292 Seven Oaks Avenue

Property Overview: 292 Seven Oaks Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Seven Oaks Avenue in the Jefferson neighbourhood presents a compelling blend of space, location, and value. Its primary appeal lies in its significant living area of 2,102 sq ft, which ranks in the top 2% of homes on its street and the top 1% within Jefferson, offering substantially more room than local averages. The property sits on a generous 5,939 sq ft lot, providing ample outdoor space in an established area. A renovated basement and an attached garage add practical, modern convenience to this 1955-built home.

The home’s standout characteristic is its exceptional value proposition within its immediate context. While its assessed value is elite for the street and neighbourhood, it aligns more closely with the city-wide average, suggesting you get more house for your dollar in this specific location. This property would ideally suit buyers looking for spacious family living in a mature, quiet neighbourhood without a premium city-wide price tag. It’s also a strong match for value-conscious purchasers who prioritize interior square footage and lot size over a newer build date, appreciating the character and established gardens of a mid-century home.

Section 2: Frequently Asked Questions

1. How does the home’s value compare to recent sales?
Based on available data, the home last sold in June 2021 for an estimated range of $39.5k to $42.5k, which was in the top 5% for the street at that time. A previous sale in August 2020 was at a lower price point, indicating potential appreciation.

2. What does the "elite" or "above average" ranking mean for this home?
These rankings compare the home to specific groups of "comparable homes." For example, its living area is in the top 2% on its street, meaning it is significantly larger than 98% of similar homes on Seven Oaks Avenue. This highlights its relative strengths within a peer group, not necessarily the entire city.

3. Is the 1955 build year a concern?
The year built (1955) is actually newer than the average for both Seven Oaks Avenue and the Jefferson neighbourhood. While not a new build, it is above average for the area, suggesting a stock of well-established, mature homes. The renovated basement indicates some updates have been made.

4. Who are the typical neighbours?
The immediate neighbours on Seven Oaks Avenue are homes of similar style and vintage, as shown in the nearby property list. The assessed values of nearby homes on the street are not provided, but you can see examples of homes with similar assessed values city-wide, which tend to be in various neighbourhoods.

5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. You can request the precise figures by emailing the listing source via the "Get exact sold price history" button. They commit to providing the information manually without using your email for unsolicited marketing.