Property Overview: 562 Seven Oaks Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home at 562 Seven Oaks Avenue in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 825 sqft main floor. The home sits on a standard city lot of just under 4,000 sqft and includes a detached garage.
The appeal lies in its solid positioning within its immediate area. While the living space is modest compared to city-wide averages, its assessed value is competitive for the street and Jefferson neighbourhood. The home is notably newer than many of its local peers, built in 1953. This suggests potentially fewer immediate concerns related to the age of core components compared to neighbouring houses. It would suit first-time buyers, downsizers, or practical investors looking for an entry into the market with a move-in-ready basement suite potential (subject to verification) and without the premium price of a larger or newer-built home. Its recent sale in 2023 provides a clear, contemporary price benchmark for buyers.
Frequently Asked Questions
1. Is the house smaller than average?
Yes, the living area is below the average for Winnipeg. However, within the Jefferson neighbourhood and especially on Seven Oaks Avenue itself, its size is much more typical. The renovated basement significantly expands the usable space.
2. What does the assessed value tell me?
The $300k assessment is around the average for this street and neighbourhood, suggesting the property is priced in line with its local market. It is below the city-wide average, reflecting the home’s size and location.
3. How does the year built affect the home?
Built in 1953, this home is actually newer than many on its street and in Jefferson. This can be an advantage, possibly meaning updates to original plumbing, electrical, or structure may have already been addressed over time, compared to older homes.
4. What can the 2023 sale price range tell me?
The public record shows it sold for between $325,000 and $355,000 in May 2023. This is a crucial data point, providing a very recent market value for the home, which can anchor your offer and financing strategy.
5. Who should request the exact sold price history?
If you are seriously considering an offer, obtaining the exact sold price via the provided email service is wise. It removes guesswork, ensuring your bid is informed by precise historical data, not a broad range.