11-390 Oak Forest Crescent

Property Overview & Key Characteristics

This well-maintained home, built in 2010, offers a practical and modern living space of over 1,570 square feet. Its primary appeal lies in its recent, fully renovated basement, which adds significant functional space and immediate move-in readiness. The property stands out for its exceptional location rankings within Assiniboia Downs, placing in the top tier for its street and neighbourhood, suggesting a desirable and well-regarded setting.

While it does not include a garage or pool, the home’s value is anchored in its solid fundamentals: a newer build with updated living areas and a standout lot location. It recently sold for $85,000, which is notably higher than its assessed value, indicating strong market appeal and potential for value growth in this specific area.

This home would suit first-time buyers or downsizers looking for a low-maintenance, modern property without the need for immediate renovations. It’s also a sensible choice for value-focused investors or buyers who prioritize a top-ranked neighbourhood setting over having a private garage.

Frequently Asked Questions

1. What does the "top percentage" ranking for the location mean?
The rankings compare this property's specific metrics (like lot size) against others on its street, in the neighbourhood, and across Winnipeg. For example, ranking in the "Top 1%" in the neighbourhood for land area means this lot is larger than 99% of others nearby, a significant advantage.

2. The home recently sold for more than its assessed value. Is that typical?
While assessed value is for tax purposes, a sale price significantly above it often reflects strong buyer demand for the property's specific features, like the renovated basement and prime location within the street, which may not be fully captured in the assessment.

3. There is no garage. What are the parking options?
The listing notes no garage, so parking would be limited to driveway or on-street. It’s worth checking municipal bylaws for any street parking restrictions to plan for vehicle storage.

4. The property is part of a cluster of homes with the same crescent address. What does this indicate?
This suggests the home is likely in a townhouse or condominium-style complex, which can explain the lack of a private garage. It's important to verify if there are any associated condo or maintenance fees.

5. Given the renovated basement, what should I verify about the work?
It’s crucial to ask for details on the renovation's scope, when it was completed, and if proper permits were obtained. This ensures the work meets building codes and adds lasting value to the home.