Property Overview & Key Characteristics
This home at 3 Oakhurst Crescent is a well-established property in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Built in 1988, it offers 1,478 sqft of living space on a generous 6,593 sqft lot. The appeal here lies in its solid, citywide value proposition. While its size and assessed value are below average for its specific street, they are competitive or above average when viewed across the broader neighbourhood and city, suggesting it represents a practical entry point into a mature area. The lot size is a particular asset, offering more outdoor space than many citywide comparables.
It would suit first-time buyers or downsizers looking for a manageable home with room to garden or enjoy outdoor living, without the premium price tag of a larger or newer home on the same crescent. It’s a property for those who value neighbourhood character and lot size over having the biggest or newest house on the block, and who are comfortable with a home that may benefit from personal updates over time.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for Oakhurst Crescent itself, but is around the neighbourhood average and above the citywide average. This indicates it may offer a more affordable option on a desirable street.
2. Is the house considered small for the area?
Yes, the living area is below the average for Oakhurst Crescent. However, it is very close to the average size for the wider Leila-Mcphillips Triangle neighbourhood and is actually slightly larger than the average Winnipeg home, making it a standard-sized property in a broader context.
3. What can the recent sale price range tell me?
The property sold for an estimated $450,000-$500,000 in 2024. This final sale price significantly exceeded its assessed value, which is common, and places it in the top 22-26% of sale prices citywide at that time, confirming strong market interest.
4. How does the lot size compare?
The lot is a key feature. At 6,593 sqft, it is larger than the average city lot and is competitively sized within its immediate neighbourhood, offering valuable outdoor space.
5. You mention “thoughtful updates.” What does that mean?
Given that the home is below street averages for size, year built, and assessed value, it likely presents as a solid, functional property that may not have undergone extensive recent renovations. Buyers should be prepared for potential updates to interiors, systems, or finishes to modernize the space, which is typical for a home of this vintage.