Property Overview: 369 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, single-storey home built in 1955, situated on a notably generous lot in the Jefferson neighbourhood. With 750 sqft of living space, the house itself is modest and below the citywide average in size, but it features a renovated basement, adding functional space. Its standout characteristic is the 5,420 sqft land area, which ranks in the top 3% on its street and top 23% in Jefferson, offering significant outdoor potential rarely found with homes of this scale.
The appeal lies in its efficient footprint and the value of the land. It suits a first-time buyer, an investor, or someone looking to downsize without sacrificing yard space. The renovated basement adds immediate utility, while the large lot presents long-term options for gardening, expansion, or future redevelopment. It’s a property where the land is the primary asset, offering more future flexibility than the house itself. For the right buyer, it represents an entry into homeownership with a valuable and scarce commodity: ample urban land.
Frequently Asked Questions
1. Is the price competitive for the neighbourhood?
Based on assessed value and recent sale history, the property is priced around the average for Belmont Avenue and the wider Jefferson area, making it a market-reflective listing.
2. What does a "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
3. How does the large lot size affect property taxes?
While the land area is generous, the overall assessed value—which determines taxes—is consistent with area averages. This suggests the tax burden is likely aligned with similar homes, without a disproportionate increase solely for the land.
4. What is the potential for adding an addition or garage?
The lot size certainly allows for expansion, such as building a larger detached garage or a home addition. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.
5. Are the mechanical systems (roof, furnace) original or updated?
Given the home's age (71 years), the condition and age of major systems are a critical consideration. Inquiries should be made about the roof, heating, electrical, and plumbing to gauge upcoming maintenance or replacement costs.