Property Overview: 545 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home at 545 Perth Avenue in the Jefferson neighbourhood presents a practical and value-conscious opportunity. Built in 1954, it is notably newer than many other homes on its street and in the immediate area. Its key physical attributes include 961 sqft of living space, a renovated basement, a detached garage, and a land area of nearly 5,900 sqft, which is larger than typical lots nearby.
The appeal lies in its solid positioning within its local market context. The home's assessed value is consistent with area averages, suggesting it is priced appropriately without premium. The above-average lot size offers valuable outdoor space or future potential in a neighbourhood where lots are generally smaller. Its renovated basement adds functional living space. This property would best suit first-time buyers, downsizers, or practical investors looking for a manageable, single-level home in an established area without paying a premium for size or luxury. It’s a home that offers more land and a newer build date than its direct neighbours, which are less obvious points of value in a modest package.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 961 sqft, the living area is slightly below the average for similar homes on Perth Avenue but is very close to the average for the wider Jefferson neighbourhood. City-wide, it is considered smaller than average.
2. Is the assessed value high for the area?
No, the assessed value is around the local average for both Perth Avenue and the Jefferson area, indicating it is not an outlier and is likely assessed in line with market conditions.
3. What is the significance of the 1954 build year?
While 1954 is not new, it is above average for this specific street and neighbourhood, where many homes are older. This can sometimes imply updates to core systems or a different architectural style compared to pre-war homes.
4. How accurate are the sold price ranges shown?
The sold price history displays estimated ranges based on public data. For the exact historical sold price, you must request it via email from the site, as this information is verified and provided manually.
5. What are the advantages of the lot size?
The land area of 5,879 sqft is a standout feature, ranking in the top 16% on Perth Avenue. This means you get more yard space than most comparable properties nearby, which is uncommon in established neighbourhoods.