Property Summary: 11 Oakfield Place, Winnipeg
Section 1: Key Characteristics & Appeal
This is a spacious, well-established two-storey home in the Marlton area, built in 1981. Its primary appeal lies in its generous scale and mature lot. The property sits on a large, approximately 11,104 sqft parcel of land, offering significant outdoor space and privacy—a feature that ranks in the top 4% of all Winnipeg homes. With 1,874 sqft of living space and a finished basement, it provides ample room for a growing family or those who value space for hobbies, work, or guests.
The home’s strong market position is notable. Its 2022 sale price of $790,000 and current assessed value of $627,000 place it in the top tiers of its neighborhood and the wider city, suggesting a property that has been perceived as a premium offering in its area. It suits buyers looking for a "forever home" with room to grow outdoors, who appreciate the character and established nature of a 1980s build, and who are not seeking a brand-new, move-in-ready project. It would also appeal to value-conscious buyers who see potential in the significant gap between the past sale price and current assessment, viewing it as a long-term hold in a desirable location.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Marlton, and across all of Winnipeg. For example, its land size is larger than 96% of Winnipeg homes, placing it in a rare category. Conversely, its living area is smaller than 80% of homes on its specific street, indicating it's on a street of very large homes.
2. The 2022 sale price is much higher than the current assessment. Why?
Municipal assessments for tax purposes often lag behind the private market and use a different valuation model. The 2022 price reflects what a buyer was willing to pay at the peak of a hot market. The assessment offers a more conservative, baseline value, which can present a potential opportunity but also warrants investigation into current market conditions.
3. Is the large lot a benefit or a burden?
It's a major benefit for privacy, gardening, play space, or future additions like a deck or shed. However, it also means higher property taxes and more yard maintenance—a consideration for those wanting low upkeep.
4. What should I consider about a home built in 1981?
Homes from this era may have solid construction but will likely need updates to major systems (like roof, windows, HVAC) due to age. The interior style (layout, finishes) may also feel dated, so budgeting for modernizations is wise. A thorough inspection is essential.
5. How does the finished basement add value?
It effectively increases the usable living space, which is great for a rec room, home office, or guest area. It’s important to check the quality of the finish, ensure it meets code (e.g., egress windows), and understand if it’s factored into the official square footage (often it is not).