421 Belmont Avenue

Property Overview: 421 Belmont Avenue, Winnipeg

Key Characteristics & Appeal

This well-maintained one-storey home on Belmont Avenue in the Jefferson neighbourhood offers a practical and value-conscious opportunity. Its primary appeal lies in its strong standing within its immediate area. The 1,223 sqft living space is notably above average for both the street and Jefferson, providing more room than many neighbouring homes. A key feature is the renovated basement, adding functional living space. The detached garage and a generous 4,970 sqft lot offer flexibility and outdoor potential.

The home’s assessed value is in the elite top 5% for its local context, which is a significant point for buyers focused on long-term value and stability within an established community. Built in 1958, it is a newer construction compared to many homes on the street, potentially suggesting fewer immediate concerns with aging infrastructure.

This property would suit first-time buyers or downsizers looking for a move-in-ready, single-level layout in a no-fuss neighbourhood. It’s also a sensible fit for value-driven investors or homeowners who prioritize above-average interior space and lot size for the area over a more central city location. A thoughtful perspective is that this home represents a "big fish in a small pond" – its metrics are strongest when compared to its direct neighbours, offering a relative premium in a modest setting.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home last sold in late 2021 for an estimated $37.5k-$40.5k, which was in the top 4% for the street at that time. The current assessed value of $36.4k continues this trend, ranking in the top 5% locally, indicating consistent, high relative value for the area.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the renovation (e.g., cosmetic updates, structural, moisture management) to understand its condition and utility.

3. Is the lot size a advantage?
At nearly 5,000 sqft, the lot is above average for Belmont Avenue and Jefferson. This provides more private outdoor space than many nearby properties, allowing for gardening, expansion, or adding amenities like a shed or patio.

4. How does this home rank city-wide?
While its size and value are standout features locally, its metrics are closer to the Winnipeg average when compared city-wide. This highlights that its primary appeal is the superior value and space it offers within the Jefferson neighbourhood context.

5. What is the neighbourhood like?
Located in Jefferson, it's an established, no-frills residential area. The proximity to similar-valued homes on streets like Cathcart and Elmhurst Road suggests a consistent, stable property environment. The very short distances to neighbouring houses (14-35 meters) are typical for the area and indicate a close-knit street layout.