Property Overview
This two-storey home at 316 Seven Oaks Avenue presents a distinct profile. Built in 2018, it is a notably modern property within its Jefferson neighbourhood and on its own street, where most homes are decades older. With 1,355 sqft of living space, it offers above-average roominess for the immediate area. The assessed value is strong relative to local peers, ranking in the top tiers for both the street and the neighbourhood. A key trade-off is the land size; at 2,500 sqft, the lot is significantly smaller than typical Winnipeg lots, which means minimal yard space but also less exterior maintenance.
Its appeal lies in its modern construction within an established area. Buyers gain a newer home that likely requires fewer immediate repairs or updates compared to the surrounding housing stock, offering move-in readiness and potential energy efficiency. This would suit first-time buyers or downsizers seeking a low-maintenance, modern home without venturing to the suburban fringe, or investors attracted by the desirability of a newer build in a mature community. It’s less suited for those prioritizing a large yard, extensive gardening, or outdoor privacy.
Frequently Asked Questions
Is the smaller lot size a major drawback?
It depends on your lifestyle. It means very little private yard space, which is a significant consideration for families or gardening enthusiasts. However, it translates to far less time and money spent on lawn care and landscaping, a notable advantage for those seeking low-maintenance living.
Why is the assessed value so high compared to nearby homes?
The primary reason is the home’s age. Being built in 2018, it avoids the depreciation and deferred maintenance common in much older homes, and it likely incorporates modern building standards and materials. The assessment reflects this newer condition and its above-average living area for the locale.
What does "basement, not renovated" mean?
This indicates the home has a basement, but it is in its original, unfinished state. It provides valuable utility and storage space but would require a full renovation to become a finished living area.
How reliable are the sold price ranges shown?
The ranges are based on publicly available data, which can sometimes be incomplete or estimated. For precise historical sale prices, you must request the exact data via the provided email service, which manually verifies the records.
The home is modern, but what about the neighbourhood's overall character?
The neighbourhood of Jefferson features primarily older, post-war homes. This property offers a contemporary living experience within that established setting. Buyers should appreciate the contrast and verify that nearby services and the general streetscape meet their expectations.