Property Overview: 381 Seven Oaks Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in the Jefferson neighbourhood presents a solid, updated offering with strong local value. Its key appeal lies in its above-average positioning within its immediate area. With 1,248 sqft of living space and a renovated basement, it offers more room than many comparable homes on its street and in Jefferson. The detached garage adds practical convenience. The assessed value of $330k ranks notably above average for the local area, suggesting it is viewed as a premium property within this specific market context.
The home suits buyers looking for a move-in ready character home in a stable neighbourhood, particularly those who value space and updates over a brand-new build. A thoughtful perspective is that while the home’s size is average city-wide, its standout feature is its relative value and size within its own community—it offers more house for the area. Built in 1949, it’s a typical vintage for the neighbourhood, appealing to those who appreciate established streetscapes but want the benefits of modern renovations.
Frequently Asked Questions
1. How does this home’s size and value compare to its neighbours?
The living area is in the top 29% on Seven Oaks Avenue, meaning it’s larger than most homes on the street. Its assessed value is in the top 19% locally, indicating it is considered a higher-value property in the immediate area.
2. What does having a “renovated basement” typically mean for a home of this age?
For a 1949 home, a renovated basement often suggests updated essentials like flooring, lighting, and drywall, potentially creating a more functional living or recreational space. It’s advisable to confirm the scope, permits, and the condition of foundational elements like plumbing and electrical.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a useful benchmark. That this home’s assessment ranks highly in Jefferson suggests it has features the city valuator sees as adding value, but the final sale price will be determined by the current market.
4. What are the implications of a “detached” garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the house. However, it means navigating outdoors to access your vehicle, which is a consideration during Winnipeg winters.
5. Where can I find the exact historical sold price for this property?
The website provides sold price ranges based on public data. To obtain the exact figure, you can use the email request function provided on the listing page; they manually provide the accurate sold price without using your email for marketing.