Property Overview
This one-storey home at 435 Seven Oaks Avenue in Winnipeg's Jefferson neighbourhood presents a specific and compelling value proposition. Its key appeal lies in a notable contrast: while its 824 sqft living space is modest and below average for the area, its assessed value of $33,800 ranks highly compared to immediate neighbours. This suggests the property is valued for more than just its square footage. Key features include a renovated basement, a detached garage, and a standard 4,496 sqft lot. Built in 1950, its age is typical for the street.
The property would suit a pragmatic, value-conscious buyer. It's ideal for a first-time homeowner comfortable with a smaller footprint, an investor seeking a property with a strong assessed value relative to its peer group, or someone looking for a manageable, single-level living space with updated fundamentals (the basement) already in place. Its above-average assessment ranking on the street and in Jefferson indicates it may be seen as a solid asset within its specific market context.
Frequently Asked Questions
Is the house unusually small?
Yes, at 824 sqft, the living area is below the average for both Seven Oaks Avenue and the wider Jefferson area. This is a compact, efficient layout.
Why is the assessed value ranked so much higher than the size?
The assessment ranking in the top 15% on the street, despite the smaller size, suggests factors like the renovated basement, lot utility, property condition, or recent improvements are positively influencing its official valuation.
What does the sold price history indicate?
The home sold in December 2023 for an estimated $29.5K-$32.5K. This recent sale provides a concrete market benchmark close to its current assessed value.
Is the lot size a pro or a con?
At just under 4,500 sqft, the lot is very average for the area. It provides standard outdoor space for a home of this era without being a large maintenance burden or a standout feature.
Who are the typical neighbours?
The immediate neighbours on Seven Oaks Avenue are similar one-storey homes, primarily from the mid-20th century. The data shows a mix of property sizes and values, indicating a mature, unpretentious residential street.