Property Summary: 308 Seven Oaks Avenue
Section 1: Key Characteristics & Appeal
This is a compact, modern one-storey home built in 2007, offering a distinct profile in its Jefferson neighbourhood. Its key characteristic is its contemporary age—it ranks in the top 4% for year built on its street and in the area, making it a notably newer construction amidst much older housing stock. The home features a renovated basement and a modest 605 sqft of living space, which is significantly smaller than area averages. The lot size is also compact at 2,500 sqft. Its assessed value is consistent with local norms for Jefferson.
The appeal lies in its modern building systems and low-maintenance potential compared to century-old homes, all at an accessible value point. It suits first-time buyers seeking a manageable, newer property without major renovation concerns, or investors looking for a modern rental asset in an established area. A thoughtful perspective is that this home represents efficient use of space; its below-average size and lot translate to lower utility costs and less upkeep, appealing to minimalist living or those looking to maximize equity in the structure itself rather than the land.
Section 2: Frequently Asked Questions
1. Is the price competitive for a home this new?
Yes. While the home is newer than nearly all in the area, its assessed value aligns with the local Jefferson average, suggesting the market values it in line with its smaller size and lot.
2. What does "renovated basement" include?
The listing confirms a renovated basement but does not specify finishes or layout. This should be verified with a viewing or direct inquiry to understand if it’s finished living space or an updated utility area.
3. How does the small living area impact livability?
At 605 sqft, the home is cozy. It will suit individuals, couples, or those comfortable with efficient space planning. The renovated basement may provide additional functional space if finished.
4. Why is the city-wide assessed value average so much higher?
The city-wide average includes all home types across all neighbourhoods. Jefferson’s assessed values are generally lower, making this home typical for its specific area but below the broader Winnipeg average.
5. Where can I find exact historical sale prices?
The exact sold price history is not publicly displayed. As noted on the detail page, you can request this information directly via email from the site, which provides manually verified data.