Property Summary: 331 Seven Oaks Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home at 331 Seven Oaks Avenue in the Jefferson neighbourhood presents a solid, above-average offering for its immediate area. Built in 1960, it is notably newer than many surrounding homes, which typically date to the late 1940s. With 1,320 sqft of living space and a recently renovated basement, it provides practical, single-level living. The property sits on a 4,999 sqft lot, which is spacious for the street and offers room for outdoor enjoyment or expansion. A detached garage completes the package.
The primary appeal lies in its strong positional value within a well-established community. The data shows it consistently ranks above average for Jefferson and Seven Oaks Avenue in key metrics like living area, assessed value, and year built. This suggests a home that stands out positively among its direct peers. It would suit practical buyers looking for a move-in ready, low-maintenance bungalow with modernized basics, or those who value the potential of a larger lot in a mature neighbourhood. The recent sale history indicates active market interest and a steady appreciation in value.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Jefferson?
The home ranks above average for the Jefferson neighbourhood in living space, assessed value, and notably, its year of construction. It is a newer home in an area of mostly older properties.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement adds functional living space, which is a valuable asset in a one-storey home. It's important to clarify the nature of the renovation (e.g., legal suite, rec room, finished storage) and obtain permits if available.
3. The assessed value seems low. Is that accurate?
The assessed value is for municipal tax purposes and is not an indicator of market value. The recent sold price range (April 2024) provides a more current reflection of its market worth. Always rely on a comparative market analysis from a real estate professional for pricing.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer to the main house. However, it may be less convenient during Winnipeg winters compared to an attached garage.
5. The lot is larger than average for the street. What does that allow?
The 4,999 sqft lot provides more private outdoor space than many neighbours. This could allow for larger gardens, recreational areas, or future additions like a deck or shed, subject to local zoning bylaws.