Property Overview: 37-381 Oak Forest Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, modern home built in 2010, offering a practical and comfortable living space of 1,522 sqft in Winnipeg's Assiniboia Downs area. Its key appeal lies in its strong position within its immediate community. The property ranks in the top tier for its street and neighbourhood, suggesting it is a standout home in a desirable local context. With a fully renovated basement, it provides valuable additional living space. The home last sold in late 2019, and its current assessed value is notably lower than that sale price, which may present an opportunity.
This property would suit a buyer looking for a move-in ready, contemporary home without the premium of a brand-new build. It’s ideal for someone who values a strong standing within a specific neighbourhood over a city-wide prestige address. The renovated basement adds flexibility for a growing family, a home office, or a recreation space. A thoughtful perspective is that this home represents a "sweet spot" – it's newer enough to avoid major immediate repairs, but not so new that you pay the highest premium for untouched finishes, allowing for personalization.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate area for metrics like lot size and value. For example, ranking in the "Top 1%" of the neighbourhood for land area means this lot is larger than 99% of others nearby, a significant advantage.
2. Why is the current assessed value so much lower than the 2019 sale price?
Municipal assessed value for taxes is not the same as market value and often lags behind market trends. The 2019 sale price reflects the market at that time, while the assessment is an administrative valuation. This discrepancy is common and should be evaluated alongside current market comparisons.
3. Is there a garage or pool?
No, the listing indicates there is no garage or pool. This is reflected in the "Garage—" and "Pool—" notations.
4. The nearby properties listed all have very similar addresses. What is this area like?
The data shows several properties on the same crescent, suggesting a townhouse or condominium-style complex. This often indicates lower-maintenance exterior living with shared common elements, which is a trade-off for the lack of a private garage.
5. How does the living space compare to typical Winnipeg homes?
At 1,522 sqft, this home's living area is larger than approximately 73% of all properties in Winnipeg, placing it comfortably above average for the city and offering ample room for most households.