Property Overview & Key Characteristics
This one-storey home at 289 Oakview Avenue in Winnipeg's Rossmere-B neighbourhood presents a classic, no-frills opportunity. Built in 1921, its primary appeal lies in its solid fundamentals: a generous 3,334 sqft lot that ranks in the top 6% of the neighbourhood, and an assessed value that places it in the top 1% of the area for property taxes relative to home value. With 920 sqft of living space and a detached garage, it offers the core components of a single-family home.
The property suits a specific buyer: someone looking for an affordable entry into homeownership on a sizable lot, a hands-on individual eager to put their own stamp on a property over time, or an investor seeking a land-value play in a stable area. Its appeal is grounded in potential and location rather than turn-key finish, as it features an unrenovated basement and is a century-old structure. A thoughtful perspective is that its high lot-to-living-area ratio is a rarity, offering outdoor space that is increasingly difficult to find at this price point, which could be a long-term asset whether for gardening, expansion, or simply privacy.
Frequently Asked Questions
1. What does "assessed value" mean in this context?
The assessed value ($19,500) is the city's valuation for property tax purposes. It is notably low, which suggests relatively lower annual property taxes compared to other homes in the area. It is not a direct indicator of market selling price.
2. Is the home in need of major updates?
The listing notes the basement is "not renovated," and given the home's age (105 years), buyers should budget for ongoing maintenance and potential updates to major systems like plumbing, electrical, or the roof. It is likely a candidate for modernization.
3. How does the lot size compare to nearby properties?
The lot is exceptionally large for the area, ranking in the top 9% on its own street and top 6% in the wider Rossmere-B neighbourhood. This is one of the property's standout features.
4. What is the neighbourhood like?
Rossmere-B is an established, mature neighbourhood in Winnipeg. The listing shows several comparable and nearby properties, indicating a stable, residential community with a mix of older homes.
5. Why is the sold price from March 2025 listed?
This appears to be a data anomaly or error, as it references a future date. It should be disregarded. The relevant figure for recent sale history would be the current list price or any verifiable past sales.