378 Oak Forest Crescent

Property Overview: 378 Oak Forest Crescent

Key Characteristics & Appeal

This well-maintained, one-storey home in Assiniboia Downs is defined by its substantial, private lot and modern foundation. Built in 2009, the property sits on an exceptionally large 17,574 sqft lot, placing it in the top 2% of Winnipeg for land area. The home itself offers a comfortable 1,986 sqft of living space and features an attached garage and a renovated basement. Its assessed value is notably high for its street and neighbourhood, suggesting above-average improvements or desirability.

The primary appeal lies in a rare combination: a modern, low-maintenance bungalow paired with the expansive yard space typically found on older properties. This suits buyers seeking single-level living without sacrificing outdoor privacy, room for gardens, or future additions. It’s an ideal match for empty-nesters, small families wanting room to play, or anyone who values a generous personal oasis within the city. A thoughtful perspective is the long-term flexibility the lot provides; it offers space for potential expansions like a sunroom, workshop, or pool, which are often impossible on newer, denser subdivisions.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is exceptionally large, ranking in the top 2% across all of Winnipeg. It is significantly bigger than most properties in its immediate area, offering a level of privacy and space that is now uncommon for homes built in this era.

2. The home sold in 2017 for $700k, but the current assessed value is much lower. Why?
Assessed value for tax purposes is not a direct indicator of market value. The 2017 sale price reflects the market at that time, while the current assessment is an administrative valuation used by the city for calculating property taxes. Market value is determined by current conditions, recent comparable sales, and the property's specific features.

3. What does having a "renovated basement" typically include?
While specifics would require a viewing or disclosure from the seller, a renovated basement in a home of this age generally means it has been finished into livable space, potentially including areas such as a recreation room, additional bedrooms, a bathroom, or a home office.

4. Is the property in a flood zone or area with known issues?
This information is not provided in the basic details. A buyer or their agent should consult the City of Winnipeg's flood zone maps and conduct due diligence to investigate any area-specific environmental or foundation concerns.

5. The "rank" statistics show the home is newer than many on the street but has less living space than most. What does this mean?
This indicates the home was built more recently than many of its neighbours (top 22% on its street for year built), but its floor plan is more compact than other larger homes in the area. This can be an advantage, offering modern construction and efficiency while the large lot provides the feeling of more space.