Property Overview & Appeal
This one-storey home at 479 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a solid, renovated living space on a generous lot. Its key characteristics include 1,134 sqft of living area, a renovated basement, a detached garage, and a notably large 4,878 sqft lot for the area. Built in 1954, the home is newer than many in its immediate vicinity.
The appeal lies in its above-average positioning within its local context. Compared to other homes on Belmont Avenue and in the Jefferson area, it ranks consistently well for living space, lot size, and year built, offering more modern and spacious accommodations than the neighbourhood average. The renovated basement adds immediate functional living space without the need for a project. The large lot is a significant asset, providing ample outdoor space and potential for gardening, expansion, or simply more privacy than typical area properties.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout with move-in-ready updates. It’s also a practical choice for value-conscious buyers seeking a property that stands out positively against its direct neighbours in terms of space and condition, without the premium of a brand-new build.
Frequently Asked Questions
1. How does this home actually compare to others nearby?
The data shows this property consistently outperforms averages on its own street and in the Jefferson area. For example, its living area is in the top 16% on Belmont Avenue, and its lot size is in the top 18%. This suggests you're getting a more spacious and newer home (1954) than is typical for this specific location.
2. What does the assessed value tell me?
The assessed value of $30,300k is a municipal figure for tax purposes and is not a market price. Its ranking (top 27% on the street) indicates the city assesses it as more valuable than most comparable homes nearby, which can be a positive signal, but market conditions ultimately determine sale price.
3. Is the basement renovation a full legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation to understand its legal status and potential for rental income.
4. What is the significance of the large lot size?
At nearly 5,000 sqft, the lot is a standout feature. In established neighbourhoods, larger lots offer more outdoor space, better potential for additions or landscaping, and often contribute to long-term value as they become increasingly rare.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are estimates from public data. The seller provides a service to obtain the exact sale price history by email request, which they fulfill manually without using the contact for unsolicited marketing.