Property Overview: 553 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical opportunity with a few standout advantages. Its key appeal lies in the generous 6,697 sqft lot, which is notably larger than most in the immediate area and across the city, offering significant outdoor space and future potential. The home itself, built in 1955, is newer than many on its street, and its assessed value is strong for the local area. The living space is modest at just over 1,000 sqft, and the home features a renovated basement and a detached garage.
This property would suit a buyer who prioritizes land size over a large existing footprint—ideal for someone with gardening ambitions, a need for private outdoor space, or long-term plans for expansion. It’s a grounded choice for a first-time buyer or an investor looking in Jefferson, where the value is anchored more in the land and location than in extensive or modern living areas. The renovated basement adds functional living space, which is a practical bonus for a home of this era.
Frequently Asked Questions
1. What is the exact selling history?
The available public data shows a sale in November 2019 for an approximate range. For precise historical sold prices, you can request the exact figures directly via email from the listing source.
2. How does the lot size compare practically?
The lot is in the top 3% for the Jefferson area. This means you're getting significantly more yard space than the typical property nearby, which averages under 5,000 sqft.
3. The assessed value seems high for the street but average city-wide. Why?
The assessment is above average for Perth Avenue and Jefferson, likely reflecting the desirable lot size and the home's condition relative to its older neighbours. City-wide, it aligns with the median, as many homes in newer suburbs have higher valuations on different metrics.
4. What should I consider about a 1955-built, one-storey home?
While newer than many on the street, a 70-year-old home will have aging core components. The renovated basement is a positive, but a thorough inspection of the roof, foundation, plumbing, and electrical systems is essential.
5. Who are the typical neighbours or comparable buyers?
Given the modest living area paired with a large lot, the neighbourhood likely attracts a mix of long-term residents and practical, value-oriented buyers. The nearby comparable properties with similar assessments are in various neighbourhoods, suggesting this price point appeals to those seeking entry into the Winnipeg market.