Property Overview: 259 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a notably generous lot in the Jefferson neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land size that is well above average for its immediate street and area—offering potential for expansion, gardening, or outdoor living that is uncommon for homes of this size. With 744 sqft of living space, it is a smaller home, ranking below average for size both locally and city-wide, which suggests efficiency and lower utility costs.
The assessed value is modest and aligns with area averages, indicating a manageable entry point into the market. The detached garage adds practical storage or workshop space. This property would suit first-time buyers, downsizers, or practical investors looking for a home with a solid foundation (the renovated basement) and a standout lot, without the upkeep of a larger house. It’s a “land-value” proposition in many ways, where the true asset may be the outdoor space rather than the interior square footage.
Frequently Asked Questions
1. Is the house too small?
At 744 sqft, the living space is compact. However, the renovated basement provides additional usable area, and the large lot offers room for a future addition or deck, which many similarly priced homes in older neighbourhoods cannot.
2. How does the lot size compare?
The lot is a key feature. At just under 5,000 sqft, it ranks in the top 13% on Belmont Avenue itself, meaning it’s significantly larger than most direct neighbours, offering more privacy and potential.
3. What is the neighbourhood like?
Jefferson is an established, no-frills neighbourhood. The home’s metrics are generally around average for the area, suggesting it’s a typical representation of the community in terms of value and age.
4. Why is the city-wide assessed value comparison so different?
The city-wide average assessed value includes all property types and newer, larger homes in more expensive areas. The more relevant comparisons are the street and neighbourhood averages, where this home’s value is typical.
5. Can I find out the exact past sale price?
Yes. The exact sold price from October 2020 is not publicly displayed in detail here but can be requested directly from the site via email, which they provide as a manual, no-spam service.