Property Overview
This home at 578 Oakland Avenue presents a compelling opportunity in Winnipeg's Rossmere-A neighborhood. Its primary appeal lies in its above-average size and premium positioning within its immediate area. With 1,744 square feet of living space, it ranks in the top 1% on its own street and the top 3% within the wider neighborhood, offering significantly more room than local averages. The assessed value of $410,000 also reflects this premium, ranking in the top 5% of Rossmere-A, suggesting it is viewed as one of the area's more substantial properties. Built in 1958, it is typical for the street but slightly older than some neighborhood comparables. The lot size is standard for the location.
This property would suit buyers looking for a spacious home in a stable, established neighborhood who value space over a more modern build. It’s ideal for someone who wants a "best on the block" feeling in terms of square footage without a citywide premium price, as its value is around the city average. It may also appeal to those who see potential in a solid, larger post-war home that could be updated over time.
Frequently Asked Questions
How does this home’s value compare to its last sale price?
Public data indicates it last sold between $350,000 and $400,000 in January 2019. The current assessed value of $410,000 is higher, reflecting market changes and the property's standing relative to its neighbors.
Is the larger living area due to additions or is it original?
The data does not specify renovations. Given the home's 1958 build date and its ranking, the size is notably larger than most peers on the street, which could be due to an original larger floor plan or a well-integrated addition.
What does the "Elite" ranking for value actually mean?
It means the home’s assessed value is higher than 95% of comparable properties in the Rossmere-A neighborhood. This suggests it is considered a higher-tier property locally, likely due to its size, condition, or lot advantages.
Are the property taxes likely to be high?
While the exact tax rate isn't provided, property taxes are based on the assessed value. With an assessment in the top 5% of the neighborhood, the tax bill will be proportionally higher than many nearby homes.
How does the lot size affect future potential?
At 5,280 sq ft, the lot is average for the street. It provides standard outdoor space but may have limitations for large additions or pools compared to deeper lots. Its value is driven more by the home's size than by the land itself.