Property Overview: 491 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This well-positioned one-storey home at 491 Belmont Avenue in the Jefferson neighbourhood presents a solid, above-average offering within its immediate context. Its primary appeal lies in its strong local standing, offering more space and value than many neighbouring homes. With 1,118 sqft of living area and a 4,680 sqft lot, it ranks in the top 22-32% on Belmont Avenue for size, providing a sense of space that is notable for the street. The home, built in 1954, is newer than many in the Jefferson area, and its assessed value of $310k is consistently above average for both the street and the wider neighbourhood.
The appeal is grounded in value and stability. It suits practical buyers looking for a home that outperforms its direct peers without the premium of a brand-new build. The renovated basement adds functional living space. It’s an ideal match for first-time homeowners seeking a step up from a starter home, or for downsizers who want a manageable single-level layout without compromising on lot size or neighbourhood stature. A thoughtful perspective is that this property represents a "local standout"—it may not lead city-wide metrics, but within its community, it offers a compelling combination of space, modern updates (in the basement), and valuation that suggests a well-maintained asset.
Frequently Asked Questions
1. How does this home truly compare to others in Winnipeg?
While its living area and lot size are around the city-wide average, this home shines in its local context. On its own street and in the Jefferson neighbourhood, it consistently ranks above average in size, value, and year built, meaning it likely offers more for your money compared to immediate neighbours.
2. What does the sold price history indicate?
Public records show it last sold in August 2022 for an estimated range of $32.50k to $35.50k. The significant increase to its current $310k assessment likely reflects major improvements (like the basement renovation) and strong market movement. For the exact historical sold price, you can request details via email from the listing source.
3. Who would this property suit best?
It’s an excellent fit for buyers who prioritize value within a specific community over a flashy, city-leading property. It offers the space and updates needed for comfortable living while standing out positively on its block. It’s particularly suited for those who want a single-level home with a generous lot.
4. Is the detached garage a convenience or a drawback?
This depends on lifestyle. A detached garage provides flexible space separate from the house, which can be ideal for a workshop or project space. However, it means navigating outdoors to access your vehicle, which is a consideration during Winnipeg winters.
5. The home is older; what should I consider?
Built in 1954, the home is newer than many in Jefferson. While the basement has been renovated, a standard inspection is crucial to understand the condition of major systems (roof, plumbing, electrical) common to homes of this era, and to confirm the scope and quality of the renovations done.