Property Overview: 576 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 884 sqft bungalow on a 5,228 sqft lot in Rossmere-B presents a practical opportunity in Winnipeg’s housing market. Built in 1955, it is newer than many homes on its street. Its primary appeal lies in its efficient scale and lot size. While the living space is below area averages, the lot is notably larger than most on the block, offering valuable outdoor space or future expansion potential in a settled neighborhood.
The home suits first-time buyers or downsizers seeking a manageable footprint without a sprawling yard to maintain. Its assessed value sits comfortably around the local average, suggesting a stable, entry-level investment in a well-established community. A thoughtful perspective is that a smaller, well-maintained home on a generous lot can offer lower utility costs and property taxes compared to larger area homes, while preserving the option to enhance or extend the living space over time.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
At 884 sqft, the living area is below the averages for the street (1,027 sqft), the Rossmere-B area (1,047 sqft), and the city overall. This indicates a more compact, efficient layout.
2. Is the lot size a positive feature?
Yes. The 5,228 sqft lot ranks in the top 11% on Oakview Avenue, meaning it’s significantly larger than most neighboring properties. This is a distinct advantage for privacy, gardening, or potential additions.
3. What is the context for the assessed value?
The assessed value of $295k is around the average for the street and neighborhood, but below the Winnipeg citywide average. This reflects the home’s smaller size and its location, positioning it as a competitively priced option within its immediate area.
4. Are recent sale prices available for this home?
Public records indicate the home sold between $250k-$300k in January 2024. For fully verified and exact historical sale figures, a manual lookup through the site’s service is required.
5. What are the nearby homes like?
Immediate neighbors on Oakview Avenue are similar vintage bungalows, typically from the 1950s. The provided comparisons show a mix of slightly larger homes and similarly sized ones, with assessed values generally ranging from the high $200ks to low $300ks, confirming this property is in line with the local market.