Property Overview: 500 Oakland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 500 Oakland Avenue in the Rossmere-A neighborhood is a classic Winnipeg property that represents a solid, average offering in the market. Built in 1958, its 1,043 sqft living space and 5,280 sqft lot are very close to the averages for both its street and community, indicating a typical and comfortable size for the area. The property’s primary appeal lies in its value positioning. With a tax-assessed value of $298,000, it sits notably below the average for the street, neighborhood, and city-wide comparisons. This suggests a potentially lower property tax burden and an accessible entry point into a stable, established community.
The home would suit practical, value-conscious buyers such as first-time homeowners looking for a manageable footprint without overextending financially, or investors seeking a rental property with fundamentals in line with area norms. A less obvious perspective is that a home ranking "average" across most metrics in a mature neighborhood can represent a lower-risk purchase, as it is less likely to be over-improved or uniquely problematic compared to its immediate peers. Its consistent, middle-of-the-road standings offer a straightforward canvas for future updates.
Section 2: Frequently Asked Questions
1. What does it mean that the assessed value is "below average" for the area?
This indicates the city's assessment of the property's value for tax purposes is lower than many comparable homes nearby. This typically results in a lower annual property tax bill, which is a positive for ongoing affordability.
2. How updated is this 1958 home?
The provided data does not specify renovations. As the build year is average for the street but older than the community average, prospective buyers should investigate the condition of major systems (roof, wiring, plumbing) and interior finishes, as updates may be needed.
3. Is the last known sale price from 2016 relevant today?
The 2016 sale price (listed between $250,000-$300,000) provides historical context but does not reflect the current market value. It does, however, establish a long-term ownership history, which can be a sign of a stable property.
4. How does the lot size compare?
At 5,280 sqft, the lot is very close to the street and neighborhood averages. It provides a standard outdoor space for the area but is smaller than the Winnipeg citywide average, which includes newer subdivisions with larger lots.
5. How can I get precise historical sale data for this property?
The site notes that due to industry restrictions, precise MLS sale records are not displayed publicly. They offer a manual service where you can request the accurate sales history via email, which they will provide directly without marketing spam.