Property Summary: 494 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood offers solid, above-average fundamentals for its immediate area. With 1,132 sqft of living space, it is notably larger than most comparable homes on Belmont Avenue. It sits on a generous 4,782 sqft lot, providing ample outdoor space that is a relative rarity for the street. A key modern update is the renovated basement, adding functional living space. The home’s assessed value consistently ranks above average for both the street and the wider Jefferson area, suggesting it is a well-regarded property in its locale.
Its primary appeal lies in being a spacious, grounded property in a mature neighbourhood. It suits practical buyers looking for a single-level layout, the potential of a finished basement, and a sizable yard without the premium of a newer subdivision. It’s a sensible choice for first-time homeowners, downsizers, or investors seeking a property with strong local fundamentals and a recent, verifiable sale history (March 2025).
A less obvious perspective is that its 1954 build year, while older, is actually newer than many homes on the street and in Jefferson, potentially meaning fewer immediate updates than peers. Its value proposition is deeply local—it shines in direct comparison to its closest neighbours rather than city-wide averages.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,132 sqft, the living area is larger than approximately 83% of similar homes on Belmont Avenue, making it a spaciously sized option for the street.
2. What is the significance of the assessed value ranking?
The assessed value ranks in the top 24% on its street and top 28% in Jefferson, indicating municipal assessment views it as a higher-value property relative to many direct comparables in the area.
3. Is the lot size a notable feature?
Yes. The lot of 4,782 sqft is in the top 20% for size on Belmont Avenue, offering more outdoor space than most neighbouring properties.
4. When was it last sold, and is the exact price available?
The home was sold in March 2025. The public data shows a sold price range. The exact, precise sale price can be requested directly from the listing source via email.
5. What are the less obvious considerations?
The home is older (built 1954) but is actually newer than the average home on its street. While it has a renovated basement, buyers should still consider the condition of core systems (roof, plumbing, electrical) typical of its age. Its value metrics are strongest within its immediate locale, not city-wide.