239 Belmont Avenue

Property Overview: 239 Belmont Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, one-and-a-half storey home built in 1917, offering 830 square feet of living space on a 2,498 sqft lot in the Jefferson neighbourhood. Its key features include a detached garage and an unrenovated basement. The data presents a home that is modest in scale and value compared to its immediate area and the wider city, with both its living area and assessed value ranking below average for its street.

The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It represents a classic, no-frills property where the value is in the land and the structure's potential, rather than in recent updates or above-average size. It would suit a pragmatic first-time buyer comfortable with a project, an investor looking for a straightforward rental property, or someone seeking minimal square footage and property taxes. A thoughtful perspective is that its below-average metrics for the street could signal a relative value opportunity in a established neighbourhood, assuming one is prepared for the maintenance and updates typical of a century-old home.

Frequently Asked Questions

1. What does "below average" for assessed value actually mean?
The home's assessed value is lower than most comparable homes on Belmont Avenue and in the Jefferson area. This typically results in lower municipal property taxes, which is a practical advantage, but it also reflects the home's modest size, condition, and features relative to others.

2. Is the unrenovated basement a major concern?
It indicates the basement is in original or functional condition without major modern finishes. Buyers should budget for potential updates for moisture control, insulation, or living space conversion, and will want to investigate its current state thoroughly during a viewing and inspection.

3. Who might this property NOT be suitable for?
It would likely not suit buyers looking for a move-in-ready home with modern amenities, those who need significant space for a growing family, or anyone hesitant about the ongoing maintenance and potential upgrade costs associated with a 109-year-old house.

4. The sold price history shows a wide range. Why is that?
The listed range (e.g., $13.5k–$16.5k in 2019) is based on public data estimates. The exact sale price can vary due to property condition, market timing, and specific terms. For precise historical sale figures, you must request the data directly from the source providing this report.

5. How useful is the comparison to nearby similar-value properties?
The list of homes with the same assessed value ($20.70k) is more of an administrative footnote than a practical comparison, as it includes properties in different neighbourhoods and of different types. It's more meaningful to compare this home to others on Belmont Avenue and in Jefferson for a true sense of local value.