Property Overview
Key Characteristics & Appeal
This one-and-three-quarter storey home at 248 Belmont Avenue in Winnipeg's Jefferson neighbourhood is a practical, no-frills property built in 1917. Its key features include a renovated basement, a detached garage, and 1,100 square feet of living space, which is notably above average for Belmont Avenue itself. The lot is a manageable 3,748 square feet.
The primary appeal lies in its value and simplicity. With a relatively low assessed value, it presents an accessible entry point into homeownership. Its above-average living area for the immediate street suggests a comfortable amount of space for the price. The renovated basement adds functional, modernized space. This home would suit first-time buyers, investors, or downsizers seeking a straightforward, low-maintenance property without major renovations. A less obvious perspective is that its age and established location in a long-standing neighbourhood often come with mature trees and a settled community feel that newer subdivisions lack, though this also implies a need for attention to potential upkeep associated with a century-old structure.
Frequently Asked Questions
1. Is the living space actually comfortable for a family?
While the 1,100 sqft living area is efficient, the home's one-and-three-quarter storey design often means bedrooms are on a smaller, cozier upper floor. It's well-suited for a small family, a couple, or an individual who values main-floor living space.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's market position relative to its specific location, age, and characteristics. In the Jefferson area and for homes of this vintage, values are typically lower than the Winnipeg city-wide average, which includes many newer, larger homes in different market segments.
3. What does "renovated basement" typically mean for a house of this age?
It usually indicates functional improvements like updated flooring, lighting, and drywall, making the space livable or usable for storage and utilities. Buyers should still inquire about the specifics of the renovation, including moisture control and ceiling height, which are common considerations in older homes.
4. How does the detached garage impact winter use?
A detached garage offers valuable storage and parking but requires going outside in all weather. For some, this is a minor inconvenience; for others, it's a significant factor compared to an attached garage. It also provides flexibility for a workshop or project space separate from the house.
5. The home is over 100 years old. What should I be most concerned about?
Prospective buyers should prioritize a thorough inspection focusing on the foundational integrity, the age and condition of major systems (like plumbing and electrical, which may have been updated over time), and the roof. The charm of an older home comes with the responsibility of maintaining its unique, aged structure.