Property Overview: 364 Oakwood Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,483 sqft home, built in 1950 on a 6,398 sqft lot, presents a compelling blend of space, location, and relative modernity within its historic context. Its primary appeal lies in its strong positional value within the desirable Riverview neighborhood. The home’s assessed value of $491k is consistently above average for both the street and the wider area, suggesting it is perceived as a premium property within its immediate market. A key, less obvious strength is its 1950 build date, which makes it notably newer than most homes on Oakwood Avenue (average year built: 1931) and in Riverview, potentially implying fewer concerns with the aging infrastructure common in century-old homes.
The generous lot size is a significant asset, offering ample outdoor space that is larger than most in the neighborhood. The living area is comfortably above the Riverview average, providing ample room without being oversized. This property would suit buyers looking for a well-established, character neighborhood who prioritize a more modern vintage home on a sizable lot. It’s ideal for those who value above-average metrics for investment and livability, but who may not want the upkeep or layout challenges of a true heritage property.
Frequently Asked Questions
1. How does the 2022 sale price relate to the current assessed value?
The home sold for an estimated $500k–$550k in January 2022. The current assessed value of $491k sits within or just below that range, indicating market valuation has remained relatively stable in the intervening period.
2. Is the 1950 build date an advantage?
In this context, yes. While newer than the city average, this home is significantly newer than most comparable properties on its street and in Riverview. This often means updated foundational materials, electrical, and plumbing systems compared to homes built in the early 1900s, potentially reducing immediate renovation needs.
3. How does the lot size compare?
The lot is a standout feature. At 6,398 sqft, it is substantially larger than the Riverview neighborhood average (~5,583 sqft), offering more private outdoor space than many nearby properties.
4. What is the property’s ranking in the area?
The home ranks highly within its immediate vicinity. It is in the top 12% on its street for assessed value and the top 11% for lot size. In the broader Riverview area, it places in the top 14% for both assessed value and lot size.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. To obtain the exact, verified sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.