Property Overview: 510 Perth Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home at 510 Perth Avenue in the Jefferson neighbourhood presents a solid, value-oriented opportunity. Built in 1957, its key appeal lies in its above-average positioning within its immediate area. The 1,340 sqft living area is notably larger than most comparable homes on Perth Avenue and in Jefferson. It sits on a generous 5,880 sqft lot, providing ample outdoor space—a relative rarity for the locale. A recently renovated basement adds functional living space, and the property includes a detached garage.
The home’s assessed value ranks in the top 7% on its street, suggesting it is viewed as a higher-value asset in its micro-market compared to neighbours. This combination of a larger-than-average house on a larger-than-average lot, with modernized basics, makes it a practical choice. It would suit first-time buyers seeking space and value, or downsizers looking for a manageable single-level layout without sacrificing yard size. An investor might also see potential, given the renovated basement could facilitate a rental suite (subject to zoning verification). A less obvious perspective is that its strong rankings on its street and in Jefferson, but more average standing city-wide, highlights a specific, hyper-local value proposition that may not be as apparent in broader market searches.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The assessed value of $355,000 places this home in the top 7% on Perth Avenue. This indicates that, for property assessment purposes, it is considered one of the more valuable homes on its block compared to its immediate peers, which often reflects factors like lot size, living area, and improvements.
2. How updated is the home?
The listing confirms the basement has been renovated. The condition of the main floor systems (roof, windows, HVAC) and kitchen/bathrooms should be verified through a viewing and inspection, as the year built (1957) suggests some components may be original or nearing their lifespan.
3. Is the lot size a significant advantage?
Yes. At 5,880 sqft, the lot is about 28% larger than the average for Jefferson. This provides more privacy, yard space for gardening or recreation, and future flexibility than is typical for the area.
4. What is the typical price history for this home?
Based on available data, the home was last sold in September 2017 for a price between $285,000 and $315,000. The exact sold price can be requested from the listing provider.
5. Who are the most likely neighbours or comparable buyers?
Given its profile, likely neighbours include long-term residents and young families attracted to the Jefferson area. The most comparable buyers will be those prioritizing interior space and lot size over a newer build or central location, and who see value in a home that stands out positively within its specific local context rather than the city as a whole.