507 Perth Avenue

Property Overview: 507 Perth Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of above-average space and a significantly larger-than-standard lot. With 1,172 sqft of living area, it offers more room than most comparable homes on its street and in Jefferson. The standout feature is the 6,240 sqft land area, which ranks in the top 4% on Perth Avenue, offering exceptional outdoor space potential for a property of this type. The home benefits from a renovated basement and a detached garage.

Built in 1952, the house is of a typical vintage for the area. Its assessed value positions it as an above-average offering within its immediate locale, suggesting a solid perceived value relative to neighbours. This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s also a compelling candidate for buyers with long-term vision, as the generous lot provides rare scope for expansion, gardening, or outdoor living that is hard to find in newer subdivisions.

Frequently Asked Questions

1. How does the lot size compare to a typical new build?
At 6,240 sqft, this lot is substantially larger than those found in most modern suburban developments, where lots are often between 4,000-5,000 sqft. This offers more privacy and flexibility.

2. What does the "above average" assessed value ranking mean for taxes?
While the assessed value is above average for Jefferson, it remains below the city-wide average. This typically suggests property taxes that are reasonable for the neighbourhood, but you should verify the exact current tax amount.

3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. A buyer should confirm its compliance with local zoning and building codes if considering rental potential.

4. What are the implications of a 1952 build date?
Homes from this era often have solid construction but may require updates to major systems like plumbing, electrical, or insulation to meet modern efficiency standards. A thorough inspection is advised.

5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is not publicly posted due to local regulations. As noted on the detail page, you can request this information directly via email from the site; they provide it manually without using your email for marketing.