376 Seven Oaks Avenue

Property Summary: 376 Seven Oaks Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-storey home in Winnipeg's Jefferson neighbourhood, built in 1922. With 1,000 sqft of living space and a 3,749 sqft lot, its key characteristics are its simplicity and its position as an entry-point property. The home has a basement, but it is not renovated, and there is no garage or pool.

Its primary appeal lies in its affordability and lot potential. The assessed value is notably below averages for the street, neighbourhood, and city, suggesting a lower property tax burden and an accessible price point. For the right buyer, this represents a canvas. The lot, while below average in size for the area, is still generous for the home's footprint, offering room for expansion, gardening, or outdoor living. It suits first-time buyers, investors, or downsizers looking for a straightforward home with foundational equity in a mature neighbourhood, who are prepared for the maintenance or updates a century-old home may require. A less obvious perspective is that its below-average metrics across the board could indicate a value "catch-up" opportunity as surrounding properties continue to evolve.

Section 2: Frequently Asked Questions

1. What is the actual recent sold price?
The available public data indicates a sale in September 2017 for between $17.5k and $20.5k. For the exact sale price, you must request it directly via the provided email service.

2. What does "below average" for assessed value mean practically?
It means the city's assessment for this property is lower than most comparable homes on its street, in Jefferson, and across Winnipeg. This typically results in lower municipal property taxes, which is a key ongoing cost savings.

3. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may be suitable for utilities and storage, but likely requires work for comfortable living space.

4. What are the implications of a 1922 build year?
While offering classic charm, a home of this age will have older core systems (like plumbing and electrical) and will likely require a diligent inspection. Its construction materials and methods differ from modern homes, which can be a positive for durability but may necessitate specialized maintenance.

5. How does the lack of a garage affect daily life?
Prospective buyers should plan for street parking and consider the impact during Winnipeg winters. This may also influence storage solutions and should be factored into budgeting for potential future additions, if the lot permits.