Property Overview: 497 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home at 497 Oakview Avenue in Rossmere-B is a well-situated, mid-century property that represents a solid entry point into the Winnipeg market. Built in 1956, it is newer than many homes on its street and in the immediate area, which can be an advantage for systems and structure. With 942 square feet of living space, it is competitively sized for its neighborhood and street, though modest compared to the city-wide average. The assessed value of $305,000 aligns very closely with local averages, suggesting it is priced appropriately within its context.
The appeal lies in its established neighborhood setting and its position as a manageable, typically-sized home for the area. It’s not an outlier in any major category—size, value, or lot—which can indicate stability and reduce the risk of overpaying relative to the community. The lot size, while below average for Rossmere-B, is near-typical for Oakview Avenue itself, offering a balanced outdoor space without excessive maintenance.
This property would suit first-time buyers or downsizers seeking a straightforward, no-surprises home in a mature neighborhood. It’s also a practical fit for investors or buyers focused on value preservation, as its metrics consistently hover around local averages rather than at extremes. The data suggests a property that is fundamentally in step with its surroundings, offering a sense of predictability.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 942 sqft, the living area is very close to the average for both Oakview Avenue (1,027 sqft) and the Rossmere-B neighborhood (1,047 sqft). It provides a comfortable footprint typical for the area, though it is smaller than the average Winnipeg home.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $305,000 is a municipal valuation for tax purposes. Notably, it sits almost exactly at the street average and slightly below the neighborhood average. Recent sold data from 2019 shows a price between $250k-$300k, but market conditions have likely shifted. It’s a useful benchmark, but a current market evaluation is essential.
3. What are the implications of the 1956 build year?
Built in 1956, this home is newer than over 80% of the houses on Oakview Avenue. This can be a positive, suggesting potentially updated infrastructure compared to older neighbors, but it still means a nearly 70-year-old home. A thorough inspection of the roof, wiring, plumbing, and foundation is always recommended.
4. How does the lot size affect the property?
The lot of 4,698 sqft is slightly smaller than the Rossmere-B average but standard for its specific street. This typically means a manageable yard for gardening or recreation without the upkeep demands of a much larger parcel.
5. Where can I find verified past sale prices for this home?
The provided data notes that exact sale figures are not displayed due to industry rules. The site offers to manually look up and email the full transaction history upon request, which is the most reliable way to obtain verified past sale prices for this specific address.