Property Overview: 326 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a standard city lot in the Jefferson area. Its key characteristic is its modest scale, with a living area of 596 sq ft, which is notably smaller than most homes on its street, in the neighborhood, and across Winnipeg. The property includes a detached garage and an unrenovated basement. The assessed value is significantly below average, reflecting its size and condition.
The primary appeal lies in its position as an entry-point property or a strategic investment. It suits buyers seeking the lowest possible price point to enter the Winnipeg market, or investors looking for a rental property with very low property tax overhead due to its low assessment. It could also appeal to someone valuing a manageable, minimal-maintenance footprint. A less obvious perspective is that its consistent below-average rankings across metrics present a clear, unvarnished value proposition—there are no premium features to pay for, which simplifies the buying decision for the right person. The lot size is relatively average for the immediate street, offering potential for expansion or outdoor space that the home itself does not provide.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based primarily on the home's very small size (596 sq ft), its age, and the fact that the basement is unrenovated. It reflects the property's current state and market position rather than an arbitrary figure.
2. What does "Top 94%" for Living Area mean?
This statistic means that 94% of homes on Belmont Avenue are larger than this one. It's a quantitative way of showing that this is one of the smallest houses on the street.
3. Is there potential to expand or add onto the home?
Given the home's small footprint and the average-sized lot for the street (3,282 sq ft), there may be physical space for an addition or significant renovation, subject to local zoning bylaws and building codes.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold prices, you must request them via email. The service is manual, with a promise of same-day response and no unsolicited marketing.
5. Who would this property not be suitable for?
It would likely not suit a growing family needing multiple bedrooms and more living space, or a buyer seeking a move-in-ready home without immediate renovation plans, especially for the basement. Those prioritizing resale value from modern finishes and square footage may also want to look elsewhere.