Property Overview: 286 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a generous 5,283 sqft lot in Winnipeg's Jefferson neighbourhood. With 700 sqft of living space, the home is notably smaller than area averages, positioning it as a more affordable entry point. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The assessed value is modest and around average for its immediate street and area, suggesting a manageable property tax burden.
The primary appeal lies in its value proposition: it offers land ownership and a renovated basement in a established neighbourhood at a lower price point than larger homes. It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. A thoughtful perspective is that while the house itself is small, the lot size is above average for the street, offering potential for outdoor space, gardening, or future expansion—a value not immediately apparent from the living area alone. Its recent sale history indicates it has functioned as an affordable holding in the market.
Frequently Asked Questions
1. How does the small living area impact daily living?
At 700 sqft, the main floor living space is compact. Efficient use of the renovated basement will be crucial for storage, utilities, or creating additional living areas to make the home feel larger.
2. What does the assessed value tell me about the property taxes?
With an assessed value around $27,500, the property taxes are likely to be comparatively low for Winnipeg. However, always confirm the exact tax amount with the city, as mill rates apply.
3. The home sold between $17.5k-$20.5k in 2019. What does that mean for today's price?
That historic price reflects the market conditions of six years ago. The current assessed value and market trends will be more relevant for determining its present market value.
4. Is the detached garage in good condition?
The listing confirms a detached garage exists but does not specify its condition. This would be a key point for a property inspection, as older garages may require maintenance.
5. What are the implications of a house built in 1946?
While the basement has been renovated, a home of this age may have original components (like plumbing, electrical, or the roof) that are nearing or past their typical lifespan. A thorough inspection is highly recommended.