Property Summary: 266 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, situated on a standard-sized lot in the Jefferson neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg housing market. With 740 sqft of living space and an assessed value significantly below city averages, it represents a low-barrier opportunity for ownership. The home has a detached garage and a full, unrenovated basement offering potential.
The property suits practical, value-focused buyers. It’s a straightforward candidate for a first-time homebuyer comfortable with a project, or an investor seeking a rental property with a manageable overhead. Its below-average metrics for size and assessed value compared to its immediate area suggest it’s one of the more modest homes on Belmont Avenue, which can be an advantage for those prioritizing low property taxes and acquisition cost over modern finishes or space. The 1917 build date indicates classic construction but also implies that maintenance and system updates will be important considerations.
Frequently Asked Questions
1. What is the likely price range for this home?
Based on available data, the home last sold in September 2021 for an estimated $15.5k to $18.5k. Its current assessed value is $21,800. Any asking price would likely be influenced by these figures, along with current market conditions and the home’s state of repair.
2. What does "below average" in the rankings mean for a buyer?
The rankings show this home is smaller, older, and has a lower assessed value than most homes on its street, in Jefferson, and across Winnipeg. This isn’t necessarily negative; it directly translates to a lower cost of entry and typically lower property taxes, which is the core value proposition here.
3. Is the basement finished?
No, the basement is noted as "not renovated." It is a full basement, offering storage and potential for future development, but it should be evaluated for moisture issues and would require investment to finish.
4. What are the implications of a 1917 build date?
Homes of this age possess character but require diligent inspection. Buyers should pay close attention to the foundation, plumbing, electrical systems, and insulation, as updates may be needed or already underway. The construction materials and craftsmanship are from a different era, which can be a plus for durability but may also involve maintenance of older materials like plaster and lathe.
5. How can I find out the exact historical sold prices?
The exact sold price history is not publicly displayed in detail. The listing service offers to provide this information manually via email request, with a promise of a reply by the end of the same day and no unsolicited marketing use of your contact information.