Property Overview: 724 Oakland Avenue, Winnipeg
Key Characteristics & Buyer Profile
This home at 724 Oakland Avenue in Rossmere-A presents a solid, middle-of-the-road offering in the Winnipeg market. Built in 1959, it is actually slightly newer than many of its immediate neighbors on Oakland Avenue, placing it in the top 9% for year built on its own street. With 1,036 sqft of living space and a 5,185 sqft lot, its size is consistently "around average" when compared to the neighborhood and city, offering a practical footprint without standing out as particularly large or small.
The primary appeal lies in its stability and established community context. The assessed value of $330k is above the street average, suggesting the property is well-positioned within its most immediate market. This isn't a flashy or oversized home, but rather one that holds its ground. It would suit a first-time buyer or a downsizer looking for a manageable, no-surprises home in a mature neighborhood. The data indicates a buyer who values practicality over prestige—someone seeking a fair, comparable value rather than a standout bargain or a premium property. A thoughtful perspective is that its consistent "average" rankings across most metrics could be seen as a strength, indicating lower risk and good resale liquidity, as it squarely fits the most common market segment.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $200k-$250k in July 2016. Its current assessed value of $330k is above the current street average of $322.1k, indicating perceived value growth and a strong position among nearby homes.
2. Is the lot size a disadvantage?
The lot of 5,185 sqft is below the average for Oakland Avenue but is very close to the neighborhood average. It provides a typical yard space for the area, unlikely to be a drawback for most buyers but not offering extra land premium.
3. What does the "above average" year built ranking mean?
While built in 1959, this home is newer than many on its block (street average is 1958). This minor advantage suggests potentially slightly updated infrastructure or construction compared to the immediate houses around it.
4. Where can I get the exact historical sale price?
The site provides sold price ranges for non-members. To receive the exact sale figure from the last transaction, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Are the size and value in line with the broader Winnipeg market?
Yes. The living area and assessed value both rank near the 60th-70th percentile city-wide, meaning this property is comfortably within the most common range for Winnipeg homes, neither exceptionally high nor low.