Property Overview: 558 Perth Avenue, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is defined by its substantial, above-average lot—over 8,500 square feet—which places it in the top 1% of properties in its immediate area and neighbourhood. This generous outdoor space is the standout feature, offering rare potential for gardening, expansion, or simply enjoying ample private grounds in an established setting. The living area is also notably spacious for the locale, ranking in the top 6% on its street. The house itself is a one-storey design from 1955 with a renovated basement and a detached garage.

Its primary appeal lies in this combination of a larger, well-sized home on an exceptionally large parcel of land within Winnipeg’s Jefferson area. It suits a practical buyer who values space and potential over turn-key modern finishes. This could be a perfect match for a growing family seeking room to play and possibly expand outdoors, a multi-generational household looking for separate living spaces (aided by the renovated basement), or a value-oriented buyer who sees the lot size as a long-term investment in a city where such large plots are increasingly uncommon.

A thoughtful perspective is that while the assessed value is elite for the street, it is around the city-wide average. This suggests the property may offer more "land value" and interior space for your dollar here compared to many other Winnipeg neighbourhoods, representing a specific kind of value proposition.

Frequently Asked Questions

1. Why is the assessed value so much lower than typical city-wide home prices?
Property assessments in Winnipeg are not direct market valuations but are used for calculating property taxes. They can be significantly influenced by the age of the home, its specific location within the city, and historical valuation trends in the area. A lower assessment often translates to lower annual property taxes.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the finish, the presence of proper moisture-proofing and egress windows, and whether it includes a separate entrance or kitchenette, which would clarify its potential as a rental suite or in-law accommodation.

3. Are there any concerns with a home built in 1955?
While the home is well-maintained for its age, a buyer should proactively investigate common period-specific items. This includes the condition of the roof, plumbing (original galvanized or updated?), electrical wiring (knob-and-tube or aluminum?), and the foundation. A thorough home inspection is highly recommended.

4. What are the implications of having a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without concerns about fumes or noise in the house. However, it means navigating the elements during Winnipeg winters when moving between your car and home. Consider the cost and feasibility of potentially building a breezeway or enclosed walkway in the future.

5. How can I get the exact historical sale price?
The exact sold price is not published publicly. As noted on the detail page, you can request this information directly by email. The service aims to provide the accurate figure manually by the end of the same business day, without using your email for unsolicited marketing.