Property Overview
This two-storey home at 712 Oak Street in Winnipeg's Central River Heights presents a compelling blend of established neighbourhood character and practical updates. Built in 1954, it is notably newer than most homes on its street and in the immediate area. Its key features include a renovated basement and a detached garage. With 1,734 sqft of living space, it offers more room than the typical neighbourhood or city home, providing comfortable scale for a family. The lot, while smaller than others on Oak Street, is still a generous city property. Its last sale was in 2016 for $400,000.
The appeal lies in its position as a well-sized, updated home in a mature and desirable neighbourhood. It suits buyers looking for a move-in ready property in Central River Heights without the premium often attached to century-old character homes. It’s particularly suited for a growing family or professional couple who value space, a established community, and the convenience of a renovated basement for extra living or recreational space. A thoughtful perspective is that while the lot is smaller than its immediate neighbours, this can translate to less yard maintenance while still providing outdoor space—a practical trade-off in a prime location.
Frequently Asked Questions
Q: How does the lot size compare to the area?
A: The 4,790 sqft lot is below average for Oak Street specifically, but it is still larger than many city lots and is nearly average when compared across all of Winnipeg.
Q: Is the home older or newer compared to others nearby?
A: Built in 1954, this home is actually newer than most on its street and in Central River Heights, where many homes are from the early 1900s. This can suggest potentially newer core components.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and functionality of the space.
Q: How does the last sale price relate to current value?
A: The home sold for $400,000 in 2016. This provides a historical benchmark, but current market conditions, further updates, and comparable recent sales in the area will determine its present value.
Q: The assessed value seems low. Why is that?
A: The $49,100 figure is the property tax assessment, not the market value. Tax assessments are typically lower and are used for municipal taxation purposes only. The home's market value is determined by recent sales of similar properties.