Property Overview
127 Oak Forest Crescent is a well-maintained, one-storey home in Winnipeg's Assiniboia Downs neighbourhood. Built in 2010, it sits on an exceptionally large, 12,002 sqft lot, which ranks in the top 4% of all properties in Winnipeg for size. The home features 2,131 sqft of living space, an attached garage, and a renovated basement. It last sold in December 2023 for $870,000, significantly above its assessed value, indicating strong market appeal.
Key Characteristics & Appeal
This property’s primary appeal lies in its rare combination of a modern, move-in-ready home and a vast, private yard—a find in the city. The renovated basement adds flexible living space, perfect for a growing family, a home office, or a recreation room. Its key characteristics include a top-tier lot size, above-average living space for a one-storey home, and recent updates.
It would ideally suit buyers who prioritize outdoor space for children, gardening, or entertaining over a multi-level floor plan. It’s also a strong match for those seeking a modern home without the wait of new construction, and for buyers who value the stability of a neighbourhood where recent sales have demonstrated solid property value growth. A less obvious perspective is its appeal to multi-generational families or those planning for aging in place, as the single-storey layout offers main-floor living convenience, with the basement providing separate space for family or guests.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for $870,000 in December 2023, which is substantially higher than its municipal assessed value of $84,700. This is not uncommon, as assessed values for taxation purposes often lag behind current market values, especially for updated homes on desirable lots.
2. What does the lot size ranking mean?
The property’s lot is in the top 4% in Winnipeg for size. This means it is larger than 96% of residential lots in the city, offering exceptional outdoor space and privacy relative to most urban properties.
3. Is the neighbourhood established or developing?
Assiniboia Downs is an established neighbourhood. The home was built in 2010, placing it among the newer homes on its street and in the area, but the community itself is mature with settled amenities and landscaping.
4. What is the significance of the "Top %" rankings provided?
These rankings compare this specific property against others on its street, in the neighbourhood, and across Winnipeg for metrics like lot size, living area, and assessed value. For example, its living area is larger than 93% of Winnipeg homes, confirming it as a spacious property.
5. Are comparable properties listed by assessed value or market value?
The listed "Similar assessed value" properties are matched solely on their municipal assessed value ($84.70k). They are in various neighbourhoods and may differ significantly in style, condition, and actual market value. They are useful for tax assessment context but not necessarily as direct market comparables.