Property Overview
307 Seven Oaks Avenue is a well-maintained one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1960, its key feature is a recently renovated basement, adding modern living space to the 1,289 sqft floor plan. The property includes a detached garage and sits on a 3,749 sqft lot.
The home’s appeal lies in its strong positioning within its immediate area. It offers above-average living space and a notably newer build year compared to most homes on its street and in Jefferson. The renovated basement is a practical upgrade that adds immediate utility. While the lot size is more compact than area averages, this often translates to less yard maintenance. The home would suit first-time buyers or downsizers looking for a move-in-ready, single-level layout in an established neighbourhood, and it represents a solid value proposition within its local market.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,289 sqft, the living area is above average for both Seven Oaks Avenue and the wider Jefferson neighbourhood, ranking in the top 15-24% of comparable local homes.
Is the assessed value a good indicator of the likely selling price?
The assessed value is a municipal calculation for tax purposes. The most recent sold price data (Fall 2024) shows a range significantly higher than the assessed value, indicating strong market demand for homes in this condition and location.
What are the implications of the home being newer than most on the street?
Built in 1960, it is newer than many neighbouring homes. This can suggest updated core systems (like wiring or plumbing) compared to much older stock, potentially reducing immediate repair needs.
The lot is noted as smaller than average. What does that mean practically?
The 3,749 sqft lot is below the area average. This typically means less yard work and lower outdoor maintenance, which can be a benefit for those seeking a manageable property size.
What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation, determine if it includes a legal suite or additional bedrooms, and understand how it integrates with the main living space.