450 Seven Oaks Avenue

Property Overview

450 Seven Oaks Avenue is a well-maintained one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1952, it features 1,198 square feet of living space, a renovated basement, and a detached garage on a standard 4,496 sqft lot. The home’s standout feature is its assessed value of $35,500, which ranks in the top 10% for its street and the top 6% within Jefferson, indicating it is a high-value property within its immediate area. This suggests a history of solid maintenance or improvements relative to its peers.

Key Characteristics & Appeal

The primary appeal of this home lies in its strong value proposition within a stable, established neighbourhood. Its above-average assessment, combined with a living area that is comfortably sized for the area, presents a practical and efficient footprint. The renovated basement adds functional living space. The lot size is typical for the community, offering manageable outdoor space without excessive upkeep.

This property would suit first-time buyers or downsizers looking for a move-in ready, single-level home in a mature neighbourhood. It’s also a sensible choice for value-focused investors or buyers who prioritize a home that holds its worth well compared to neighbouring properties. A less obvious perspective is that a home with such a strong relative assessed value can provide a sense of financial security and stability, as it likely represents a well-kept asset in its local market context.

Frequently Asked Questions

1. What does the high assessed value ranking actually mean?
It means this property’s official municipal assessment is significantly higher than most comparable homes on its street and in Jefferson. This often reflects updates, additions, or superior condition that the city has accounted for in its valuation.

2. Is the living space sufficient for a small family?
At just under 1,200 sqft, plus a renovated basement, the space is functional for a small family. The one-storey layout may be preferable for young children or accessibility, but storage and bedroom space will be efficient rather than expansive.

3. What are the implications of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or project space without concerns about fumes or noise in the house. The trade-off is dealing with the elements when going between your car and home during Winnipeg winters.

4. How does the 1952 build year affect the home?
Homes from this era typically feature solid construction but may have older plumbing, electrical systems, or insulation. The renovated basement is a positive sign, but a thorough inspection is recommended to understand the condition of original components.

5. Why is the last sold price shown as a range?
The exact sale price is not always publicly available in Manitoba. The provided range is estimated from public data. You can request the precise figure from the site, which manually verifies the sale through proprietary records.