Property Overview: 7 Oakstone Place, Winnipeg
Key Characteristics & Appeal
This home at 7 Oakstone Place in the Leila-Mcphillips Triangle neighborhood presents a balanced, above-average offering for Winnipeg. Built in 1989, it is newer than most homes city-wide. With 1,962 sqft of living space, it provides more room than the typical Winnipeg home, though it is slightly smaller than the immediate neighbors on Oakstone Place. The assessed value is solidly above average for both the neighborhood and the city, suggesting good value retention. The lot size of 7,066 sqft is generous compared to the city median, offering good outdoor space, but is more modest compared to other larger lots on the same street.
Its appeal lies in this balance: you get a relatively modern home with ample living space on a good-sized lot, positioned in a neighborhood where its value stands out positively. It suits buyers looking for a established, spacious home without venturing into the premium price tier of the largest properties on the street. It’s a practical choice for a family or anyone valuing space and a stable investment in a well-regarded area, particularly for those who prioritize a home that outperforms city-wide averages on key metrics.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While the living area is above average for Winnipeg and the Leila-Mcphillips Triangle, it ranks slightly below the average for Oakstone Place itself. This means the home is spacious in a broader context but is among the more modestly sized homes on its specific street.
2. What does the assessed value tell me about this property?
The assessed value is above average for both the neighborhood and the city, indicating the property is viewed favorably in terms of value. However, on its own street, it sits right around the average, suggesting it’s priced in line with its immediate peers.
3. Is the lot size typical for the area?
The lot is larger than the typical Winnipeg lot and is about average for the Leila-Mcphillips Triangle. On Oakstone Place, however, lots tend to be larger, so this property’s lot is on the smaller side within that specific group.
4. When was it last sold and for roughly how much?
The home was sold in 2023. Public data indicates the sale price was in the range of CA$500,000 to CA$550,000. For the exact sale price, you can request the information directly via the listing page.
5. What is the significance of the 1989 build year?
Built in 1989, this home is newer than about 77% of homes across Winnipeg. This can be an advantage, potentially meaning fewer immediate major renovations compared to much older stock, and it places the home in a desirable age bracket for the neighborhood as well.