Property Overview: 321 Belmont Avenue, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home on Belmont Avenue in the Jefferson area presents a compelling blend of space, modernity, and value within its immediate community. Its primary appeal lies in its significant above-average living space (1,383 sq ft) and a recently renovated basement, offering more functional room than most comparable homes in the neighbourhood and on the street. Built in 1983, it is a notably newer construction compared to many area homes, which often date back to the late 1940s. This suggests potentially fewer concerns with aging major systems and a layout that aligns with more contemporary living standards.

The property stands out locally with an elite-tier assessed value, indicating it is officially valued among the top properties in Jefferson. This, combined with its generous lot size for the street, offers a solid foundation of intrinsic value. The detached garage adds practical utility. It’s an ideal fit for buyers seeking a move-in ready, spacious bungalow in a mature neighbourhood, who prioritize more modern construction without sacrificing lot size. It particularly suits those who value a home that outperforms its immediate peers in key metrics like size and age, offering a premium position within a specific, established locale.

Frequently Asked Questions

1. Why is the assessed value so high compared to nearby areas?
The assessed value is in the top 2% for both Belmont Avenue and the wider Jefferson area, reflecting its combination of larger living area, newer construction, and renovated basement compared to local peers. This high relative assessment is specific to its immediate context and does not directly translate to city-wide comparisons.

2. How does the living area compare to an average Winnipeg home?
At 1,383 sq ft, the living area is slightly above the city-wide average. Its true distinction is at the neighbourhood and street level, where it ranks in the top 2-9%, offering significantly more space than many nearby homes.

3. What does the sale history indicate?
The most recent sale in late 2024 closed in a range consistent with its elite local assessed value. This suggests the market recently validated its premium positioning within Jefferson, with the sale price aligning with its status as a top-tier property for the area.

4. Is the lot size a major feature?
The lot is above average for Belmont Avenue, providing good outdoor space for the street. It is around average when compared to the entire Jefferson area and the city, so its appeal is more about local advantage than being an exceptionally large parcel.

5. Given it's newer, are there any potential trade-offs?
While newer construction is a benefit, it also means the home was built during a different era of design and materials than the classic character homes in the area. Buyers should consider if the architectural style and layout meet their preferences compared to older, possibly more traditional, area homes.