Property Overview: 260 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Belmont Avenue in the Jefferson neighbourhood presents a straightforward, entry-level opportunity. Built in 1929, its 888 sqft living area is quite typical for similar homes on its street but is modest by wider city standards. The property’s standout characteristic is its very low assessed value, which is significantly below averages for the street, neighbourhood, and city. This indicates a potentially lower property tax burden and a accessible price point.
The appeal lies in its simplicity and affordability. It features a basement (unrenovated) and sits on a manageable 2,884 sqft lot. It suits first-time buyers seeking a functional starter home with lower ongoing costs, or investors looking for a rental property with a low acquisition cost. A thoughtful perspective is that while the home ranks below average in most metrics city-wide, it fits the local context of Belmont Avenue quite closely in terms of size and age, suggesting it’s a characteristic home for the immediate area rather than an outlier. Its recent sale history shows appreciation, pointing to a stable, if humble, market position.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is not market value; it's used for calculating property taxes. This assessment reflects the home’s modest size, age, and likely its condition and features relative to the broader spectrum of homes across Winnipeg, which includes many larger, newer properties.
2. What does "Top 48%" for Living Area on the street mean?
It means this home’s living area is larger than 48% of similar properties on Belmont Avenue. Essentially, its size is just below the middle of the pack for its immediate vicinity, making it a fairly typical footprint for the street.
3. Is the unrenovated basement finished or usable?
The details specify the basement is "not renovated." This typically means it is unfinished—likely with concrete floors and walls, housing utilities—and would require work to become livable space.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold prices, you must request them via email. The service provides the precise figures manually and does not use your email for unsolicited marketing.
5. The home sold recently in 2024; what might this indicate?
A recent sale can indicate a few things: a quick turnover by an investor, a homeowner’s changed circumstances, or a property that is easily transacted due to its clear, affordable profile. Reviewing the exact sold price when available is crucial to understanding its current market trajectory.