51.9
Fair
Property score
51.9
Fair
Overall 51.9
Older than most nearby homes
1,090 sqft (top 35%)
Built in 1920 (28 yrs older than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 4 dining spots, 3 schools, 2 shops, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
6% larger than neighborhood avg.
Year Built
Below average
28 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 19%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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51.9 is composed by the two sections below.
Property Score
Community Score
Jefferson
How to read: Share of sales in each ~$50k price band for “jefferson” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110018
$75K
Median household income
$75K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
30%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
263 Belmont Avenue — 12 amenities found within 500 m, across 5 categories, including 4 dining (nearest 306 m), 3 education (nearest 356 m), 2 shopping (nearest 450 m).
Jefferson · WPS public data · 2026
Annual incidents
40
2026
vs. city avg
+36%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 4% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 263 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1920, offering 1,090 sqft of living space on a 3,282 sqft lot in the Jefferson neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. The home's living area is notably above average for Belmont Avenue itself, suggesting a relatively spacious layout compared to its immediate neighbours. However, the standout characteristic is its exceptionally low assessed value, which ranks in the bottom tier locally and city-wide. This creates a clear opportunity for value-seeking buyers, such as first-time homeowners, investors looking for a rental property, or hands-on individuals willing to undertake renovations. The appeal is pragmatic: it's a chance to secure a footprint in the city with a very low property tax burden, where the value is in the land and the structure's potential rather than in turn-key finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on a mass appraisal system considering factors like age, size, condition, and recent sales of comparable properties. A value this far below averages typically indicates the home is assessed as needing significant modernization or repair.
2. What does the sold price history range tell me?
The listed range (e.g., $13.5k - $16.5k in 1/2024) is derived from public data sources. To get the precise sale price, you must request it directly from the site via email. This practice is common for properties where sale prices are not widely published in official records.
3. Who would this property suit best?
It is best suited for a budget-conscious buyer with renovation skills or the capital to fund updates, or for an investor comfortable with managing a property that likely requires attention. It is less suited for someone seeking a move-in-ready home without additional project work.
4. How does its size compare practically?
While the living area is above average for its specific street, it is around or below average for the wider Jefferson area and city. This means the home feels spacious for its immediate block but is still a compact, characteristically older Winnipeg home.
5. Are the low property taxes a permanent advantage?
While the current assessed value results in low taxes, any significant renovation or improvement that increases the market value will likely trigger a reassessment, leading to higher property taxes in the future.
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