Property Overview: 663 Oakland Avenue, Winnipeg
Key Characteristics & Appeal
This 936 sqft bungalow in Rossmere-A, built in 1959, presents a practical and value-conscious opportunity. Its key appeal lies in a balanced profile: while the living space is modest and below area averages, it is offset by an above-average, spacious lot of 5,880 sqft. This generous outdoor space is a standout feature for the street and offers significant potential for gardening, expansion, or simply enjoying more privacy than typical lots provide.
The home’s assessed value is notably below city and neighbourhood averages, suggesting a potentially lower entry point into a stable area. It would suit first-time buyers seeking an affordable foothold, downsizers looking for manageable indoor space with room for a garden, or value-focused investors attracted by the below-average assessment. A thoughtful perspective is that a smaller, well-maintained home on a large lot can offer lower utility costs and less maintenance inside, while preserving future optionality for the land itself.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the home’s square footage is below local averages, the efficient use of space common in bungalows of this era can be very functional. The significant trade-off is the much larger-than-average yard, which expands the usable property area.
2. How does the assessed value affect property taxes?
A below-average assessed value generally correlates with lower property taxes compared to larger or more renovated homes in the same area, which is a key ongoing cost savings for the budget-conscious buyer.
3. What does the 2019 sale price indicate?
The previous sale in the $200k-$250k range provides a historical benchmark. Market conditions have likely changed since then, but it underscores the home’s position as a historically more affordable option in the area.
4. Are homes from 1959 expensive to maintain?
Like any mid-century home, the condition of major systems (roof, wiring, plumbing) is more important than the build year itself. A 1959 build date is typical for the neighbourhood and may indicate well-established infrastructure, but a thorough inspection is always advised.
5. How does this lot size compare to newer homes?
The lot is substantially larger than the current street average. Newer developments often have smaller lots, making this a less common find that offers more outdoor space and potential than many modern properties.