Property Overview: 335 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a standard-sized lot in the Jefferson area. Its primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. With a living area of 696 sq ft, it is notably smaller than most area homes, which suggests a lower price point and minimal upkeep. The property features a detached garage and an unrenovated basement, presenting a straightforward canvas.
The home would suit first-time buyers or investors seeking a low-cost holding with renovation potential. Its assessed value is modest and ranks as average for its immediate street, indicating it's priced in line with its direct neighborhood context rather than the broader city market. A thoughtful perspective is that its smaller size and unrenovated state could be an advantage for those wishing to customize without the burden of removing recent, but potentially undesirable, finishes. It represents a practical choice for someone prioritizing location and lot ownership over move-in-ready space.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 696 sq ft, the living area is below average for Belmont Avenue, the Jefferson area, and Winnipeg overall. This typically correlates with a lower purchase price.
2. What is the significance of the assessed value?
The assessed value of $24,800 is around average for Belmont Avenue but below average for the wider city. This is a municipal valuation for tax purposes; the sale price is determined by the market.
3. Is the basement finished?
No, the basement is noted as being unrenovated, offering potential for future development or simple utility storage.
4. What can the past sale price tell me?
The home sold in September 2021 for an estimated range of $17.5k to $20.5k. This historical data provides context for market trends and the property's price trajectory.
5. How does the lot size affect the property?
The 3,282 sq ft lot is around average for the street but smaller than many in the city. It provides adequate outdoor space for a home of this size without excessive maintenance demands.