Property Overview: 261 Belmont Avenue, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This well-situated one-storey home in Jefferson presents a compelling blend of modern convenience and solid value. Its key strength lies in being a notably newer property within an established neighborhood. Built in 1998, it stands out significantly for its age compared to most area homes, which often date back to the mid-20th century. This suggests potentially fewer major upkeep concerns related to aging infrastructure.

The home offers comfortable, above-average living space for its immediate area and sits on a decent-sized lot. A recently renovated basement adds functional living area. While it lacks a garage or pool, its assessed value ranks highly within Jefferson, indicating strong intrinsic value relative to its peers. The appeal here is grounded in practicality: a low-maintenance, move-in-ready home that offers modern livability without the premium of a brand-new build. It would suit first-time buyers seeking a manageable property, downsizers looking for single-level living without sacrificing space, or value-focused investors attracted by its strong assessment fundamentals and renovated condition.

Frequently Asked Questions

1. What does the high assessed value ranking mean?
It means the city’s assessment of this property’s value is in the top 8% for the Jefferson area. This often reflects desirable characteristics—like its newer build year and renovations—compared to neighboring homes, which can be a positive indicator for long-term value.

2. Is the lack of a garage a significant drawback?
This depends on your lifestyle. For many in urban neighborhoods, street parking is standard. The trade-off is a larger lot and a more recent home that may require less ongoing maintenance than an older house with a garage.

3. The sold price history shows a range. Why isn't it exact?
Exact sale prices in Manitoba are not publicly available. The range is estimated from public data. You can request the precise figure from the listing service, which maintains verified records.

4. How does the living area compare to an average Winnipeg home?
At 1,071 sqft, it’s slightly above average for Jefferson but somewhat below the city-wide average. This highlights its efficient use of space and its positioning as a comfortably sized home within its specific, popular neighborhood context.

5. What are the less obvious benefits of a 1998 build year?
Beyond just being newer, construction methods and building codes from the late 1990s often offer a good balance: more modern electrical systems, insulation, and plumbing than much older homes, while still featuring traditional construction materials and neighborhood integration that some find preferable to very new builds.