Property Overview: 262 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Belmont Avenue in the Jefferson neighbourhood is a practical and compact property built in 1922. Its key appeal lies in its efficiency and recent updates, most notably a renovated basement that adds functional living space to the 816 sqft main floor. The home sits on a standard 3,282 sqft lot with a detached garage.
The property’s standout feature is its value positioning. While its living space is modest compared to city-wide averages, it is quite typical and competitive for its immediate street and area, often ranking near or above the local average for metrics like assessed value. This suggests a home that is well-aligned with its community context rather than standing out as unusually large or small. Its recent sale history indicates stable value.
This home would best suit first-time buyers, downsizers, or practical investors seeking an affordable entry into the Winnipeg market with immediate livability. It’s for someone who values a renovated, low-maintenance interior over expansive square footage, and who appreciates a home that is financially sensible within its established neighbourhood.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 816 sqft, the living area is very close to the average for Belmont Avenue itself (~904 sqft) and is a typical size for the Jefferson area, though it is more compact than the average Winnipeg home.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the full scope of livable space and quality.
3. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($28.10k) is a municipal figure for tax purposes and is typically far below market value. Recent sale prices (shown in a range) are a more relevant guide, but exact prices should be verified.
4. Given the age of the home, what should I be concerned about?
While the basement has been renovated, a home from 1922 may have original components elsewhere, such as wiring, plumbing, or the foundation. A thorough home inspection is essential.
5. How does the detached garage and lot size affect the property?
The lot is a standard size for the street. The detached garage offers flexibility but may be less convenient in winter. The lot provides typical outdoor space for the area but not extensive room for expansion.