Property Overview & Key Characteristics
This one-storey home at 530 Perth Avenue in Winnipeg's Jefferson neighbourhood presents a solid, value-oriented opportunity. Its primary appeal lies in a combination of above-average space and land size for its immediate area, coupled with a recently renovated basement. At 1,170 sqft of living space on a 5,886 sqft lot, it offers more room than most comparable homes on Perth Avenue and in the Jefferson area. The detached garage adds practical utility.
The home suits first-time buyers or practical investors looking for a manageable, single-level layout with clear, above-average fundamentals for the local market. Its assessed value ranks in the top 10% on its street, suggesting it is viewed as a strong contributor relative to its peers, which is a positive signal for municipal valuation. A thoughtful perspective is that while the home was built in 1954 (newer than many on the street), its city-wide rankings for size and value are around average, indicating it's a standout in its specific, established community rather than the broader metro. This makes it ideal for someone prioritizing space and value within a specific neighbourhood footprint.
Frequently Asked Questions
What does the "above average" ranking actually mean?
It means that compared to similar homes directly on Perth Avenue and in the Jefferson neighbourhood, this property ranks in the top tiers for living area, land size, and assessed value. For example, its lot size is in the top 9% on its street, meaning 91% of comparable local homes have smaller lots.
Is the sold price history complete?
The listed sold price from 2016 is an estimated range based on public data. For the exact historical sale price, you must request it via email from the listing service, as they manually provide that specific data.
How does the renovated basement factor in?
The listing confirms the basement is renovated, which adds finished living space. However, the specific square footage of the basement is not included in the 1,170 sqft living area figure, which typically refers to above-grade space.
The assessed value seems low. Is that accurate?
The assessed value of $34.70k is consistent with Winnipeg municipal assessments for the area and is used for property tax calculation. It is not a market valuation. Its high ranking indicates the city assesses this property more highly than most of its direct neighbours.
Who are the most likely neighbours?
Based on the listed nearby properties, you would be in a classic, established Winnipeg neighbourhood with homes built primarily in the mid-20th century, offering a stable and consistent streetscape.