Property Overview: 338 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home in the Jefferson neighborhood presents a compelling blend of space, value, and modern updates. Its 1,045 sqft living area is notably above average for Belmont Avenue, offering more interior room than most immediate neighbors. A key feature is the renovated basement, which adds significant functional space. The home’s assessed value ranks highly within both the street and the wider Jefferson area, suggesting it is perceived as a solid asset relative to its peers. Built in 1978, it is a much newer construction than most homes in the vicinity, which often translates to fewer concerns over aging core systems.
The appeal lies in its balanced offering: it’s a move-in ready property with modernized living space, situated on a standard city lot. It suits first-time buyers seeking a manageable, updated home without a premium price tag, or practical investors looking for a property with strong fundamentals in a stable neighborhood. A thoughtful perspective is that while the lot size is smaller than the Winnipeg average, this can mean less maintenance—a perk for busy professionals or those looking to downsize without sacrificing interior comfort.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is in the top 10% for the Jefferson area and top 8% on its own street, indicating it is considered a higher-value property in its immediate context compared to older or smaller homes nearby.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific finishes and legal status (e.g., if it includes a separate suite) are not detailed. This would be a key point to clarify with the seller or listing agent.
3. Is the detached garage included?
Yes, the property includes a detached garage, which provides secure parking and additional storage.
4. How does the living space compare to typical Winnipeg homes?
At 1,045 sqft, the living area is close to the Winnipeg city-wide average. However, it is significantly larger than the average home on Belmont Avenue, meaning you get more interior space than most of the direct neighbors.
5. Why is the year built (1978) considered an advantage?
In this context, it’s a relative advantage. Most homes on Belmont Avenue and in Jefferson were built around 1947-1948. A 1978 build likely incorporates newer construction materials, electrical, and plumbing standards, potentially reducing immediate repair needs common in much older homes.