Property Summary: 239 Perth Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood is a practical, no-frills property built in 1922. Its key characteristic is its position as a value-oriented entry point into the Winnipeg market. With 976 sqft of living space and a renovated basement, it offers functional space on a standard 3,872 sqft lot. The home lacks a garage and pool, emphasizing its straightforward, low-maintenance profile.
Its primary appeal lies in its affordability, as reflected in its assessed value, which sits well below averages for its street, neighbourhood, and the wider city. This presents a clear opportunity for budget-conscious buyers. The renovated basement adds usable living space without the immediate need for investment. A thoughtful perspective is that while the home ranks below average in size and value metrics city-wide, it is much more typical for its immediate local area, suggesting it’s a representative example of the Jefferson neighbourhood’s character and price point.
This property would best suit first-time buyers seeking an affordable foothold, investors looking for a rental property with a manageable entry cost, or downsizers wanting a single-level living layout without a large price tag. It’s for those who prioritize location and function over modern luxuries.
Section 2: Frequently Asked Questions
1. Is the assessed value an accurate reflection of the likely selling price?
While the assessed value is a strong indicator, recent sold price history shows this home has sold for both above and below its current assessment. Market conditions and property condition will ultimately determine the final price.
2. What does "renovated basement" typically mean for a home of this age?
In a 1922 home, this usually indicates essential updates have been made, such as moisture control, legal egress, and finished living areas. It’s important to clarify the scope and permits for this renovation.
3. How does the lack of a garage affect daily living and value?
This is a common feature in the area. Buyers should plan for street parking and consider the cost of adding a shed or future parking pad if needed. The trade-off is often reflected in the home’s more accessible price point.
4. The home is below average in size compared to the city. Will it feel small?
At 976 sqft, it is compact, but it is actually quite close to the average size for both Perth Avenue and the Jefferson neighbourhood. For many buyers, this size is manageable and efficient, keeping utility and maintenance costs lower.
5. What are the implications of buying a 100+ year-old home?
While offering classic charm, it necessitates a focus on core systems during inspection: foundation, plumbing, electrical, and roof. The updated basement is a positive, but the age warrants a thorough evaluation of these essential components.