Property Overview: 25 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1927, situated on a roughly 5,000 sqft lot in the Kildonan Drive area. With 860 sqft of living space and a renovated basement, it presents a practical, no-frills opportunity. Its core appeal lies in its relative affordability and efficiency, underscored by an assessed value that is modest for the city. The detached garage adds functional value.
The home’s data reveals a nuanced position: while its living space is below average for its immediate street and broader area, its assessed value is closer to the median on Oakview Avenue itself. This suggests it may be priced accessibly within its most direct neighborhood context. The renovated basement is a key modern upgrade to an older structure.
This property would best suit first-time buyers, downsizers, or practical investors seeking an entry point into the Winnipeg market without a large footprint. It’s for those who prioritize location and lot potential over square footage, and who are comfortable with the character and maintenance considerations of a home nearing its centennial.
Frequently Asked Questions
1. Is this a small house?
Yes. At 860 sqft, it is notably below the average size for similar homes in Kildonan Drive and Winnipeg overall. The layout and renovated basement are crucial for maximizing usable space.
2. What does the assessed value tell me?
The assessed value of approximately $294,000 is around the average for Oakview Avenue but below the average for the wider area and city. This often indicates a more accessible price point within its immediate neighborhood.
3. The house is from 1927. What should I consider?
While the basement has been renovated, a home of this age requires a thorough inspection. Consider the condition of major original systems like plumbing, electrical, and the foundation, which may need updates or have ongoing maintenance needs.
4. How does the lot size compare?
At just under 5,000 sqft, the lot is fairly standard for the street but smaller than many in the broader Kildonan Drive area. It offers typical yard space for the location without being overly large to maintain.
5. What can recent sales on the street tell me?
A nearby, very similar home at 31 Oakview Ave (767 sqft, built 1945) sold for an estimated $30.5K–$33.5K in mid-2021. This provides a recent benchmark, though market conditions have likely shifted since.