225 Oustic Avenue E

Property Summary: 225 Oustic Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Lavalee offers a practical and well-positioned entry into the Winnipeg market. Its key appeal lies in offering above-average space and value within its immediate neighborhood. With 1,130 sqft of living area and a renovated basement, it provides more room than most comparable homes on its street and in the Lavalee area. Built in 1978, it is a newer construction compared to many surrounding properties, which can suggest updated core systems. The lot size is generous for the street but more modest compared to larger lots elsewhere in Lavalee.

This property would suit first-time buyers or practical investors looking for a solid, move-in ready home without the premium of a newer subdivision. Its above-average rankings on its own street for size, value, and age indicate it’s a standout in its micro-location, offering a sense of relative value and stability. A thoughtful perspective is that while the lot is smaller than the Lavalee average, this often translates to less yard maintenance—a plus for buyers seeking a manageable property. The home’s consistent above-average positioning in hyper-local metrics suggests it is a resilient asset within its specific community context.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value of $36,100k ranks above average for both Oustic Avenue E and the wider Lavalee area, indicating it is considered a higher-value property within its local market context.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, permits, and the nature of the renovation (e.g., cosmetic updates versus structural or mechanical improvements).

3. Is the lot size a disadvantage?
While the 4,921 sqft lot is smaller than the Lavalee average, it is larger than the average lot on Oustic Avenue E. This means less maintenance than a larger property but potentially less private outdoor space than some other homes in the broader neighborhood.

4. The home was last sold in February 2022. What does that indicate?
The sale two years ago within a range of $36.50k–$39.50k, close to the current assessed value, suggests a stable market value without extreme short-term appreciation, which can be appealing for buyers seeking a fair-price entry.

5. There is no garage. What are the parking options?
The listing specifies no garage. Buyers should verify the availability of on-site driveway parking, any existing parking pads, or on-street permit requirements with the city.