Property Overview: 223 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home on a standard city lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with 690 square feet of living space, which is smaller than most homes on its street, in the area, and across Winnipeg. Built in 1902, it is notably older than the vast majority of comparable properties. The home features a detached garage and a basement that is present but not renovated.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. The assessed value is significantly below area and city averages, suggesting a lower property tax burden and an opportunity for buyers with a limited budget. It suits a very specific buyer: someone seeking a minimal footprint, perhaps a first-time buyer comfortable with a project, an investor looking for a rental property with fundamentals, or someone interested in the potential of the land itself. Its age and condition mean it appeals to those with realistic expectations about maintenance or renovation needs, rather than those seeking a move-in-ready home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, older age, and likely its condition compared to the broader market. It is in line with values for similar modest, older homes in its immediate area.
2. What does "below average" for Year Built mean?
This home was built in 1902, making it older than 100% of comparable homes on its street and in Jefferson, and older than 99% city-wide. It is a historic property in terms of its construction date, which should be factored into inspection and maintenance planning.
3. Is the sold price history provided the exact price?
No, the prices shown are estimated ranges from public data. You can request the exact sold price history by providing your email, which will be used solely to send that information with no marketing follow-up.
4. Who would this property be a good fit for?
It is best suited for a budget-conscious buyer who prioritizes location and land ownership over living space, and who is prepared for the upkeep of a century-old home. It could also be a strategic purchase for an investor or someone with long-term redevelopment plans for the lot.
5. How does the land size compare?
At just under 2,500 square feet, the lot is smaller than most in the area but is a standard city lot for its neighbourhood. It offers outdoor space but not an unusually large yard.