Property Overview: 330 Oak Forest Crescent
This two-storey home in Assiniboia Downs presents a rare combination of space, modern updates, and established privacy. Built in 2008, it sits on an exceptionally large lot of over 25,000 sqft, placing it in the top tier of properties in Winnipeg for land size. The home itself is spacious at over 4,000 sqft of living area and features a renovated basement, an attached garage, and a private pool.
Its appeal lies in offering a substantial, move-in-ready family estate with room to breathe, all within the city. The lot provides unparalleled potential for outdoor living, gardening, or future expansion. It would best suit buyers looking for a permanent family home with ample indoor and outdoor space, who value privacy and room for recreation without leaving the city limits. A thoughtful perspective is the long-term value of the land itself; in a market where lot sizes are shrinking, this much green space is a finite asset. Additionally, while the home is modern, its 2008 build means major components are likely still in good condition, potentially offering a period of lower maintenance costs compared to both newer and older homes.
Frequently Asked Questions
1. How does the assessed value compare to the likely listing price?
The assessed value is listed at $195.80k, which is typically for municipal tax purposes. It is common for the market price of a property of this size and with these features (pool, extensive renovations) to be significantly higher than its assessed value.
2. What does the "rank by area" and other rankings mean?
These rankings show how this property compares to others. For example, its land area is in the top 1% in Winnipeg, and its living area is in the top 0%. This quantifies that you are looking at an exceptionally large property relative to almost all others in the city.
3. Is the pool an asset or a liability for resale?
It can be both. For the right buyer, it's a premier luxury and recreational feature. However, some buyers may see it as added maintenance or a safety concern. Its presence suggests the property is geared towards a lifestyle that enjoys outdoor leisure and entertainment.
4. The nearby comparable properties have much lower assessed values. Why?
The listed nearby properties are generally on standard-sized lots with smaller, older homes (many from the 1960s and 70s). This highlights that 330 Oak Forest Crescent is a distinct, premium property within its broader area, not directly comparable to its immediate neighbours in terms of scale or modern amenities.
5. What are the potential considerations of such a large lot?
While offering great privacy and space, a lot of this size requires more time and/or expense for landscaping, snow clearing, and general upkeep. It's ideal for those who enjoy gardening, hire maintenance services, or prioritize land over convenience.