Property Overview & Key Characteristics
This 1,696 sqft bungalow, built in 1988, sits on a generous 7,787 sqft lot on Oakhurst Crescent in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Its appeal lies in its balanced, above-average positioning across several key metrics. While the home's living area is fairly typical for its immediate street, it offers more space than the average Winnipeg home. The lot size is notably larger than most in the city, providing ample outdoor space. The property's assessed value is above average for both the neighbourhood and city-wide, suggesting a solid valuation foundation. It last sold in the $500k-$550k range in 2023.
This home would suit buyers looking for a well-established property with a sizable yard in a mature neighbourhood. It's a practical choice for those who value space over a brand-new build, and its consistent above-city-average rankings indicate a sound investment relative to the broader market. It may particularly appeal to someone who sees potential in the land itself or in updating a late-80s build to modern standards.
Frequently Asked Questions
1. How does this home's size compare to others?
While the living area is around average for Oakhurst Crescent itself, it is larger than the typical Winnipeg home. The lot size, however, is a standout feature, ranking in the top 12% city-wide for land area.
2. What does the assessed value tell me?
The assessed value of $492,000 is above the average for both the Leila-Mcphillips Triangle area and the city of Winnipeg as a whole. This generally indicates the municipal assessment views the property favorably compared to its peers, which can be a factor in financing and property taxes.
3. The home was built in 1988. What should I consider?
A home from this era is likely past its original major components (like roof, windows, furnace). A thorough inspection is key to understand the remaining lifespan of these systems and what updates (like insulation or electrical) might be beneficial for modern efficiency and comfort.
4. It sold recently in 2023. Why is that significant?
A sale just two years ago provides a very current, market-tested price point (in the $500k-$550k range). This recent transaction offers a clear benchmark for today's value, reducing guesswork compared to properties that haven't traded in many years.
5. Who would this property suit best?
This home is ideal for buyers prioritizing lot size and established neighbourhoods over a brand-new construction. It suits those comfortable with a property that may need personalization or updates, and who appreciate a home that metrics show is consistently above the city average in several key categories.