Property Summary: 442 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1946. Its key characteristic is its modest 630 sqft living area, which is notably smaller than most homes on its street, in the area, and city-wide. However, it sits on a decently-sized 4,206 sqft lot, which is above average for Belmont Avenue. The home features a renovated basement and a detached garage.
Its primary appeal lies in its affordability and efficiency, reflected in its assessed value that is very typical for its immediate street. This isn't a property for those seeking abundant interior space, but rather for a specific buyer: a first-time homeowner, an investor, or someone looking to downsize into a manageable, no-fuss footprint. The renovated basement adds functional living space, and the larger-than-street-average lot presents a tangible upside—offering valuable outdoor room or future potential that many neighbouring properties lack. It suits a practical buyer who values a lower cost of entry and sees the land as an asset, rather than someone needing a move-in-ready, spacious family home.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 630 sqft, the living area is significantly below the average for Jefferson (1,029 sqft) and Winnipeg overall (1,342 sqft). It's designed for efficient, minimalist living.
2. Why is the assessed value average for the street if the house is so small?
The assessed value considers multiple factors. While the living area is small, the property benefits from a larger-than-average lot size for Belmont Avenue and includes a renovated basement and detached garage, which contribute to its valuation being in line with neighbouring homes.
3. What does the sold price history indicate?
The home sold in 2022 for an estimated $25.5k-$28.5k and previously in 2016 for $16.5k-$19.5k. This shows a trend of increasing value and suggests it transacts within a very specific, affordable price range.
4. Who would this property not suit?
It would not suit growing families needing multiple bedrooms, people who work extensively from home and require dedicated office space, or anyone who prefers newer builds with modern open-concept layouts.
5. What is the main advantage of the lot size?
At 4,206 sqft, the lot is larger than many on the same street. This provides more private outdoor space than typical for the immediate area and could be a key factor for future expansion, gardening, or simply having a generous yard—an uncommon perk for a home at this price point.