Property Overview: 497 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a compelling blend of space, value, and established neighbourhood character. Its 1,244 sqft of living area is notably above average for both its immediate street and the wider Jefferson area, offering more interior room than many comparable properties. A key standout feature is the home's renovated basement, which adds significant functional space and modern convenience to the 1957 structure.
The appeal here is strongly rooted in value and location. The property's assessed value places it in the elite top 5% for its neighbourhood and street, suggesting it is a high-value proposition within its immediate market context. It sits on a standard 5,000 sqft lot, typical for the area, providing a balanced outdoor space. The detached garage adds practical utility. A thoughtful perspective is that this home represents a "best-in-class" option for its specific locale—it outperforms most direct peers on key metrics like size and assessed value, offering the amenities of an established community without a premium city-wide price tag. It would suit value-conscious buyers looking for move-in-ready space in a mature neighbourhood, particularly those prioritizing a renovated basement and more square footage than is commonly available on the block.
Frequently Asked Questions
1. Why is the assessed value so high compared to the last sold price in 2017?
The assessed value is a current government valuation for tax purposes, reflecting market trends and improvements. The 2017 sale price is a historical figure; the significant gap likely indicates strong area appreciation and the added value of renovations since that last sale.
2. What does the "elite" top 5% assessed value ranking mean for me?
While it suggests the property is highly valued relative to its neighbours, it primarily means your property taxes will be benchmarked against higher-value homes. It's a sign of the home's standing in the local market, but not a direct appraisal of resale value.
3. Is a house built in 1957 a concern?
The year built (1957) is actually newer than most on the street and in Jefferson, ranking in the top 10-12%. While due diligence on older systems is always wise, this home is relatively modern for this established neighbourhood.
4. What are the implications of the above-average living area?
With 1,244 sqft, you're getting more interior space than approximately 80% of homes in Jefferson. This is a practical advantage, but it also means utility and maintenance costs may be slightly higher than for smaller, average homes in the area.
5. How can I get the exact historical sold price?
The precise sale price is not publicly listed in detail. As noted on the listing, you can request it directly via email from the source; they provide this data manually without using your email for unsolicited marketing.