Property Overview & Key Characteristics
This well-situated one-storey home at 172 Seven Oaks Avenue offers a classic Winnipeg footprint with notable space and land. Built in 1954, its primary appeal lies in its generous 6,867 sqft lot, which ranks in the top 4% for size on its street, and its above-average living area of 1,573 sqft. The home features a detached garage and a basement (not renovated), but no pool. Its assessed value is modest relative to its last sale price of $320,000 in 2021, which may indicate different market conditions or present a talking point for valuation.
The property’s strength is its established, spacious setting in the Seven Oaks neighbourhood. It suits buyers looking for a solid starter home or a long-term residence with ample outdoor space for gardening, play, or expansion. It would also appeal to value-oriented purchasers who prioritize land size over a modernized interior, seeing potential in the existing structure and the unrenovated basement as a blank canvas. A less obvious perspective is its appeal to those seeking stability; its size rankings suggest it’s a larger, more permanent fixture on a street that includes a mix of smaller and older homes, offering a sense of established space.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessed value?
The home sold for $320,000 in April 2021, while its current assessed value is listed at $33,400. This significant difference is typical; the assessed value is for municipal tax purposes and is not an indicator of current market value. The sale price from 2021 is a more relevant benchmark, though market conditions have shifted since then.
2. What does the "not renovated" basement mean?
The listing confirms the basement exists but is not renovated. Buyers should anticipate a functional but unfinished space, likely suitable for storage, utilities, and laundry, but not as livable family space without potential investment.
3. The lot size is a top ranking feature. What are the implications?
With a lot size in the top 4% on its street, this property offers more outdoor space than most in the immediate area. This allows for greater privacy, landscaping potential, and could be a long-term asset for expansion, such as adding a deck, garden, or even an addition, subject to zoning.
4. Who are the typical neighbours or comparable properties?
The immediate neighbours are similar one-storey homes on Seven Oaks Avenue. The listing also shows interest in a range of nearby properties, mostly in Seven Oaks and Jefferson, which are generally older homes (1910s-1950s) with varying sizes and values, indicating a mature, established neighbourhood.
5. What is the significance of the year-built ranking?
Built in 1954, the home is newer than 71% of properties in Winnipeg but ranks only in the top 29% city-wide for age. This indicates it’s a mid-century home in a city with many older and newer builds. In its own neighbourhood and street, it ranks in the top ~14%, meaning it’s actually one of the newer homes in that specific, well-established area.