Property Overview
This one-storey home at 461 Perth Avenue in Winnipeg's Jefferson neighbourhood presents a practical opportunity with a few standout features. Built in 1953, its 1,068 sqft living area is typical for the area, but the property is distinguished by its exceptionally large lot—over 6,470 sqft, placing it in the top 4% of Jefferson. The home includes a renovated basement and a detached garage.
Its appeal lies in the balance of a manageable-sized home on a much larger-than-average parcel of land. This combination is increasingly rare in mature neighbourhoods. The renovated basement adds functional living space, while the detached garage offers flexibility for storage, a workshop, or parking. The assessed value is notably strong for its immediate street and area, suggesting the property is viewed favorably relative to its local market.
This home would suit a buyer looking for solid value in a well-established area, with room to grow outdoors rather than upwards. It's ideal for someone who values private outdoor space for gardening, recreation, or future expansion more than they need a large interior footprint. First-time buyers or downsizers seeking a single-level layout with a low-maintenance house but a generous yard would find it particularly fitting.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The land area is a key feature, ranking in the top 3-4% for the street and neighbourhood. It offers significant outdoor space that is uncommon for homes in this price and style bracket, providing privacy and potential.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the permits for work done, and whether it includes a separate entrance or rental potential.
3. How does the assessed value compare to likely selling price?
The assessed value ($35.80k) is a municipal valuation for tax purposes and is not a market price. Its "above average" rank locally indicates the property is considered valuable relative to neighbours, but the actual sale price will be determined by current market conditions.
4. Who might the detached garage benefit?
Beyond vehicle storage, it's valuable for hobbyists, those needing workshop space, or for additional storage without cluttering the basement. It also keeps snow removal and vehicle maintenance separate from the house.
5. The home sold in March 2020; what context is important?
The previous sale occurred at the very beginning of the pandemic, a period with unique market uncertainties. Price trends and buyer behaviour have shifted significantly since then, making that sale price a historical data point rather than a direct indicator of current value.