Property Overview
35 Oakburn Place presents a well-proportioned family home in Winnipeg’s Leila-Mcphillips Triangle neighbourhood. Built in 1989, it offers 2,213 square feet of living space on a generous 8,806 square foot lot. The home’s assessed value is $50,800, and it last sold in 2024 for between $550,000 and $600,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average space and established setting. With a living area ranking in the top 8% for its neighbourhood and top 6% city-wide, it offers more interior room than most comparable homes. The lot size is also a significant asset, ranking in the top 12% locally, providing ample outdoor space for recreation or gardening.
Its appeal is balanced: it’s a newer build relative to many Winnipeg homes, yet it’s part of a mature, settled community. The recent sale suggests a modernized or well-maintained condition that attracted market interest. This home would best suit practical buyers—growing families or those who value space over a brand-new build—who want a established neighbourhood feel without compromising on room to live. A thoughtful perspective is that while its assessed value is modest, its recent sale price indicates buyers see substantial value beyond the official assessment, likely in its condition, layout, or the specific appeal of the street.
Frequently Asked Questions
1. How does the home’s size compare practically?
At 2,213 sq ft, it offers significantly more living space than the average Winnipeg home (1,342 sq ft) and the local neighbourhood average (1,482 sq ft). This suggests a layout with multiple living areas, larger bedrooms, or more functional space.
2. What does the assessed value versus sale price indicate?
The assessed value ($50,800) is for taxation purposes and is typically much lower than market value. The 2024 sale price of $550,000-$600,000 reflects the true market value, indicating the home has likely been updated or holds desirable features not captured in the assessment.
3. Is the lot size usable?
At nearly 8,800 sq ft, the lot is well above the city average. It’s a useable, family-sized yard, not just a technical measurement. The ranking shows it’s larger than 91% of city lots, offering real potential for outdoor activities, expansion, or landscaping.
4. What does the “above average” year built mean?
Built in 1989, it’s newer than 77% of homes city-wide. This often means more modern construction standards, wiring, and insulation than much older homes, but it may still require updates to kitchens or bathrooms that reflect late-80s design.
5. Who are the typical neighbours or buyers here?
The recent sale and the home’s metrics suggest it attracts families or established buyers. The consistency in assessed values among similar properties listed implies a stable, middle-income area without extreme highs or lows, appealing to those seeking community consistency.