Property Overview: 427 Perth Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Jefferson presents a solid, above-average offering within its immediate area. Its key characteristics include a renovated basement, a detached garage, and a notably generous 5,830 sqft lot. Built in 1956, the home is newer than many in the neighbourhood, and with 1,179 sqft of living space, it provides ample room.

The appeal lies in its strong local standing. The data shows this property consistently ranks above average for Jefferson and Perth Avenue specifically in critical metrics: living area, assessed value, lot size, and year built. This suggests a home that is competitive and potentially a sound investment within its community context. The renovated basement adds modern, functional space.

This property would suit practical buyers looking for a move-in-ready home with room to grow on a large lot, without the premium of a brand-new build. It’s ideal for first-time homeowners, small families, or investors seeking a stable asset in an established neighbourhood. A less obvious perspective is that its "above average" status on its street and in Jefferson, while being more average city-wide, indicates a smart balance—offering standout local value without the inflated price tag of a top-tier city-wide location.

Section 2: Frequently Asked Questions

1. What does the assessed value ranking actually mean?
The assessed value of $322,000 ranks in the top 20% for both Perth Avenue and the wider Jefferson area. This generally indicates the municipality views the property as more valuable than most of its direct peers, which can be a positive signal for equity and desirability.

2. How does the lot size compare?
At 5,830 sqft, the lot is significantly larger than the local averages (approx. 4,576 sqft on the street, 4,742 sqft in Jefferson). This is a major asset, offering substantial outdoor space for gardening, recreation, or future expansion where permissible.

3. The home was built in 1956. Is that a concern?
While 70 years old, the home is actually newer than many in Jefferson, ranking in the top 15% for its year of build locally. This suggests potentially fewer immediate concerns related to very aged infrastructure compared to neighbourhood norms. A thorough inspection is always recommended.

4. Are the recent sold prices reliable?
The listed sold price range (e.g., $295k-$325k in 7/2024) is based on public data. For precise historical sold prices, you must request the exact figures directly from the site via email, as they verify and provide this information manually.

5. Who might this property not suit?
Buyers seeking a brand-new, ultra-modern home or a downtown lifestyle may find it less suitable. Its strengths are in space, lot size, and established community value rather than high-end finishes or a central city location. It also may not suit those looking for a home that ranks in the top tier of the entire Winnipeg market.