Property Overview: 298 Oak Forest Crescent
Key Features & Ideal Buyer
This one-storey home in Assiniboia Downs presents a compelling blend of space, modern updates, and recreational amenities. Its key characteristic is the substantial 19,267 sqft lot, placing it in the top tier for land size both locally and city-wide, offering rare potential for gardening, expansion, or private outdoor living. The home itself features a renovated basement and a generous 2,208 sqft of living space. The addition of a private pool and an attached garage enhances its appeal as a turn-key property for comfortable, family-oriented living.
The appeal lies in this balance of a modern, move-in-ready interior with exceptional outdoor space. It suits buyers looking for a single-level layout, perhaps those planning for long-term accessibility, or families seeking a private backyard oasis for recreation. A less obvious perspective is its strong standing in assessed value rankings—it places in the top 5% of its neighbourhood and the top tier city-wide. This suggests the property is not just a comfortable home but may also represent a historically solid investment within its market, having maintained value significantly above area averages.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The land area of approximately 19,267 sqft is exceptionally large, ranking in the top 2% of all properties in Winnipeg. It offers substantially more yard space than the average city lot.
2. What does the "renovated basement" include?
While the specific finishes are not detailed in the provided data, the listing confirms the basement has been renovated, suggesting it is finished living space rather than raw storage.
3. Is the pool an above-ground or in-ground installation?
The listing data specifies a "PoolYes" but does not state the type. This is a key detail to confirm with the listing agent or through a viewing.
4. The home was built in 2007. What might that mean for upcoming maintenance?
At 19 years old, major components like the roof, HVAC system, and windows may be approaching or due for their typical lifespans and should be inspected. Conversely, the home is past its initial "shakedown" period for new construction flaws.
5. The assessed value seems low relative to the features. Why is that?
The assessed value of $138.1k is for municipal tax purposes and is not a market valuation. It is influenced by provincial formulas and sale prices from a specific base period. Its high percentile ranking indicates that, for tax assessment purposes, it is valued much higher than most properties in the city. The current market price would be determined by recent comparable sales and buyer demand.