Property Overview: 277 Belmont Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1945, presenting a straightforward opportunity in Winnipeg's Jefferson neighborhood. Its key characteristic is its modest scale, with a living area of 492 sqft that places it among the smaller homes locally. The property includes a detached garage and a full, unrenovated basement on a standard city lot.

The primary appeal lies in its position as an accessible entry point into homeownership. With an assessed value significantly below the citywide average, it represents one of the most budget-conscious options on the market. This isn't a move-in-ready showcase home; its appeal is for the practical buyer who sees potential in a basic structure or values a lower tax assessment. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with minimal upfront investment, or someone seeking an extremely efficient, low-maintenance footprint. A less obvious perspective is that its very small size and unrenovated state could be a canvas for a creative, highly customized tiny-home style renovation, something more constrained homes wouldn't allow.

Section 2: Frequently Asked Questions

1. Is the basement finished or usable as living space?
No, the basement is noted as "not renovated." It is a full basement, offering storage and mechanical space, but it should be considered unfinished raw space for any future development.

2. How does the property's size compare to nearby homes?
This home is notably compact. At 492 sqft of living area, it is smaller than the vast majority of homes on its street, in the Jefferson area, and across Winnipeg. This is its defining feature.

3. What does the "Top X%" ranking mean for the assessed value?
The assessed value of $180k ranks in the top 90% on its street, meaning it is lower than about 90% of comparable properties there. In simpler terms, its assessed value is well below average for the immediate area, which typically translates to lower property taxes.

4. Has the property changed hands recently?
The last recorded sale was in August 2016. The provided price range suggests it was a very low-value transaction at that time, indicating it has likely been seen as a foundational property for some time.

5. What are the immediate next steps likely for a new owner?
Given the age and description, a new owner should budget for essential system updates (roof, heating, electrical) and anticipate that any modernization of the kitchen, bathroom, or living areas would be a full renovation project, not a simple refresh. The unrenovated basement also presents potential for future expansion, subject to permits and codes.