Property Overview: 693 Oakland Avenue, Winnipeg
Key Characteristics & Appeal
This 884 sqft bungalow, built in 1959, presents a compelling case for value-focused buyers. Its primary characteristic is a clear contrast: the living space is notably compact, ranking in the top 10% smallest on its street, while its assessed value of $344k ranks in the top 10% highest on the same block. This suggests the value is driven by factors beyond sheer size, such as the desirable Rossmere-A location, a well-proportioned 5,358 sqft lot, or significant updates not captured in square footage.
The appeal lies in its efficient footprint and strong positional value within its immediate community. It suits first-time buyers, downsizers, or investors seeking a manageable property in an established neighborhood without a sprawling layout to maintain. A thoughtful perspective is that this home likely represents a "value-over-volume" proposition—you’re paying for the land, location, and condition rather than expansive interior space. The recent sale history (sold between $350k-$400k in 2023) indicates a stable, in-demand market for well-kept homes of this era on Oakland Avenue.
Frequently Asked Questions
1. Why is the assessed value high for a home with below-average square footage?
Municipal assessments consider more than just size. The above-average valuation for the street likely reflects the property's lot, location, recent market activity for similar homes, and potentially significant improvements or desirable characteristics not detailed in the basic metrics.
2. How does the living area compare to nearby homes?
At 884 sqft, the home is smaller than most comparable properties on Oakland Avenue, in the Rossmere-A neighborhood, and across Winnipeg. This indicates a more compact, efficient layout.
3. What is the typical lot size for the area?
The lot of 5,358 sqft is very close to the street average (~5,389 sqft) and slightly below the neighborhood average. It provides a standard outdoor space for the area, neither exceptionally large nor small.
4. When was it last sold and for approximately how much?
Public records indicate a sale in May 2023, with a sold price in the range of $350,000 to $400,000. Exact figures require a manual lookup from verified sources.
5. Are sold prices on this site from the MLS?
No. The sold price data presented is compiled from publicly available sources, not the MLS. For fully verified transaction history and exact sale prices, a manual records check is necessary.