40.3
Below average
Property score
40.3
Below average
Overall 40.3
Smaller and older than most nearby homes
631 sqft (bottom 4%)
Built in 1946 (2 yrs older than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 3 dining spots, 4 schools, 1 shop, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Below average
2 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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40.3 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
297 Belmont Avenue — 10 amenities found within 500 m, across 4 categories, including 3 dining (nearest 425 m), 4 education (nearest 311 m), 1 shopping (nearest 476 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 33% | Bottom 22% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 297 Belmont Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, featuring a renovated basement and a detached garage. With 631 square feet of living space, it is notably smaller than most homes in its neighborhood, city-wide, and even on its own street. This defining characteristic shapes its appeal: it represents a highly affordable entry point into the Winnipeg market, particularly in the Jefferson area. The assessed value is significantly below area averages, indicating lower property taxes and an accessible purchase price.
The appeal lies in its practicality as a starter home, a downsizing option, or a strategic investment property. It suits buyers prioritizing financial efficiency over space—first-time purchasers wanting to build equity without a massive mortgage, investors seeking a rental with a lower entry cost, or retirees looking to minimize upkeep and expenses. The renovated basement adds functional living area, partially offsetting the modest main-floor square footage. A less obvious perspective is that a home of this size and vintage can offer a simpler, more manageable lifestyle, with lower utility costs and less space to maintain, which can be a significant hidden value for the right owner.
Frequently Asked Questions
1. Is the living area really only 631 sq. ft.?
Yes. The home is significantly smaller than the average Winnipeg house. The layout and the renovated basement are key to making the space functional.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the local market in Jefferson. A lower assessment typically translates to lower annual property taxes.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify details. A viewing or inquiry with the seller is necessary to understand the finish, rooms, and ceiling height.
4. Who would this property suit best?
It's ideal for first-time buyers, downsizers, or investors. It's less suitable for those needing multiple bedrooms or ample indoor living space without significant renovation or expansion.
5. How recent are the renovations, and what is the home's condition?
The listing notes a renovated basement but does not provide dates or detail the condition of the main floor, roof, or major systems. A professional home inspection is strongly recommended.
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