Property Overview: 97 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Oakview Avenue presents a compelling blend of space, value, and established neighbourhood character. Its key appeal lies in its above-average living space (1,400 sq ft, ranking in the top 10% for its street) paired with a recently renovated basement, offering more functional room than many comparable homes in the immediate area. The detached garage adds practical convenience.
The home’s assessed value is notably strong for Oakview Avenue, placing it in the top 6% of the street, which suggests it is viewed as a higher-value property within its specific locale. This creates an interesting dynamic: while the house itself is older (built 1946) and sits on a moderately sized lot for the Kildonan Drive neighbourhood, it appears to be a well-maintained and updated standout on its block. It would suit buyers looking for a move-in ready character home with ample finished space, without the premium often attached to newer builds. It’s particularly suited for those who value a quiet, established street and prioritize interior space and updates over a large yard or a modern build date.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the assessed value is strong for the street, it's essential to note that assessed value is for tax purposes and can differ from market value. Recent nearby sales and the home’s updated condition will be stronger indicators of its current market price.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on the scope, quality, permits, and finish (e.g., is it a legal suite, a rec room, or additional bedrooms?) would need clarification from the seller or a viewing to understand its true value and functionality.
3. Is the lot size a disadvantage?
At just under 5,000 sq ft, the lot is below average for the broader Kildonan Drive area but is typical for Oakview Avenue. This may be a plus for buyers seeking lower outdoor maintenance, but a consideration for those wanting extensive yard space.
4. What are the implications of the home’s age (1946)?
An 80-year-old home likely has character but also requires diligent inspection. While the basement is renovated, the core structure, wiring, plumbing, and roof should be carefully evaluated for updates and potential future costs.
5. How stable is property value on this street?
The home ranks highly for both living area and assessed value on its own street, indicating it is a superior property within this specific micro-market. This can be a positive for value retention on Oakview Avenue, though broader neighbourhood and city trends will also apply.