Property Overview: 491 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a solid opportunity for a specific type of buyer. Built in 1954, its key strength lies in its generous 5,886 sqft lot, which ranks in the top 9% for size on Perth Avenue. This offers significant outdoor space and potential not found in many newer developments. The home itself, at 1,164 sqft of living space, is comfortably above the average for both the street and the neighbourhood. It features a renovated basement and a detached garage.
The appeal here is grounded in value and potential. The assessed value sits above average for the immediate area, suggesting the property is viewed favorably relative to its peers. It suits practical buyers—first-time homeowners, small families, or downsizers—who prioritize space over a turn-key modern finish. The large lot is a standout asset for gardening, recreation, or future expansion, offering a long-term benefit that smaller parcels cannot. It’s a home for someone who sees a foundation to build upon, both indoors and out, in an established neighbourhood.
Frequently Asked Questions
1. How does the home’s age affect its condition?
Built in 1954, the home is older than many on its street. While the basement has been renovated, prospective buyers should budget for standard maintenance and updates expected for a house of this era, such as roofing, windows, or mechanical systems.
2. What does the above-average assessed value indicate?
An assessed value ranking in the top 17% in Jefferson typically reflects the property’s larger lot size, renovated basement, and overall footprint compared to neighbourhood averages. It’s a marker of underlying value, though the final market price is determined by buyer demand.
3. Is the detached garage a standard feature?
In this area and for homes of this vintage, a detached garage is common. It provides useful storage or workshop space but may lack the direct convenience of an attached garage, especially during Winnipeg winters.
4. How does the lot size compare to a typical new build?
At nearly 5,900 sqft, the lot is substantially larger than those found in most newer suburban subdivisions. This is a key differentiator, offering more privacy, green space, and flexibility than modern standard lots.
5. What is the neighbourhood character of this part of Jefferson?
Jefferson is an established, mature neighbourhood. The mix of older and some newer homes (like the 2024 build nearby on Hartford Avenue) indicates an area with steady, long-term residents alongside gradual renewal.