121 Oak Forest Crescent

Property Summary: 121 Oak Forest Crescent

Key Characteristics & Appeal

This well-situated family home in Assiniboia Downs offers a compelling blend of space, modernity, and established value. Its most defining feature is the generous 11,306 sqft lot, which places it in the top 5% of the neighbourhood for land area. This provides exceptional outdoor space for gardening, recreation, and future expansion. The home itself is a renovated, one-storey bungalow built in 2010, offering modern systems and a manageable layout with 1,657 sqft of living space. The appeal lies in this balance: a newer, low-maintenance home on a much larger-than-average lot—a combination that is increasingly rare in newer subdivisions.

The property’s strong and consistent market performance is a key characteristic. It has sold twice in recent years, each time at a price that places it in the top 3-5% of all Winnipeg properties, indicating sustained high demand for this specific offering. It suits buyers looking for a move-in-ready home with room to breathe, particularly families or downsizers who value single-level living but don’t want to compromise on yard size. The renovated basement adds valuable flexible space. A thoughtful perspective is that this home appeals not just for what it is, but for what it represents: a secure, long-term holding in a mature area with metrics that consistently outperform wider city averages.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
Being in the top 5% of the neighbourhood for lot size means this property has significantly more land than most homes in the immediate area. This offers more privacy, potential for additions like a deck or shed, and simply more usable outdoor space.

2. The home is newer (2010), but is the neighbourhood established?
Yes. While the home is modern, Assiniboia Downs is a well-established community. This means mature trees, settled infrastructure, and known community amenities, combined with the benefits of a newer build.

3. How significant is the recent sale history?
The home sold in April 2023 for $74.80k. The fact that this price ranks in the top 3% city-wide suggests the property holds a unique, premium position in the market that buyers have been consistently willing to pay for, even through different market cycles.

4. Is a one-storey layout efficient for a family?
A bungalow layout offers excellent accessibility and clear sightlines, which many families appreciate. The renovated basement effectively doubles the usable space, providing room for recreation, guests, or a home office, making the overall footprint very functional.

5. The assessed value seems low compared to recent sale prices. Why?
Municipal assessed value for taxation purposes often lags behind current market value, which is determined by recent sales. The consistent sale prices well above the assessed value indicate strong market demand that the formal assessment hasn’t yet captured.