Property Overview: 352 Seven Oaks Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Seven Oaks Avenue in the Jefferson neighbourhood is a straightforward, no-frills property. Built in 1919, it offers 918 sqft of living space with an unfinished basement and sits on a 3,749 sqft lot. There is no garage or pool. Its assessed value is notably low, reflecting its vintage and condition.
The primary appeal lies in its affordability and potential. It represents a clear entry point into the Winnipeg market, particularly for a buyer comfortable with a home that needs updating. The lot size, while below average for the city, is typical for the immediate area and offers standard outdoor space. Its location provides the practical benefits of an established neighbourhood.
This property would best suit a budget-conscious first-time buyer, an investor looking for a rental property with a low entry cost, or a hands-on individual viewing it as a long-term renovation project. It’s less suited for those seeking modern finishes, ample indoor space, or a turn-key home without immediate work.
A less obvious perspective is that its age and lower assessed value could translate to relatively lower property taxes, which is a meaningful ongoing cost consideration. Additionally, as a smaller, older home in a mature neighbourhood, it may attract interest from those looking to downsize or minimize their footprint without leaving the community.
Section 2: Frequently Asked Questions
1. What is the actual selling price?
The provided data shows estimated past sale ranges. For the exact historical sold prices, you must request the information directly via email from the listing source, as this data is manually verified and not publicly displayed in detail.
2. What does "below average" ranking mean for this home?
The rankings compare this home to others on its street, in Jefferson, and city-wide. For most metrics like size, value, and lot, it ranks in the bottom 20-40% of comparable properties. This quantitatively confirms its status as a smaller, older, and more affordable option within these contexts.
3. What are the implications of the unfinished basement?
The basement is noted as "not renovated." This means it is in a rough, utilitarian state. It offers storage and mechanical space but would require significant investment to be finished into livable area, which is a key factor in its lower valuation.
4. How does the 1919 build year affect the home?
A home from 1919 will likely have older building materials, systems (like wiring and plumbing), and a layout that differs from modern expectations. Prospective buyers should budget for inspections and potential updates to ensure safety and efficiency.
5. Are the recent sale prices for similar homes on this street a good indicator?
Nearby homes on Seven Oaks Avenue have recently sold in a range similar to this home's assessed value. This suggests the area has a consistent, lower-price threshold, which can provide market stability but may also indicate slower appreciation compared to hotter city segments.