Property Overview: 291 Seven Oaks Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Jefferson neighbourhood stands out for its substantial size and strong value metrics. Its primary appeal lies in its generous 2,560 sqft of living space, which places it in the top 1% of homes locally and citywide for size. This is complemented by a renovated basement, adding functional living area. The home is situated on a standard city lot with a detached garage.
The property’s assessed value is notably high for its immediate area and neighbourhood, ranking in the top 1%, suggesting it is a premium property within its context. Built in 1952, it is a relatively newer home for the Jefferson area. This combination of above-average size, updates, and a solid valuation profile makes it a standout.
This home would best suit buyers looking for ample interior space without a sprawling yard, who value a home that is a clear step above neighbourhood averages in terms of both size and perceived market value. It’s ideal for someone seeking a established, spacious character home with modernized living areas, possibly for a growing family or those who work from home and need the extra room.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in March 2024 for an estimated $44.5k–$47.5k, which aligns closely with its current $46.80k assessed value. This suggests the assessment is current and reflects recent market activity.
2. Is the living space typical for Jefferson?
No, it is exceptional. With 2,560 sqft, this home has over double the living area of the average comparable home in Jefferson (~1,029 sqft), placing it in the top 1% for the neighbourhood.
3. What does the "top 1%" ranking for assessed value mean in this area?
It indicates this home is assessed significantly higher than most of its neighbours. While the average assessed value for comparable Jefferson homes is about $28.30k, this property is assessed at $46.80k. This often reflects the larger size, renovations, and overall premium condition of the property relative to its surroundings.
4. The home was built in 1952. Is that old for this area?
Actually, it’s newer than average for Jefferson. The average comparable home in the neighbourhood was built around 1948, making this property slightly more modern than many of its peers.
5. What are the nearby properties like?
Immediate neighbours on Seven Oaks Avenue are similarly sized lots, but the recently sold nearby property at 294 St. Anthony Avenue provides a contrast: it’s older (1914) and much smaller (640 sqft) with a lower assessed value. This highlights how 291 Seven Oaks is a larger, more updated property within the community fabric.