larger than most. The living area is over 800 sqft bigger than the average home on Belmont Avenue and over 600 sqft bigger than the Jefferson neighbourhood average.
2. What does the sold price history indicate?
Public records show a sale in June 2022 in the $255k-$285k range. The current assessed value is $310k. This recent sale provides a concrete benchmark, but market conditions have likely evolved since.
3. Is the lot size a significant advantage?
Yes, especially on this street. The lot is approximately 30% larger than the average lot on Belmont Avenue, which is a substantial difference for gardens, play space, or additions.
4. What is the significance of the "renovated basement"?
While the detail is limited, a renovated basement in a 1947 home typically adds valuable finished living space, such as a family room, office, or extra bedroom, which contributes to the home's high square footage ranking.
5. The home is older—what should I consider?
Built in 1947, it is typical for the core neighbourhoods. Buyers should budget for maintenance consistent with a home of this age and consider the potential for older mechanical systems (like plumbing and wiring) despite the renovated basement. A thorough inspection is essential.