284 Belmont Avenue

Property Overview

284 Belmont Avenue is a compact, one-storey home built in 1922, situated on a standard-sized lot in Winnipeg's Jefferson neighbourhood. Its key appeal lies in being an affordable, no-frills entry point into homeownership. The 740 sqft living area is modest, ranking below average for size both locally and city-wide, but the home features a renovated basement, adding functional space. With a detached garage and a relatively low assessed value, it represents a practical opportunity rather than a luxury purchase.

This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, manageable asset. Its below-average metrics across size, year built, and value suggest it’s for those prioritizing budget and location over space or modern features. A thoughtful perspective is that a smaller, older home like this can offer lower utility costs and less maintenance than a larger property, while the renovated basement provides immediate utility without a major project. It’s a home for pragmatic living, not for those seeking ample room or contemporary layouts.

Frequently Asked Questions

What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be verified during a viewing to understand the quality and useable nature of the space.

How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The sold price history from 2020 shows a range of $14.5k–$17.5k, but current market conditions will determine the final sale price.

Is the home's smaller size a significant drawback?
It depends on your needs. At 740 sqft, it is notably smaller than the area average. This makes it efficient and affordable to maintain but requires thoughtful space planning. It may not suit a growing family.

What are the implications of the home's age (built 1922)?
While the basement has been updated, the core structure is over 100 years old. Prospective buyers should pay particular attention to the condition of major systems like wiring, plumbing, and the foundation during an inspection.

How does this property compare to others on Belmont Avenue?
The data shows this home is generally below or around average for the street in key metrics like living area and year built. This suggests it is a typical, perhaps slightly more compact, example of homes on the street, not an outlier.