Property Overview: 2 Oakhurst Crescent
Section 1: Key Characteristics & Appeal
This 1989 four-level split home in Leila-Mcphillips Triangle offers 1,607 sqft of living space on a 6,133 sqft lot, featuring a renovated basement and an attached garage. Its core appeal lies in its balance of space, updates, and location value. While the home is slightly smaller and on a more compact lot than its immediate neighbours on Oakhurst Crescent, it stands above the Winnipeg citywide average for living area and land size. This suggests a solid, efficient footprint in a well-established area.
The home suits practical buyers looking for a move-in-ready property with recent renovations, eliminating the need for immediate major projects. It’s particularly fitting for small families, couples, or downsizers who value distinct living levels for separation and privacy. A thoughtful perspective is its assessed value, which is modest for the street but average for the broader neighbourhood, potentially indicating room for equity growth as updates are recognized or if area values rise. The data shows a steady appreciation in past sales, pointing to a stable investment in a mature community.
Section 2: Frequently Asked Questions
1. How does this home really compare to others in the area?
While its living area is below the average for Oakhurst Crescent itself, it is larger than the typical Winnipeg home. This means you get a property that feels spacious compared to much of the city, but is more modestly sized within its own cul-de-sac or crescent, which often features larger lots and homes.
2. What does the sold price history indicate?
The home sold previously in 2018 and 2021, showing a clear increase in value over that three-year period. This trend suggests a history of appreciation, though, as with any property, future market conditions will apply.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify a separate kitchen or entrance. It’s best to confirm the exact layout and permits with the listing agent to understand its potential as a rental suite or in-law accommodation.
4. The assessed value seems low for the street. Why?
At $42.70k, the assessment is in the lower tier on Oakhurst Crescent. This can be due to the smaller lot and living area relative to neighbours, or the timing of the assessment relative to the basement renovation. It’s important to distinguish municipal assessed value for taxes from current market value.
5. What is the neighbourhood character?
Leila-Mcphillips Triangle is a mature, established area with homes primarily from the late 1980s and 1990s. The property rankings show the home is newer than many in Winnipeg, offering a balance between established streetscapes and relatively modern construction.