494 Oakview Avenue

Property Overview: 494 Oakview Avenue, Winnipeg

Key Characteristics & Appeal

This 987 sqft bungalow, built in 1956, presents a solid, no-fuss home in the Rossmere-B neighborhood. Its appeal lies in its established setting and relative value. The home is newer than most on its street and in the area, which can suggest updated infrastructure or less immediate need for major retrofits common in older builds. With an assessed value of $321k, it sits above the street average but below the Winnipeg city average, positioning it as a potentially good-value entry into a stable neighborhood. The lot size is modest for the area, which translates to less yard maintenance—a plus for those seeking a simpler footprint.

This property would suit first-time buyers or downsizers looking for a manageable, single-level home in a mature community. It’s a practical choice for someone prioritizing location and a move-in-ready foundation over expansive square footage or a large yard. The data suggests you’re buying into a street and neighborhood where the home’s key attributes are competitive, offering a sense of stability without a premium city-wide price tag.

Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 987 sqft, the living area is very close to the averages for both Oakview Avenue (1,027 sqft) and the Rossmere-B neighborhood (1,047 sqft). It is, however, below the Winnipeg city average, which is typical for many established mid-century neighborhoods.

2. Is the assessed value in line with the area?
Yes. The $321,000 assessment is above the average for the street but aligns closely with the neighborhood average. City-wide, it sits below average, indicating potential value relative to many other parts of Winnipeg.

3. What is the property’s history?
Public records show the home was last sold between $250,000 and $300,000 in June 2019. For fully verified sales history and exact figures, a manual lookup through the site is required.

4. How does the lot size impact the property?
The 4,390 sqft lot is smaller than most on the street and in Rossmere-B. This means less outdoor maintenance but also less private space. It’s a trade-off that can appeal to those seeking a lower-maintenance property.

5. Are there similar properties nearby for comparison?
Yes. The listing provides several nearby references on Oakview, Dunrobin, and Hazel Dell Avenues, with similar year-built (mid-1950s), living areas, and assessed values, offering a clear picture of the local market.