Property Overview: 453 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, situated on a notably generous lot in the Jefferson neighbourhood. Its primary appeal lies in the balance between its modest, renovated living space and its substantial, above-average land area for the immediate street. With 735 sqft of living space, the home itself is smaller than most in the area, but its nearly 5,000 sqft lot offers valuable outdoor space and future potential. The detached garage and renovated basement add practical utility.
The property suits buyers looking for an affordable entry into homeownership with a focus on land value over square footage. It’s ideal for a minimalist, a first-time buyer comfortable with a cozy footprint, or an investor who sees value in the lot size for future expansion or redevelopment. Its assessed value is stable and average for Belmont Avenue, suggesting it’s a grounded, no-frills option in a mature neighbourhood. A thoughtful perspective is that this home represents a "land bank" opportunity—the value is disproportionately in the property itself, offering a different kind of security than a larger, newer house on a standard lot.
Frequently Asked Questions
1. Is the house too small for modern living?
At 735 sqft, it is significantly smaller than the Winnipeg average. It would suit individuals, couples, or those comfortable with efficient, minimalist living. The renovated basement provides crucial additional flexible space.
2. What does the "above-average" lot size mean practically?
With a lot size ranking in the top 16% on its own street, you have more outdoor space than most neighbours. This allows for larger gardens, recreational space, or future projects like a shed, deck, or even an addition (subject to zoning).
3. As a 1917 home, what should I be concerned about?
While the basement has been renovated, the core structure is over a century old. A thorough inspection is essential to understand the condition of foundational elements, the roof, wiring, and plumbing, which may need updating despite recent renovations.
4. How does the assessed value compare to likely selling price?
The assessed value is a municipal figure for tax purposes and is often lower than market value. The last recorded sale was between $20.5k-$23.5k in 2021. Current market conditions will determine the price, but the assessed value indicates it’s a lower-tier property in the city’s valuation system.
5. What is the neighbourhood like?
Jefferson is an established, no-frills residential area. The home’s metrics show it is typically smaller, older, and more modestly valued than both the neighbourhood and city averages, indicating a pocket of affordability within Winnipeg.