Property Overview: 253 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home at 253 Belmont Avenue in the Jefferson neighbourhood stands out for its modern age and efficient use of space. Built in 2017, it is a notably newer construction compared to most homes on its street and across Winnipeg, offering contemporary building standards and minimal immediate maintenance concerns. With 1,301 sqft of living space, it provides ample room and ranks well above average for size within its immediate area. The property includes a basement, though it is noted as not renovated.
The primary appeal lies in its modern foundation within an established neighbourhood. Buyers receive a relatively new home without the premium often associated with brand-new subdivisions, and they benefit from mature community infrastructure. The assessed value of $340k reflects its strong standing locally. However, the land area is compact at 2,084 sqft, meaning outdoor space is limited and the property is best suited for those who prioritize the home itself over yard size.
This property would ideally suit first-time buyers or downsizers seeking a low-maintenance, modern home in a settled area. It’s also a practical choice for investors or occupants who value newer mechanical systems and building envelopes, and who are comfortable with a smaller lot in exchange for a more recent build.
Frequently Asked Questions
1. What does "basement, not renovated" mean?
It indicates the home has a basement, but it remains in its original, unfinished state as built in 2017. It provides valuable storage or utility space but would require investment to become a finished living area.
2. How does the compact lot size affect daily living?
The smaller land area means minimal yard maintenance, which can be a benefit for busy individuals. However, it may limit options for additions, extensive gardening, or outdoor recreation space directly at home. Privacy from neighbours could also be closer than on larger lots.
3. The home sold for much less in 2016. Why is the value so different now?
The 2016 sale price (approx. $25.5k-$28.5k) likely reflects the purchase of the vacant building lot prior to construction. The current assessed value of $340k represents the completed home, illustrating the value added by the 2017 build.
4. Is the assessed value a reliable indicator of market price?
The assessed value is for municipal tax purposes and is a useful benchmark, showing the home is valued above average in its locale. However, the actual market price is determined by current buyer demand, recent comparable sales, and property condition, which may differ.
5. What are the less obvious pros and cons of a 2017 build in an older area?
A significant advantage is modern energy efficiency and building codes, potentially leading to lower utility costs. A less obvious consideration is that the architectural style and footprint may differ from surrounding older homes, which can affect streetscape cohesion but also offer modern interior layouts.