Property Overview
This one-and-a-half storey home at 264 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, value-oriented opportunity. Built in 1914, it features 900 sqft of living space, an unrenovated basement, and sits on a 3,282 sqft lot. The home has no garage or pool. Recent sales data shows transactions in 2021 and 2023, with an assessed value significantly below city-wide averages.
Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and its position as a functional entry point into the housing market. With a living area that is typical for its immediate street and neighbourhood, it represents a modestly-sized, no-frills home. Its assessed value is notably lower than most comparable homes on its street, in Jefferson, and across Winnipeg, suggesting a potentially lower property tax burden and an accessible price point.
This home would suit a pragmatic, hands-on buyer. It's a candidate for a first-time purchaser comfortable with a home that may require updates over time, or an investor looking for a straightforward rental property. Its unrenovated basement offers flexibility for future development, subject to permits and investment. A less obvious perspective is that its age and established location often come with larger mature trees and a settled streetscape, which some buyers value over newer subdivisions. However, this also implies a responsibility for potential maintenance inherent to older structures.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on market trends and property characteristics. This home's smaller size, age, and specific location within the city contribute to an assessment that reflects its value relative to similar properties in its immediate area, not the broader Winnipeg market which includes newer and larger homes.
2. What does "unrenovated basement" typically imply?
This usually indicates the basement is in a functional, utilitarian state. It likely has foundational finishes (e.g., concrete floor, exposed ceiling joists) and is suitable for storage or basic laundry facilities, but would require significant investment to be finished as living space.
3. How should I interpret the sold price ranges shown?
The ranges are estimates based on publicly available data. To get the exact historical sale price, you must request it via the provided email service. This step ensures accuracy for serious buyers or researchers.
4. What are the considerations with a home built in 1914?
While offering classic charm, a home of this age may have outdated electrical, plumbing, or insulation systems. A thorough inspection is essential to understand the condition and plan for any necessary updates or repairs, which can be a factor in its affordability.
5. The home has no garage. What are the parking options?
Buyers should verify on-site parking arrangements directly, such as the possibility of a driveway or rear laneway access. In many older neighbourhoods, street parking is common, but checking local permit requirements or restrictions is advisable.