Property Overview
This well-maintained home at 2-70 Oak Forest Crescent in Assiniboia Downs offers a practical and comfortable living space. Built in 2014, it is a relatively modern property with a renovated basement, situated on a quiet crescent. The home’s appeal lies in its balance of recent construction, which suggests fewer immediate maintenance concerns, and the value-added potential of the finished lower level. Its living area of over 1,500 sq ft provides ample room for a small family or those needing dedicated space for a home office or hobbies.
The property would suit first-time buyers looking for a move-in-ready home without the quirks of an older build, or downsizers seeking a manageable single-level layout with the bonus of a finished basement for guests or storage. Its strong rankings within the neighbourhood for lot size and year built indicate it sits on a desirable street in a well-regarded area. A thoughtful perspective is that while it lacks a garage, the newer build and renovated basement offer a solid foundation where future owners could potentially add a detached garage if needed, making it a good canvas for those who want to add personal value over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings show how this property compares to others. For example, being in the top 1% for land area in its neighbourhood means the lot is larger than 99% of others nearby, which is a significant advantage for privacy and outdoor space.
2. Is the lack of a garage a major drawback?
It depends on your needs. While covered parking isn't available, the property's strong points are its modern construction, renovated basement, and spacious lot. For some buyers, the trade-off for a newer, low-maintenance home is worth arranging alternative parking or exploring the feasibility of adding a structure later.
3. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and doesn't always reflect recent renovations or current market conditions. The 2021 sale price of $590k is a more current indicator of its market worth, though a professional appraisal would provide the clearest picture.
4. What is the neighbourhood like?
Assiniboia Downs is a mature, established area. The property's high rankings for lot size and street desirability within the neighbourhood suggest it's on one of the more spacious and sought-after streets in the community, offering a quiet, settled atmosphere.
5. Are the nearby properties with the same address similar?
The listing shows several units at 70 Oak Forest Crescent, indicating this is likely a small condominium or townhouse complex, or a series of subdivided lots. This specific unit (number 2) stands out for its newer build year and larger living area compared to many in the immediate vicinity, offering more modern amenities within a cohesive community setting.