Property Overview: 311 Belmont Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1942, presents a practical opportunity in Winnipeg's Jefferson neighborhood. Its primary appeal lies in its efficient use of space and its position within a well-established area. With 1,299 square feet of living space, it is notably larger than many comparable homes on Belmont Avenue, placing it in the top 5% for size on its own street. This suggests a home that offers more room than its immediate neighbors, potentially with a functional layout.

The property features a renovated basement, adding valuable finished space, and sits on a standard city lot. Its assessed value is modest relative to the wider Winnipeg market, indicating a potentially accessible entry point into homeownership. The home would likely suit first-time buyers or practical-minded individuals seeking a character home with updated fundamentals (the basement) in a mature neighborhood. It’s a property for those who value space efficiency and location over modern construction or large outdoor areas, as the lot size is below average for both Jefferson and the city.

A less obvious perspective is that this home represents a stable, middle-ground option in its micro-market. It isn't the newest or on the largest lot, but it outperforms its direct peers in living area, which is a key functional metric. Its recent sale history also suggests a market value consistent with its assessed value, pointing to a property priced within established norms for the area.

Frequently Asked Questions

1. How does the living area compare to nearby homes?
This home is actually quite spacious for Belmont Avenue, ranking in the top 5% on its own street for living area. It offers significantly more square footage than the average comparable home on the street.

2. What is the significance of the assessed value being "below average" citywide?
While the assessed value is below the Winnipeg city average, it is much closer to the average for both Belmont Avenue and the Jefferson neighborhood. This primarily reflects the home's location in a mature, established area rather than a newer suburb, not necessarily the condition of the property itself.

3. What does "one-and-a-half storey" mean for the layout?
Typically, this style features a main floor with common living areas and a second floor with sloped ceilings, often housing bedrooms in a cozy, character-filled space. It's a classic Winnipeg design.

4. The lot size is noted as below average. Is the yard still usable?
Yes. With just over 3,500 square feet, the lot is a standard city size for its era and location. It provides space for a backyard garden, patio, or play area, though it may not accommodate extensive additions or sprawling decks.

5. Where can I find the exact historical sold price?
The exact sold price is not publicly displayed in detail due to data privacy practices. The listing service offers to provide the precise figure via email upon request, which they handle manually without using the contact for unsolicited marketing.