Property Overview: 9-390 Oak Forest Crescent, Winnipeg
Key Characteristics & Appeal
This home is a standout property in the Assiniboia Downs neighbourhood, built in 2010. Its primary appeal lies in a combination of modern living space, a desirable location, and strong market positioning. With 1,678 sqft of living area and a renovated basement, it offers comfortable, move-in-ready space. The data suggests its greatest strength is its location: it ranks in the top 1% of properties within its immediate neighbourhood and the top 0% across all of Winnipeg for lot area, indicating a premium, possibly more private setting on its street.
The property would suit buyers looking for a well-established, modern home in a sought-after local area, without the need for a garage. It’s particularly suited for those who value space and privacy within a community context, as evidenced by its top-tier rankings for land size. The significant increase in assessed value ($780k) from its last sale price in 2016 ($530k) highlights strong appreciation, appealing to value-conscious buyers or those viewing the purchase as a long-term investment. The renovated basement adds functional living space, making it a fit for small families or professionals who work from home.
A less obvious perspective is the street itself. With multiple similar addresses listed nearby, this appears to be a townhouse or condominium complex. The exceptional land ranking likely refers to the overall parcel or complex grounds, offering extensive common area without the maintenance burden of a large private yard—a potential hidden benefit.
Frequently Asked Questions
1. What does the "top %" ranking actually mean?
These rankings compare this specific property against all others on the same street, in the neighbourhood, and across Winnipeg. For example, ranking in the "top 1%" for land area in the neighbourhood means 99% of properties there have less land, highlighting this as a key feature.
2. If there's no garage, what are the parking arrangements?
The listing specifies "Garage: None." Parking is likely provided via a dedicated driveway, carport, or unreserved street parking. Clarifying the exact arrangement with the property manager or seller is essential.
3. The assessed value is much higher than the 2016 sale price. Is the price inflated?
The assessed value is the municipality's estimate for taxation purposes, not necessarily the market sale price. The increase does show significant appreciation over 8 years, but the final sale price will be determined by current market conditions.
4. Are the nearby properties with identical addresses part of the same complex?
Yes, the listed addresses (e.g., 3-390, 5-390 Oak Forest Crescent) are almost certainly adjacent units in the same townhouse or condo development, indicating a shared community setting.
5. What are the monthly condo or association fees?
As this is likely a stratified property (given the building type and address format), there will be monthly fees covering shared expenses like exterior maintenance, groundskeeping, and insurance. The specific fee amount is a critical piece of information to request.