Property Overview: 355 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 2018-built home at 355 Oakview Avenue in Rossmere-B stands out for its modern construction and generous living space within an established neighborhood. At 1,533 sqft, the living area is significantly larger than most homes on its street and in the immediate area, placing it in the top 5% locally. Its assessed value of $412k is also notably higher than area averages, reflecting its premium positioning.
The primary appeal lies in acquiring a relatively new home (built in 2018) in a neighborhood where the typical house is decades older. This suggests lower immediate maintenance costs and modern building standards, a rare find on a street with an average build year of 1950. It suits buyers looking for move-in-ready, spacious interiors without venturing to newer suburban subdivisions. However, the lot size is smaller than average for the area, indicating the property’s value is driven by the home itself rather than extensive outdoor space. This trade-off makes it ideal for those who prioritize interior space and modern amenities over a large yard.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
While the assessed value of $412k is a strong indicator for municipal tax purposes, market conditions ultimately determine the sale price. This home’s value is elite for its street and neighborhood, so it may command a premium, but a professional market analysis is recommended for accurate pricing.
2. What are the implications of the smaller lot size?
The land area is below average for the street and neighborhood. This typically means less yard maintenance and potentially a more efficient exterior layout, but it may offer less privacy, smaller outdoor living space, and limited potential for expansions like large additions or pools.
3. The home sold in 2019. What can that history tell me?
The previous sale price (estimated between $300k-$350k in 2019) shows significant appreciation in assessed value since then. Reviewing the exact sale price and comparing it to the current assessment can provide insight into market trends, but it does not guarantee future performance.
4. As a newer home in an older area, are there any less obvious considerations?
While newer systems (roof, HVAC, etc.) are a major benefit, it’s wise to consider how the home’s style and scale fit with the surrounding properties. Also, verify if any newer neighborhood infrastructure (like updated water or sewer lines) accompanies the newer construction.
5. How can I verify the exact historical sale prices?
The provided data is from public records, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup from the site administrators, who will provide the details via email.