Property Overview: 8-70 Oak Forest Crescent
Key Characteristics & Appeal
This well-maintained townhome, built in 2017, offers modern living in Winnipeg’s Assiniboia Downs neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,571 sqft layout. The property stands out for its exceptional positional rankings: it sits in the top 1% of its immediate neighbourhood and the top 0% of all Winnipeg for its street location, suggesting a particularly desirable spot within the area.
The appeal lies in its balance of a contemporary build with established community appeal. It suits first-time buyers or downsizers seeking a low-maintenance home without sacrificing modern amenities, and investors attracted by a nearly new property with strong locational metrics. A thoughtful perspective is its high city-wide rankings for both recent sale price (top 2%) and assessed value (top 5%), which indicates market recognition of its value relative to properties across Winnipeg, not just its immediate area.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should inquire about the layout, ceiling height, permits, and whether it includes a bedroom, bathroom, or legal secondary suite.
2. Is there any parking or a garage?
The listing specifies "Garage: None." Questions should focus on the availability of dedicated surface parking, a carport, or unreserved street parking, and any associated fees or permits.
3. What are the monthly condo or association fees?
As a townhome, this property likely has monthly fees covering common area maintenance, exterior insurance, and possibly reserve funds. The exact cost and what it includes are essential for budgeting.
4. Why is the assessed value significantly lower than the last sale price?
The 2023 sale price was $760k, while the assessed value is $64.30k. This large discrepancy is normal; Manitoba property assessments reflect only a portion of the market value for taxation purposes. The sale price is the true indicator of market value.
5. The location ranks very high. What specifically contributes to that?
Rankings are based on quantitative data like sale prices and values relative to surrounding properties. The top-tier location ranking suggests this specific townhome block or street is among the most coveted in its wider area, possibly due to quiet positioning, green space, or lack of through traffic.