Property Overview: 282 Perth Avenue, Winnipeg

Key Characteristics & Appeal

This 880 sqft bungalow, built in 1949 on a standard 4,695 sqft lot in the Jefferson neighborhood, presents a straightforward, value-oriented opportunity. Its primary appeal lies in its strong positioning within its immediate context. While the living area is modest compared to city-wide averages, the home’s assessed value of $321k is notably above average for both its street and the Jefferson area, suggesting it is perceived as a well-maintained or favorably situated property among its direct peers. This creates a practical proposition: a competitively priced home in a stable, established neighborhood without a premium for excessive size.

The property would suit first-time buyers or downsizers seeking an efficient, lower-maintenance footprint and who prioritize neighborhood value over sheer square footage. It also appeals to the value-conscious investor or homeowner who understands that a home’s standing relative to its immediate surroundings can be more meaningful than city-wide comparisons. A less obvious perspective is that its "below average" size city-wide is actually a potential long-term advantage, offering lower utility costs and property taxes, aligning with a trend towards efficient living.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is not an appraisal. However, the fact that it ranks significantly above average for the street and neighborhood indicates that the property is considered one of the more valuable homes in its immediate area, which can be a positive signal for market value.

2. The home seems small compared to Winnipeg averages. Is that a concern?
The living area is typical for its street and neighborhood. This reflects the character of many established Winnipeg communities. For the right buyer, this means a more manageable space to heat, maintain, and furnish, often at a more accessible price point than larger, newer homes.

3. What does the year built (1949) mean for maintenance?
Homes from this era often feature solid construction but will likely have aging core components. A prospective buyer should budget for potential updates to systems like plumbing, electrical, or the roof, and consider a thorough inspection to assess the condition.

4. How can I get accurate historical sale data for this property?
The site does not publish verified transaction histories directly. You must request this information via email, and their team will manually look up and provide the most accurate available data, typically within the same day.

5. The lot size is around average. What are the implications?
The lot provides typical outdoor space for the area—sufficient for a garden, patio, or play area without the extensive maintenance of a much larger yard. It represents a balanced use of space consistent with the neighborhood's density.