Property Overview
This one-and-a-half storey home at 430 Seven Oaks Avenue in Winnipeg's Jefferson neighbourhood presents a practical and grounded opportunity. Built in 1949, it features 1,240 sqft of living space, a renovated basement, and a detached garage on a standard 4,497 sqft lot. The data suggests it is a quintessentially average home for its immediate street and area in terms of size, lot, and assessed value, offering a sense of stability without standing out statistically. Its appeal lies in its turn-key condition with a modernized lower level and its position in a mature, established community. This property would suit first-time buyers seeking a manageable, updated home without premium pricing, or practical investors looking for a solid rental property in a consistent neighbourhood. A thoughtful perspective is that its very "averageness" in the local context can be a strength, indicating a lower risk of overpaying relative to the immediate market and fewer surprises compared to more unique or outlier properties.
Frequently Asked Questions
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the finish, the permits pulled for the work, and whether it includes added features like a bathroom or legal secondary suite.
How does the assessed value relate to the likely selling price?
The assessed value for taxation purposes is $28,400, which is typical for Jefferson. However, the last recorded sale was between $17.5k-$20.5k in 2017. Market value will be determined by current conditions, the home's updated condition, and buyer competition, and will likely be significantly higher than both these figures.
Is the detached garage in good condition?
The listing notes a detached garage but not its state. Given the home's age, the garage likely requires inspection to assess its structure, roof, and functionality.
What are the implications of the home's "average" rankings?
The data shows the home is consistently around the median for its street and area in key metrics. This generally indicates predictable property taxes relative to neighbours and suggests the home should align with area pricing trends, neither a bargain nor a premium based on core features alone.
Can I get the exact historical sale prices?
Yes, the exact sold price history is available by request through the listing site. They provide this detail manually via email and state they do not use contact information for unsolicited marketing.