Property Overview: 526 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 1,024 sqft bungalow, built in 1955, presents a solid, value-conscious opportunity in the Rossmere-B neighborhood. Its primary appeal lies in its above-average lot size—at 5,714 sqft, the property is in the top 5% for land area on its street—offering rare potential for expansion, gardening, or outdoor space compared to immediate neighbors. With an assessed value of $321k, it sits above the street average but below the city average, positioning it as a competitively priced home for the area.
The home would suit first-time buyers or downsizers looking for a manageable footprint in a stable, established neighborhood. It’s also a practical candidate for buyers who prioritize land over a large interior, seeing the lot as a long-term asset for future improvements or simply for enjoying more private outdoor space. A thoughtful perspective is that while the living area is below the city average, its efficient size and desirable lot create a balanced offering for those who value utility and potential over sheer square footage.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, a home at this address sold between $250k-$300k in late 2019. The current assessed value of $321k is above that range and above the street’s average assessed value, suggesting market growth or property improvements.
2. Is the living space considered small?
At 1,024 sqft, it is slightly below the Winnipeg average but is very typical for the Rossmere-B neighborhood and Oakview Avenue, where it ranks close to the average. It represents a standard floor plan for a 1950s bungalow.
3. What does the "Elite" ranking for land area mean?
This means the property’s lot size of 5,714 sqft is larger than 95% of comparable homes on Oakview Avenue. It’s a standout feature that offers more yard space than most in the immediate vicinity.
4. Where can I find exact historical sold prices?
The site provides sold price ranges publicly. To receive verified, exact sold price figures, you must request them via email from the service, as they are not sourced from the MLS and require a manual lookup.
5. Are the comparable nearby properties similar?
The listed nearby properties are similar in era (mostly mid-1950s) and living area, though assessed values vary. This confirms the home is characteristic of the area, with its lot size being a differentiating factor.