Property Overview: 20 Oakleigh Place, Varennes, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 20 Oakleigh Place presents a balanced and practical offering in Winnipeg's Varennes community. Its primary appeal lies in providing above-average interior space at a below-average city-wide tax assessment value, creating a compelling value proposition.
The 1,130 sqft living area is notably larger than both the immediate street (avg. 977 sqft) and neighbourhood (avg. 997 sqft) averages, ranking in the top 27% locally. This is paired with a tax assessment of $299,000, which is significantly lower than the Winnipeg average of $390,000, placing it in the top 71% for affordability city-wide. Essentially, you get more house for your money compared to the broader market. The lot size of 4,999 sqft is very typical for the Varennes area.
Built in 1924, the home is older than most in Winnipeg, suggesting potential for character but also implying that its condition and any updates will be key considerations. This profile suits value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize interior space and manageable property taxes over a newer build. It’s ideal for someone looking for a solid foundation in a established neighbourhood, who is comfortable with a home of this vintage and may see potential in its classic proportions.
Section 2: Frequently Asked Questions
1. What does the tax assessment value really tell me?
The assessed value of $299,000 is used to calculate your property taxes and is typically lower than market value. Its ranking shows this home's taxes are likely more manageable than for most homes in Winnipeg, a tangible ongoing cost saving.
2. The home is older than average. What should I focus on?
Given its 1924 construction, a thorough inspection is essential. Pay special attention to the foundation, roof, plumbing, electrical systems, and insulation. These are the critical, less-visible elements that can determine whether this is a move-in-ready home or one requiring strategic updates.
3. The living space is larger than neighbours' homes, but the lot is average. What does this mean?
This suggests the home's footprint efficiently utilizes its lot. You benefit from more interior room without the added maintenance of a larger yard, which can be a practical advantage.
4. How meaningful are the "rankings" provided?
They offer excellent context. For example, ranking 6th out of 23 on the street for living space confirms it's genuinely a spacious home for that specific block, not just on paper. The different geographic scales (street, community, city) help you understand where the home's strengths are most pronounced.
5. Is the below-average city assessment a red flag?
Not necessarily. It can reflect the home's age, the specific market conditions in Varennes, or the assessed values in the area. It's a starting point for discussion. Your real estate agent can provide a Comparative Market Analysis (CMA) to establish a current fair market value for buying or selling.