Property Overview: 96 Oakhurst Crescent
Key Characteristics & Appeal
This one-storey home at 96 Oakhurst Crescent is a practical and well-maintained property in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Its key characteristic is its relative modernity; built in 1996, it is significantly newer than most homes on its street and in the wider city, potentially reducing concerns over major aging infrastructure. The home features 1,446 sqft of living space, a renovated basement, and an attached garage, sitting on a 5,838 sqft lot.
The appeal lies in its balance of updates and a manageable scale. The renovated basement adds functional living space, while the single-storey layout offers accessibility. From a value perspective, its assessed value sits above the citywide average, yet it is priced below the average for its immediate street, suggesting a potentially competitive entry point into a established crescent. This property would suit first-time buyers seeking a move-in-ready home with modern basics covered, downsizers looking for a single-level layout without a sprawling yard to maintain, or pragmatic investors attracted by a newer building with a recent sale history indicating stable value.
Frequently Asked Questions
1. How does the lot size affect the property?
At 5,838 sqft, the lot is smaller than most on Oakhurst Crescent but is close to the average for the neighbourhood and city. This means less yard maintenance but also less private outdoor space compared to some direct neighbours.
2. What does the "below average" living area ranking for the street mean?
With 1,446 sqft, this home has less living space than the typical, larger home on Oakhurst Crescent. However, it is very close to the citywide average. It indicates a more compact, efficient floor plan compared to others on the block.
3. The assessed value seems high for the city but low for the street. Why?
The assessment is above the Winnipeg average, reflecting the home's condition and newer build. It's below the street average because many homes on the crescent are larger, both in living area and lot size. This can represent an opportunity to buy into the location at a different price point.
4. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, separate suite. This is a crucial point to verify with the listing agent or city records, as it impacts rental potential and insurance.
5. What is the significance of the home's age (1996) in this area?
Built in 1996, this home is one of the newest on its street. In a city and neighbourhood with many older homes, this newer build date may suggest updated wiring, plumbing, and building materials, potentially leading to lower immediate repair costs.