Property score
46.1
Below average
Overall 46.1 · Older than most nearby homes
847 sqft (bottom 31%) · Built in 1941 (7 yrs older than avg)
Located in a above-average income area with median household income of ~73k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 4 schools, 2 shops, 2 parks, and 1 place of worship nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 13%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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46.1 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: #46110026
$73K
Median household income
$91K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
33%
Single-person households
28%
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
404 Belmont Avenue — 9 amenities found within 500 m, across 4 categories, including 4 education (nearest 280 m), 2 shopping (nearest 224 m), 2 parks (nearest 328 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 28% | Bottom 16% | Bottom 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 23% | Bottom 14% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 404 Belmont Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the Jefferson neighbourhood presents a practical, no-frills opportunity. Built in 1941, its 847 sqft living area is modest but typical for Belmont Avenue. A key feature is its renovated basement, adding functional space. The lot is compact at 2,535 sqft, which means lower maintenance but less private outdoor space.
Its primary appeal lies in affordability and simplicity. With a consistently low assessed value and recent sold prices in the $17.5k–$20.5k range, it represents one of the most accessible entry points into homeownership in Winnipeg. It suits a very specific buyer: those seeking absolute minimal financial commitment, such as investors looking for a straightforward rental property, or hands-on owners who value low property taxes and are comfortable with a smaller, older home that may require ongoing updates. It’s less about features and more about the fundamentals of securing a property at a very low cost basis.
A less obvious perspective is its positioning within its immediate context. While its size and value are below the city-wide averages, they are much more aligned with—or even above average for—Belmont Avenue itself. This suggests it’s a representative property for the street, not an outlier, offering a realistic view of the local market.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality. A professional inspection is highly recommended to determine the finish, compliance with codes, and suitability for living space or storage.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's modest size, age, and the market values within the Jefferson neighbourhood. It indicates lower municipal property taxes, which is a key advantage for cost-conscious owners.
3. Is the lack of a garage a significant drawback?
For this price segment, the absence of a garage is common. Buyers should plan for street parking and consider the implications for vehicle security and winter maintenance, though the compact lot reduces snow-clearing responsibilities.
4. How do the recent sold prices compare to the assessment?
The home sold in the $17.5k–$20.5k range in both 2021 and 2023, which is below its current $22.2k assessed value. This recent sales history is a crucial data point for understanding its actual market price.
5. Who are the typical neighbours or buyers on this street?
Given the home's characteristics and the provided comparison to nearby identical addresses (402, 406, 400 Belmont Ave.), the street appears to consist of very similar, modestly sized homes. This indicates a neighbourhood of value-focused residents and investors.
