Property Overview: 564 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established neighborhood value. Built in 1984, it is notably newer than most homes on its street and in the Rossmere-B area, suggesting potentially fewer concerns with aging infrastructure and major systems. With 1,052 sqft of living space, it offers a practical, average-sized layout for the locale.
The standout feature is its assessed value of $381k, which ranks in the elite top 4% for both its immediate street and the wider neighborhood. This indicates the property is viewed as a premium asset within its local context, likely due to its newer construction, specific upgrades, or lot attributes. While the lot size is slightly below average for the area, the home itself represents a high-value proposition in a community of predominantly older homes.
Its appeal lies in offering a more contemporary living experience within a mature, stable neighborhood. It would suit buyers looking for a move-in-ready home without the premium of a brand-new subdivision, or those who value a property with strong assessed value fundamentals relative to its immediate peers. It’s a solid choice for practical buyers who appreciate a home that stands out for its condition and official valuation in its micro-market.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value places this home in the top 4% for its street and neighborhood. This is likely due to its more recent 1984 construction year compared to the area's average (1950-1955), which can mean newer major components like roofing, plumbing, and wiring, resulting in a higher valuation.
2. How does the sold price range compare to the assessed value?
The home sold for an estimated $300k–$350k in August 2024, which is below its $381k assessed value. This is not uncommon, as market sale prices and municipal assessments for tax purposes are determined by different methods and can vary. The sold price placed it in the top 36-46% for the area.
3. Is the living space sufficient for a small family?
At 1,052 sqft, the living area is very close to the neighborhood average (~1,047 sqft). It is a typical size for the area and can accommodate a small family, though layouts and room sizes should be verified via a viewing or floor plan.
4. What does the "below average" land area ranking mean practically?
The lot is 4,755 sqft, which is smaller than many in Rossmere-B. This may mean a more compact backyard or less distance between homes, but it also typically translates to less exterior maintenance.
5. How can I get the exact sold price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sold records are not displayed. You can request the exact figure via email through the site’s provided form, and they will manually look it up and send it to you.