127 Bellemer Drive

Property Summary: 127 Bellemer Drive, Richmond Lakes, Winnipeg

Key Characteristics & Appeal

This bi-level home at 127 Bellemer Drive is a standout property in the Richmond Lakes neighbourhood, built in 1989. Its primary appeal lies in a combination of above-average space, a premium lot, and strong value metrics within its community. The home features 1,348 sqft of living space and sits on a large 8,491 sqft lot, ranking in the top tier for land size on its street and in the wider area. A key feature is the renovated basement, adding functional living space. The property’s assessed value and recent sold price consistently rank in the top 4-5% of its immediate street and the top 1% of the neighbourhood, suggesting it is perceived as a higher-value home in its locale.

This home would suit buyers looking for an established, spacious property in a mature neighbourhood without sacrificing a sense of premium positioning. It’s ideal for those who value a large yard and appreciate a home that compares favourably in size and value to its direct neighbours. The renovated basement adds flexibility for growing families, home offices, or recreational space. A thoughtful perspective is that while the home itself is from the late 1980s, its standout lot size and strong value rankings offer a solid foundation for both comfortable living and long-term investment in a well-regarded area.

Frequently Asked Questions

1. How does this home compare to others in Richmond Lakes?
Based on the provided data, this home ranks exceptionally well within its neighbourhood. It is in the top 5% for lot size, top 1% for assessed value, and its recent sold price was in the top tier. This indicates it is considered a premium property compared to most homes in Richmond Lakes.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the listing agent, as it could range from updated finishes to a fully developed legal suite or additional bedrooms.

3. Is the sold price from December 2024 the current asking price?
No. The sold price of $53.60k from December 2024 is a historical data point showing what the property last transacted for. The current asking price would be listed separately and may be different.

4. The home was built in 1989. What should I consider?
A home of this age is likely to have mature landscaping and established infrastructure. While it has a renovated basement, a prospective buyer should pay attention to the condition of major systems (roof, windows, HVAC) common to homes built in that era, as they may be nearing or past their typical lifespan.

5. The assessed value is significantly lower than the recent sold price. Why?
This is common. A municipal assessed value ($48.60k here) is for tax purposes and often lags behind the current market. The recent sold price ($53.60k) is a more accurate reflection of its market value at that time, influenced by factors like renovations, market conditions, and buyer demand.