Property Overview: 482 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This well-positioned one-storey home in Jefferson presents a solid, grounded opportunity. Its primary appeal lies in offering above-average space and value within its immediate neighborhood context. With 1,063 sqft of living area, it ranks in the top 26% for size on Belmont Avenue, providing more room than many nearby homes. The renovated basement adds functional, modernized space. A key, less obvious asset is the generous 4,980 sqft lot, which places it in the top 11% on its street for land area, offering valuable outdoor space and potential in a city where lot sizes are often smaller.
The home suits practical buyers looking for a move-in-ready foundation with room to grow. It’s ideal for first-time homeowners seeking a step above a starter home in terms of interior and land size, or for downsizers who want single-level living without sacrificing yard space. Its assessed value of $310k ranks above average for both the street and the Jefferson area, suggesting a perception of solid worth. Built in 1954, it is newer than many neighboring houses, which may imply fewer immediate concerns with aging infrastructure. The lack of a garage is a trade-off for the larger lot.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on public data, it last sold in February 2021 for an estimated range of $255k-$285k. Its current assessed value of $310k is above average for the local area, indicating a rise in valuation.
2. What does "above average for the street" really mean for living here?
It means that compared to most homes directly on Belmont Avenue, you’re getting more living space, a larger lot, and a newer build. This can offer a sense of relative value and comfort within the familiar setting of the neighborhood.
3. Is the lack of a garage a significant drawback?
That depends on your lifestyle. The property compensates with a very large lot (nearly 5,000 sqft), which provides ample space for parking, a future garage, sheds, or landscaping. For some, this trade-off offers more long-term flexibility.
4. What is the significance of the renovated basement?
A renovated basement in a 1954 home adds immediate, functional living space without the need for a project. It effectively increases the usable square footage, making the home feel larger than its main-floor footprint suggests.
5. Who typically buys in this area?
Jefferson attracts a mix of first-time homebuyers, young families, and long-term residents. This particular property, with its single-level layout and manageable size, could appeal to both young buyers and those looking to downsize while staying in the community.