Property Overview
This one-storey home at 354 Belmont Avenue in Winnipeg's Jefferson neighbourhood presents a compact, no-frills living opportunity. Built in 1949, its key characteristics include a 720 sqft living area, a renovated basement, and a detached garage on a 3,282 sqft lot. The home's assessed value is $23,200, and it last sold in late 2024 for an estimated $24,500–$27,500.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and functional simplicity. It ranks below average in size compared to most homes in the city, but is more typical for its immediate street and area. This positions it as a potentially accessible entry point into the market. The renovated basement adds valuable functional space to the modest main floor.
It would best suit a first-time buyer, an investor, or someone seeking a minimalist footprint. The below-average taxes (reflected in the low assessed value) are a significant, practical advantage. A less obvious perspective is that its very ordinariness—being statistically average for its direct vicinity in several metrics—suggests stability and a lack of over-improvement for the area, which can be a sensible financial foundation.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
The listing confirms a renovated basement, but the condition of the main floor is not detailed. A viewing is essential to determine the level of work required.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's characteristics (size, age, type) relative to its local market. It is actually around average for Belmont Avenue itself, indicating it is priced appropriately for its specific location and offering correspondingly lower property taxes.
3. What does the "below average" ranking for living area mean practically?
With 720 sqft of living area, the home is smaller than 95% of city-wide properties. This means efficient use of space is key. It is more comparable to a large apartment or condo in size, but with the benefits of a detached home and a yard.
4. Is the lot size a limitation?
At 3,282 sqft, the lot is smaller than the city average but fairly standard for the Jefferson area. It provides adequate outdoor space for a small garden, patio, or parking without the maintenance burden of a large yard.
5. How reliable are the sold price estimates provided?
The sold price range is based on public data. For the exact historical sale price, you must request it directly via the provided email service, as this information is manually verified and supplied.