Property Overview: 432 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Belmont Avenue in the Jefferson neighbourhood presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably generous land area of nearly 5,000 sqft for the area, offering above-average outdoor space. With 1,003 sqft of living space, it is competitively sized within its immediate locale, sitting comfortably above the street average.
The appeal lies in its position as a solid, no-frills property in a established community. The renovated basement adds functional living space, while the large lot provides room for gardening, play, or future expansion—a relative rarity. It suits first-time buyers seeking an entry point into the market without major immediate renovations, or practical-minded investors looking for a manageable rental property. A thoughtful perspective is that while its citywide metrics for size and value are below average, it outperforms many direct neighbours, suggesting it represents good value within its specific, more affordable context.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sold price range of $24.5k to $27.5k from September 2016. For the precise sale history, you must request the exact figures via email from the listing source.
2. How does this home compare to others on the street?
The data indicates it ranks well among 221 homes on Belmont Avenue. It is above average for lot size and year built, and around average for both living area and assessed value, suggesting it is a competitive property on its own street.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or listing agent to understand the quality and legality of the renovations.
4. Is the assessed value a reliable indicator of market price?
The assessed value of $29.2k is for municipal tax purposes. While it provides a benchmark, market price is determined by current buyer demand and property condition. Notably, this home's assessment is around average for Jefferson, but well below the citywide average, highlighting the neighbourhood's affordability.
5. What are the implications of the larger lot size?
The nearly 4,871 sqft lot is a standout feature, ranking in the top 19% on Belmont Avenue. This not only allows for more private outdoor space but may also offer potential for additions like a shed, deck, or even a future extension, subject to local zoning bylaws.