Property Overview: 479 Seven Oaks Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, single-storey home built in 1948, situated on a notably generous lot in the Jefferson area. Its primary appeal lies in the balance between a modest, renovated living space and a land parcel that is larger than most on its street. With 792 sqft of living area, the house itself is smaller than average for the neighbourhood and city, positioning it as an efficient, low-maintenance footprint. However, its 4,999 sqft lot ranks in the top 14% for size on Seven Oaks Avenue, offering valuable outdoor space and potential.
The home features a renovated basement and an attached garage. Its assessed value is consistent with area averages, suggesting a stable, mid-range valuation for Jefferson. Recent sales history indicates steady market activity.
This property would best suit first-time buyers or downsizers seeking an affordable entry into a established neighbourhood without the upkeep of a large house, but with the benefit of a sizable yard for gardening, pets, or future expansion. It’s a practical choice for those who prioritize land value and location over square footage, offering a chance to live in a mature community while keeping utility and maintenance costs relatively low.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 792 sqft home is compact, the renovated basement provides additional functional space. The trade-off is a lower-maintenance interior paired with a larger-than-average lot, which some buyers may prefer.
2. How does the lot size compare?
The nearly 5,000 sqft lot is a standout feature for this street, placing it well above the average for Seven Oaks Avenue. This is a key asset of the property.
3. What does the assessed value tell me?
The assessed value is around the neighbourhood average, indicating the property is not over- or under-valued compared to immediate peers. It reflects a stable, mid-range position in the local market.
4. Are sold prices for this home available?
Exact historical sold prices are available upon direct request. Public data shows a sale occurred in October 2017, and the current listing provides a comparative price range for context.
5. What is the likely maintenance picture for a home of this age?
Built in 1948, major systems like the roof, foundation, and plumbing should be thoroughly inspected. While the basement has been renovated, the age of the home means budgeting for updates and repairs common to houses from this era is prudent.