Property Overview: 271 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, situated on a standard city lot in the Jefferson neighbourhood. Its key feature is a renovated basement, adding functional living space to the 657 sqft main floor. The home includes a detached garage.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area significantly below local averages, it presents a lower price threshold, making it a practical choice for budget-conscious buyers. The renovated basement is a notable value-add, effectively increasing the usable square footage without the premium of a larger above-ground footprint. It’s well-suited for first-time buyers, investors looking for a rental property, or downsizers seeking a manageable, no-frills home. A thoughtful perspective is that its smaller size and efficient layout could translate to lower utility costs and less maintenance, appealing to those prioritizing financial simplicity over space.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 657 sqft of living area, this home is smaller than most in its immediate area, the wider Jefferson neighbourhood, and across Winnipeg. This is a key factor in its likely pricing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. This detail would require clarification from the seller or a viewing to understand the quality and layout of the space.
3. Is the assessed value the same as the market value?
No. The assessed value of $23,400 is for municipal tax purposes. The market value (or selling price) is determined by current market conditions and can be significantly higher, as suggested by nearby past sale ranges.
4. What are the typical property taxes?
While not stated, property taxes would be calculated based on the assessed value of $23,400 and the City of Winnipeg's mill rate. This typically results in a relatively low annual tax bill compared to higher-assessed homes.
5. How can I find out the exact past sale prices?
The exact sold price history is not publicly displayed. As noted on the detail page, you must request this information via email from the site, which provides the data manually.