361 Belmont Avenue

Property Overview: 361 Belmont Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, updated one-storey home in Winnipeg's Jefferson neighbourhood, built in 1946. With 842 sqft of living space and a renovated basement, it offers a practical and efficient layout. The property sits on a 3,787 sqft lot and includes a detached garage.

Its primary appeal lies in being a well-positioned, manageable entry point into the housing market. The home is competitively sized for its immediate area and street, where it ranks around average for living space, lot size, and value. This suggests it fits comfortably within the established character of Belmont Avenue. The renovated basement adds functional living space, a key update for a home of this era.

This property would suit first-time buyers or downsizers seeking a low-maintenance home without a major renovation project. It’s also a pragmatic choice for investors looking for a stable rental property in a neighbourhood of similar, consistent homes. A thoughtful perspective is that its "average" metrics on the street are a strength, not a drawback—it indicates a lower risk of being over-improved or incongruent with the area, which can be important for long-term value retention.

Frequently Asked Questions

1. How does this home compare to others in Winnipeg?
City-wide, this home is below average in size, lot dimensions, and assessed value. This highlights its role as an affordable, entry-level option within the broader Winnipeg market, appealing to those priced out of larger, newer properties.

2. What does the assessed value indicate?
The assessed value of $230k is below the averages for both the Jefferson area and the city. It's important to note this is a value for taxation purposes; the market sale price can differ based on condition, updates, and market trends.

3. Is the living space sufficient?
At 842 sqft, the living area is typical for Belmont Avenue but compact by modern standards. The renovated basement effectively expands the usable space, making it suitable for individuals, couples, or small families comfortable with efficient living.

4. What is the significance of the lot size?
The lot is just under 3,800 sqft, which is standard for the street but smaller than many in the city. This means less yard maintenance—a plus for some—but may limit expansion possibilities or outdoor recreation space compared to larger lots.

5. Where can I find the exact historical sale prices?
The listed sale price ranges are based on public data. The exact sold price history is available by request via email from the listing source, which provides the accurate figures manually.