Property Overview & Key Characteristics
This 840 sqft, one-storey home on Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, value-oriented opportunity. Built in 1922, its key appeal lies in its position as a modest, functional property in an established area. The home features a detached garage and a full, unrenovated basement, offering potential for future expansion or storage. With a living area and lot size (3,282 sqft) that are around average for Belmont Avenue itself, the property fits comfortably within its immediate streetscape.
Its primary draw is affordability, as the assessed value sits notably below average for the street, neighbourhood, and city. This creates an accessible entry point into homeownership. The home would suit a first-time buyer comfortable with a property that may require updates over time, or an investor looking for a practical rental property. It offers a chance to live in a mature neighbourhood without a premium price tag, where the value is in the land and location more than in high-end finishes.
Frequently Asked Questions
1. What does the assessed value tell me about the potential price?
The assessed value is significantly below averages for the area, which typically indicates a lower market price point. It reflects the home's age, smaller size, and likely condition, suggesting it's priced for buyers prioritizing budget over move-in-ready perfection.
2. How does the unrenovated basement affect the property?
The basement provides valuable extra space for storage, utilities, or future development. Its "unrenovated" state means it's functional but not a finished living area, which is factored into the price. It represents both a current limitation and a clear opportunity for added value down the line.
3. Is the lot size a pro or a con?
At just over 3,200 sqft, the lot is smaller than many in Winnipeg but is fairly typical for Belmont Avenue. It provides adequate outdoor space for a garden or patio with manageable upkeep, which can be a positive for those seeking a lower-maintenance yard.
4. The home sold in 2022. Why is the exact price not shown?
Exact sold prices are not always publicly available in Manitoba. The range provided (15.50k ~ 18.50k) is based on available data. You can request the precise figure via email from the site, which manually retrieves it from non-public sources.
5. What's the significance of the home's rankings (e.g., "Top 52% for Living Area")?
These rankings compare this home to specific groups of "comparable homes." For example, being in the "Top 52%" for living area on Belmont Avenue means its size is slightly above the middle of the pack for similar homes on that street. It's a useful, contextual gauge of how the property measures up within its most relevant peer groups.