Property Summary: 10-70 Oak Forest Crescent
Key Characteristics & Appeal
This is a well-maintained, modern townhome-style property built in 2017, offering a balance of contemporary living and established value. Its key feature is a renovated basement, adding valuable flexible space. The home’s primary appeal lies in its strong positional rankings within a desirable neighbourhood; it sits in the top tier of its immediate street and the top 1% of the broader Assiniboia Downs area for lot size, indicating a premium location within the community.
While it does not include a private garage, the property compensates with above-average living space for its street and a very recent build date, ranking newer than 94% of homes in Winnipeg. The assessed value has shown stable growth since its last sale in 2019. This home would suit first-time buyers or downsizers seeking a low-maintenance, modern property in a top-ranked local setting without the demands of an older house. It also appeals to value-focused buyers who prioritize move-in readiness and the potential of a developed basement over features like a private garage.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to see the quality of the renovation and determine if it’s a legal suite, a recreational space, or additional bedrooms.
2. How does the lack of a garage affect daily living?
The property has no private garage. Buyers should investigate on-street parking regulations, the availability of unassigned visitor parking, and consider the practicalities of vehicle care during Winnipeg winters without enclosed parking.
3. The assessed value is higher than the 2019 sale price. What does this indicate?
The increase suggests the property has appreciated in line with or possibly ahead of market trends since its last purchase. It’s a positive indicator of maintained value, but the final market price is determined by current conditions and buyer competition.
4. The home ranks highly for lot size but lower for living area on its street. What does this mean?
This suggests the property benefits from a favourable location or larger lot footprint within the complex, but the interior square footage is more modest compared to some direct neighbours. The value is likely weighted toward the land/location premium and modern build.
5. What is the nature of the nearby properties with identical addresses?
The listing shows several units at "70 Oak Forest Crescent," indicating this is likely a townhouse or condominium complex. It’s important to review the condo/strata bylaws, monthly fees (if any), and rules governing exterior maintenance, parking, and use of common areas.