Property Overview

This two-storey home at 402 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a distinct profile. Its primary appeal lies in being a modern, above-average residence within a context of much older, more modest homes. Built in 2021, it is essentially new construction for the area, offering move-in readiness with a renovated basement. The 1,356 sqft living space is notably larger than most local comparables. However, this modern size and finish come on a compact, city-style lot that is smaller than nearly all surrounding properties. The assessed value of $420k reflects this premium, placing it in the top tier for the immediate area. It suits a buyer seeking a modern, low-maintenance home without leaving the established Jefferson community, and who prioritizes interior space and contemporary amenities over a large yard.

Key Details & FAQs

Key Characteristics & Appeal

• A Modern Home in an Established Area: Built in 2021, this house is a generation newer than almost every home on its street and in Jefferson. This means modern building standards, energy efficiency, and minimal immediate repair needs.
• Space Versus Land: The home's standout feature is its generous 1,356 sqft of living area, which ranks in the top 10% for the neighbourhood. The trade-off is a compact 2,437 sqft lot, which is smaller than nearly all nearby properties. The appeal is in the interior space, not the outdoor footprint.
• Value Context: With an assessed value of $420k, this property is valued significantly higher than the neighbourhood average. It caters to buyers looking for a premium, turn-key product in Jefferson, rather than a renovation project.
• Ideal Buyer: This home is best suited for professionals, small families, or downsizers who want a modern, spacious interior with a renovated basement and prefer a low-maintenance lot. It's less ideal for those wanting extensive gardens, outdoor space, or who are sensitive to price-per-square-foot comparisons with older homes on larger lots.

Frequently Asked Questions

1. Is the $420k assessment an accurate guide to its market value?
The assessment is a strong indicator, but it's crucial to understand why it's so high relative to the area: it primarily reflects the home's new construction, size, and condition. Market value will be influenced by how buyers weigh these modern features against the home's smaller lot size.

2. What does having a "renovated basement" in a 2021 home typically mean?
Given the home's age, this likely indicates the lower level was finished as part of the original build or very shortly after, not a decades-later renovation. It suggests a modern, integrated living space rather than a retrofitted one.

3. The lot is noted as being smaller than average. How might this affect living here?
Expect a compact backyard typical of infill or newer urban homes. This means lower yard maintenance but limited private outdoor space for gardening, play, or entertaining. Privacy from neighbours may also be different compared to homes on larger, older lots.

4. The home sold in 2021 for between $38.5k and $41.5k. Is that correct?
No, that is a data display error. Those figures are implausible for a 2021 sale. The current $420k assessment is a more realistic baseline, and the exact historical sale price should be verified directly through proper channels.

5. Who might not be the right fit for this property?
Buyers seeking a traditional Winnipeg lot with mature trees and room for additions like a large garage or deck may find the lot constraining. Value-focused buyers comparing strictly by price-per-square-foot or lot size against older homes in the area may also not see the premium for modern construction as justified.