Property Summary: 184 Oakview Avenue
Key Characteristics & Appeal
This one-storey home on Oakview Avenue in Winnipeg’s Kildonan Drive area presents a distinct profile. Its key characteristic is a generous 5,350 sqft lot, which is notably larger than most on its street and offers significant outdoor space or future expansion potential. The home itself is compact at 885 sqft of living area and is a century-old character property built in 1926. It features a renovated basement and a detached garage. The assessed value is modest and around average for the immediate area.
The appeal lies in its value proposition as a land-opportunity home. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes lot size over interior square footage and is prepared for the upkeep of an older home. It’s a property where the value is anchored in the land itself, offering room to grow, garden, or simply enjoy more privacy than typical city lots. The renovated basement adds functional living space, making the smaller main floor more manageable.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 885 sqft living area is below average for the city, the renovated basement provides additional finished space. The trade-off is the exceptionally large lot, which may be a higher priority for buyers seeking outdoor space.
2. What does the assessed value indicate?
The assessed value of $30.10k is around average for Oakview Avenue. This suggests the property is priced in line with its immediate neighbourhood, with the valuation likely reflecting both the older, smaller home and the valuable larger lot.
3. How does the lot size compare?
The 5,350 sqft lot is a standout feature, ranking in the top 8% on Oakview Avenue. It is significantly larger than the street average, offering more yard space than many nearby properties.
4. What should I know about the home’s age?
Built in 1926, this is a century-old home. Buyers should budget for and expect maintenance consistent with its age, though some updates (like the basement renovation) may have been made.
5. Who are the most likely buyers for this property?
It best suits buyers looking for a land play in a established neighbourhood—those willing to live in a modest, older home to secure a large lot. It could also appeal to investors or handy homeowners with long-term plans to update or expand.