Property Overview: 366 Seven Oaks Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and straightforward opportunity. Its key characteristic is a renovated basement, adding valuable finished living space to the 880 sqft main floor. The home sits on a standard city lot with a detached garage. Built in 1952, it is notably newer than many immediate neighbours, which can be an advantage for systems and upkeep.
The appeal lies in its efficiency and relative value. The assessed value is above average for both the street and the Jefferson area, suggesting the property is in good standing compared to its peers. It suits first-time buyers, downsizers, or investors looking for a manageable, single-level home with modernized below-ground space. A thoughtful perspective is that while the living area is modest, the renovated basement effectively doubles the usable space, making it more functional than the square footage may imply. Its above-average assessment on the street could indicate desirable updates or better condition than surrounding properties.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 880 sqft for the main floor, the living area is below average for the city. However, the renovated basement significantly expands the usable space, making the total functional area more competitive.
2. What does the "above average" assessed value mean for this street?
The home ranks in the top 26% by assessed value on Seven Oaks Avenue. This typically indicates the property is in better condition, has more improvements, or is otherwise valued higher than most homes directly around it.
3. What is the typical buyer or neighbour like here?
Jefferson features homes primarily built in the late 1940s. This 1952 home is slightly newer than the area's average. The neighbourhood often attracts buyers seeking affordability and practicality within Winnipeg.
4. How recent is the basement renovation?
The listing confirms the basement is renovated but does not specify the year. This would be a key question for the seller or listing agent to understand the quality and current condition of the work.
5. Why is the sold price history shown as a range?
The provided sold price is an estimate based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which manually retrieves precise records.