Property Overview: 499 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,196 sqft bungalow on a 4,998 sqft lot in Rossmere-B presents a solid, value-conscious opportunity in Winnipeg’s housing market. Built in 1957, it is newer than many homes on its street and in the wider neighborhood, which can suggest a potentially updated foundation or mechanical systems compared to immediate peers.
The home’s primary appeal lies in its efficient scale and established location. It offers more living space than the average home on Oakview Avenue and in Rossmere-B, providing good functional room without being oversized. The assessed value of $297k sits comfortably around the local averages but stands notably below the Winnipeg citywide average, highlighting a more accessible price point for a home of this size within the city limits. This combination suggests you are paying primarily for the structure and location, not a premium for excess land or square footage.
It would suit practical buyers looking for a manageable, move-in-ready home in a mature neighborhood without the premium of a newer development. It’s a strong candidate for first-time homeowners, downsizers, or investors seeking a stable rental property. A less obvious perspective is that its "around average" metrics across the board signal stability and predictability—it’s a property unlikely to be over-improved for the area, reducing the risk of overcapitalizing on future renovations.
Section 2: 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 2016. Current assessed value ($297k) is around the street average. For exact, verified sale prices of nearby properties, a manual lookup via the site’s email request service is needed.
2. Is the living space considered large for the area?
Yes. At 1,196 sqft, it ranks in the top 20% on Oakview Avenue and top 16% in Rossmere-B for living area, offering more space than many comparable neighboring homes.
3. What does the year built (1957) indicate?
It suggests the home is relatively newer than many in the immediate vicinity (where the average build year is 1950). This can sometimes correlate with updated electrical, plumbing, or insulation compared to older wartime or early-post-war builds.
4. Why is the citywide assessed value ranking lower than the neighborhood ranking?
The assessed value ($297k) is below the Winnipeg citywide average ($390k) because this metric includes all home types across all areas. It reflects that this property offers a more affordable price-per-square-foot within the city, not that it is undervalued in its local market.
5. How reliable is the sold price data provided?
The sold price ranges are based on publicly available data, not the MLS, and are presented in broad bands. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the service.