Property Overview: 428 Perth Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home at 428 Perth Avenue in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key characteristics include 1,000 sqft of living space, a renovated basement, a detached garage, and a notably generous lot of nearly 5,900 sqft. Built in 1953, the home is newer than many in its immediate area.
The appeal lies in its strong positional value within its local market. The assessed value and lot size rank well above average for both Perth Avenue and the wider Jefferson area, suggesting the property holds inherent value relative to its peers. The renovated basement adds functional living space. The large lot is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion—a rarity in many city neighbourhoods.
This property would suit first-time buyers seeking an entry point into homeownership with room to grow, or practical-minded investors looking for a character home with solid fundamentals. It’s also a fit for those who prioritize private outdoor space over a larger interior footprint. A less obvious perspective is that a home ranking above average in its immediate vicinity for value and lot size, yet with a modest living area, can represent a "land bank" opportunity where the property's potential is tied more to its land than its current structure.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value ranks in the top 25% on its own street and in the Jefferson area, meaning it is valued higher than most direct comparables. This often indicates desirable lot attributes, updates, or a favourable location on the block.
2. Is the lot size typical for the area?
No, the lot is a standout feature. At 5,876 sqft, it ranks in the top 20% on Perth Avenue and top 14% in Jefferson, meaning it is significantly larger than most neighbouring properties.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point of inquiry to understand the finish quality, ceiling height, legal egress, and whether it includes a separate entrance or rental potential.
4. The home was built in 1953. What should I be aware of?
While newer than many area homes, a 73-year-old house will likely have aging core components. A thorough inspection should focus on the foundation, plumbing, electrical systems, and roof. The upside is that post-war builds often feature solid construction and simpler layouts that are easier to update.
5. Why is there a range for the last sold price instead of an exact figure?
The exact sale price is not publicly available in all Manitoba transactions. The provided range is estimated from public data. You can request the precise historical sold price directly from the listing service via the provided email link.