Property Overview: 648 Oakenwald Avenue, Crescent Park, Winnipeg
Key Characteristics & Appeal
This 1985-built, four-level split home sits on a 5,043 sqft lot in Winnipeg's Crescent Park neighbourhood. With 1,483 sqft of living space, the home offers above-average roominess for both its immediate street and the broader area. Its key appeal lies in its modern age relative to the community; built in 1985, it is notably newer than most homes on Oakenwald Avenue and in Crescent Park, potentially meaning fewer concerns with outdated major systems. The property features a detached garage and an unrenovated basement, presenting a solid blank canvas.
The home suits practical buyers looking for a well-sized, relatively modern structure in a mature neighbourhood. It’s ideal for someone who values a larger living area and a newer build date over a massive lot, and who sees potential in a basement that awaits their personal touch. The sale history shows it sold for $430k in May 2022, a price that was above average for the street, indicating a perceived premium for its characteristics at that time.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is 5,043 sqft, which is below the average for both Oakenwald Avenue and the Crescent Park neighbourhood, but is close to the city-wide average. This suggests a more manageable yard for maintenance while still providing outdoor space.
2. Why is the year built highlighted as a key feature?
The home was built in 1985, making it significantly newer than the typical home on its street (average year built: 1949) and in Crescent Park (average: 1956). This "newer" build in an older area can be a major advantage for maintenance and system updates.
3. What does "above average" for living area mean here?
With 1,483 sqft, the home has more living space than approximately 79% of comparable homes on its street and 72% in the neighbourhood. For buyers seeking interior space, this is a relative strength of the property.
4. Is the assessed value a reliable indicator of the expected sale price?
The assessed value is a municipal figure for tax purposes and is not a market appraisal. The home last sold for $430k in 2022, which is a more relevant, though historical, data point for understanding its market value.
5. What should I know about the basement?
The listing specifies the basement exists but is "not renovated." This indicates it is functional space but requires finishing or updating, representing both a project and an opportunity for customization and added value.