Property Overview
This home at 19 Oakleigh Place presents a practical and value-oriented opportunity in Winnipeg's Varennes neighbourhood. Built in 1919, it is one of the older homes on its street and in the broader area. With 1,040 sqft of living space, it is modestly sized compared to local and city averages. Its key financial characteristic is a below-average assessed value of $247k, which is notably lower than averages on its street ($323.9k), in Varennes ($318.6k), and citywide ($390.1k). The lot size of 5,003 sqft is a standout feature, offering above-average outdoor space for the immediate street.
The appeal here is rooted in affordability and land potential. It suits a first-time buyer, an investor, or a hands-on owner looking for a lower entry point into the market. The below-average assessment could indicate an opportunity, but it also suggests the home may require modernization. The generous lot size is a long-term asset, offering room for gardens, expansion, or future development, subject to zoning. This property is for a buyer who sees value in the land and is prepared for the realities and potential of a century-old home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages?
A below-average assessment can be due to several factors common with older homes, including a smaller living area, outdated systems or finishes, and a need for renovation. It primarily reflects the city's valuation for tax purposes, not necessarily the market sale price, but it often signals a more affordable entry point.
2. What does it mean that the home is "older" than most in the area?
Built in 1919, this home is among the oldest 10% in its neighbourhood. This can mean charming character but also a higher likelihood of aging infrastructure (like plumbing, wiring, or the foundation) needing attention. It's wise to budget for maintenance and updates.
3. Is the larger lot size a significant advantage?
Yes. With a 5,003 sqft lot that is larger than many on its street, the property offers more private outdoor space and potential. This could be valuable for families, gardening enthusiasts, or for future property enhancements, making it a key asset that newer homes in denser developments often lack.
4. Who would this property be most suitable for?
It's best suited for practical buyers: a first-time purchaser comfortable with a project, an investor looking for a rental property with a manageable entry cost, or a homeowner who prioritizes land size over a move-in-ready interior and has the skills or budget for gradual improvements.
5. How does this home rank for living space, and what does that imply?
At 1,040 sqft, the living area is around the average for its street and neighbourhood but below the Winnipeg city average. This indicates efficient, compact living. It's adequate for a small family or couple but may feel cramped for those needing multiple large bedrooms or dedicated office spaces without modification.