Property Overview: 153 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1943, presents a practical opportunity in Winnipeg's Kildonan Drive area. With 1,129 sqft of living space, it offers more room than many similar homes on its street, placing it in the top 27% for size within its immediate peer group. The property sits on a just-under 5,000 sqft lot, which is typical for the avenue but smaller than many in the broader Kildonan Drive area. It features a basement (not renovated) and a detached garage.
The primary appeal lies in its value proposition and potential. The home's assessed value is notably below average for its street and neighbourhood, which could indicate an entry-level price point for a buyer comfortable with a property that may require updates. Its above-average living area for the street suggests a solid foundation to work with. This property would suit a first-time buyer, an investor, or a hands-on homeowner looking for a character home with room to grow its value through renovation. It’s a home that asks for a vision rather than offering immediate turn-key perfection, appealing to those who see value in proportional space and the chance to customize.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value actually indicate?
While a lower assessment can suggest a more affordable entry price, it often reflects the home's age, condition, and the fact it hasn't been renovated. It's a key metric for understanding potential property taxes, but also a signal that the interior may need modernization.
2. How does the living area compare in a practical sense?
At 1,129 sqft, it provides more space than the average comparable home on Oakview Avenue (~1,027 sqft). This means you're getting a proportionally larger home for the street, which is a positive, but it's still a compact footprint typical of its era.
3. What is the significance of the lot size?
The lot is average for Oakview Avenue but below average for the wider Kildonan Drive area. This means you have a standard yard for the street, but shouldn't expect the larger lot sizes found elsewhere in the neighbourhood. It's manageable for maintenance.
4. The home last sold in 2016. What should I consider?
The sold price from nearly a decade ago is not a reliable indicator of current market value. It does, however, suggest a period of stable ownership. A key question would be what, if any, updates have been made since that time.
5. Who are the most likely neighbours or comparable buyers?
Given its profile, this home likely appeals to a similar demographic as the referenced nearby property at 31 Oakview Avenue: owners of modest, older homes on the street. Buyers would be those prioritizing location and lot over new finishes, possibly willing to undertake projects over time.