Property Overview: 360 Oakwood Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 360 Oakwood Avenue is a substantial, character property in Winnipeg's Riverview neighborhood. Its primary appeal lies in offering significantly more space—both indoors and on the lot—than most comparable homes in the immediate area. With 2,112 sqft of living area, it ranks in the top 6% of the Riverview neighborhood for size, and its lot of nearly 6,400 sqft is also well above the local average. This creates a rare combination of a spacious interior on a generous parcel of land for an established community.
Built in 1907, the home is notably older than most in the city, which suggests authentic character and craftmanship but also implies a need for diligent maintenance and potential updates. The assessed value of $500k is consistently above average across street, neighborhood, and city comparisons, reflecting its premium size and location.
This property would best suit buyers who prioritize space and established neighborhoods over new construction. It’s ideal for someone looking for a project-friendly character home with room to grow or garden, or for a buyer who appreciates the architectural substance of an older home and is prepared for its upkeep. It offers a tangible trade-off: more square footage and a larger lot than you’ll typically find, balanced against the realities of a 1907 build.
Section 2: Frequently Asked Questions
1. How does the age of the home (1907) practically affect ownership?
While it grants character, a home of this age typically requires careful attention to foundational elements, plumbing, electrical systems, and insulation. Prospective buyers should budget for specialized inspections and potential updates to meet modern efficiency and safety standards.
2. The living area is large for the area. Does the layout feel modern?
The data confirms the above-average size, but the floor plan of a 1907 home may differ from modern open-concept designs. Rooms are likely more defined and compartmentalized. The value is in the total space, but the flow may require adaptation or renovation.
3. The assessed value is higher than area averages. What does this mean for property taxes?
A higher assessed value generally leads to higher property taxes compared to neighboring homes with similar lot sizes but smaller footprints. It’s important to factor this into the ongoing cost of ownership.
4. The sold price history shows a range. Can I get the exact figure?
The public data shows a sold price range of CA$450k–500k for September 2020. Due to industry rules, exact transaction figures are not published online here. You can request the precise historical sold price via email from the site for verification.
5. The lot size is a standout feature. What are the possibilities?
The lot is larger than approximately 86% of those in Riverview. This opens possibilities not always available in established neighborhoods, such as expansive gardening, adding a detached garage or studio (subject to zoning), or simply enjoying more private outdoor space.